Poland’s largest hotel operator Orbis Group has been cleared by its supervisory board to purchase the 46 existing and planned hotels in Central Europe from its strategic partner Accor in a 142.3 million euro deal which makes Orbis the sole licensor of all Accor brands in 16 countries and the leader of hospitality industry of the region.
Orbis is going to sign a new master licence agreement with Accor, which will give the former a right to operate until 2035 the hotel business under the Accor brands in 16 countries: Bulgaria, Czech Republic, Estonia, Lithuania, Latvia, Poland, Macedonia, Romania, Slovakia, Hungary, Croatia, Slovenia, Bosnia and Herzegovina, Montenegro, Serbia and Moldova.
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