Accor finalises Dorint acquisitions

Hotel giant Accor has upped its investment in German chain Dorint AG to take control of 52 of its 93 properties. The £34m move follows Dorint's plan to split in two. Accor will also put a further £49m in to buy the minority interests in the first half of this year, giving it an overall 90% interest in one of the new businesses. The remaining 41 properties have been sold to Ebertz and & Partner, which will continue to operate them under the Dorint name. Accor previously owned a 34% stake in Dorint, but has now invested a further £34m in order establish a controlling interest in the hotels. Of the 52, eight previously operated under the Dorint Sofitel brand, 17 as Dorint Novotel and 27 as Mercure. The Dorint brand will now be dropped from these properties. Accor chief executive Gilles Pelisson said: “With a strengthened presence in one of today’s most dynamic European markets, Germany, Accor is ready to capitalise on its past partnership with Dorint. It provides a repositioned network in downtown locations, which will enable the emergence in Germany of the Sofitel and Novotel brands and the consolidation of the Mercure network.”

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