Announced
Financials
Sources
Tags
Majority
United States
catering services
Cross Border
Single Bidder
hotels operating
Private
Acquisition
Friendly
Pending
Hotels and Motels
Synopsis
Accor, a French multinational hospitality company that owns, manages and franchises hotels, resorts, and vacation properties, agreed to acquire the remaining 50% stake in sbe hotel, a company offering lodging services, from Sam Nazarian, sbe founder, for $325m. "Looking three years back, when we initially invested alongside Sam Nazarian, I am amazed by the journey we've accomplished. Today marks a milestone crystalizing these last years' successes and international development. This redesigned ownership structure will accelerate growth and a leaner management structure. Sam is a visionary leader and a relentless and talented entrepreneur. I am thankful he will continue the journey as my special advisor," Sebastien Bazin, Accor Chairman and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.