Accor to acquire the remaining 50% stake in sbe hotel for $325m.

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.