Qatari Consortium of Investors to acquire a 10.8% stake in Ennismore from Accor for $195m.

Qatari Consortium of Investors agreed to acquire a 10.8% stake in Ennismore, a lifestyle hospitality company, from Accor, a multinational hospitality company, for $195m. “In only a few years, Accor together with Sharan Pasricha, Fettah Tamince and Laurent de Gourcuff, the three talented founders of Ennismore, Rixos and Paris Society, have built a powerhouse of global lifestyle brands supported by dedicated entrepreneurs and talented teams. Pulling them together and joining forces with our Qatari partners will further unlock the value of Ennismore and take it to the next level. This is a recognition of the strength Ennismore’s portfolio of lifestyle brands and its unique business model based on constant innovation, highest quality, sense of purpose and solid growth," Sebastien Bazin, Accor Chairman and CEO.