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AccorHotels eyes 85 European hotels for divestment

AccorHotels is negotiating the divestment of 85 hotels it owns or leases in Europe, creating a company in which it would hold a 30% stake. Eurazeo would command 70%, and another investment partner might be added. This part of AccorHotels’ portfolio is valued at $158 million. Read the SNL Financial story here

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