Skift Take
Why go asset light when you can be asset right, or get into "active asset management" as AccorHotels likes to call it?
At a time when most publicly held hospitality companies are pursuing an asset-light strategy where they own little to no real estate, or hard assets, Paris-based AccorHotels has been somewhat of an outlier, buying up a variety of different brands and businesses, from luxury homesharing platforms like Onefinestay to concierge service providers such as John Paul.
AccorHotels' latest announcement — its intent to buy the remaining shares of its Central/Eastern European hotel operator, Orbis — further bolsters that reputation.
On Monday, the company confirmed reports that it was planning to launch a tender offer of approximately $499 million for the remaining shares of Warsaw, Poland-based Orbis that it doesn't already own, shares that represent 47.31 percent of the
