AccorHotels Wants to Buy Out Its Largest Eastern European Franchisee
Photo Credit: The Hotel Nemzeti Budapest - MGallery by Sofitel, is one of 128 hotels that Orbis owns, leases, or manages. Orbis
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
