La venta por parte de Accor de su participación hotelera a un grupo liderado por Blackstone, por valor de 1.100 millones de dólares, allana el camino para la salida a bolsa de Ennismore

Key Points

• Accor sold its remaining 31% stake in Essendi to Blackstone and Colony Investment Management for up to $1.1 billion, finalizing its shift to an asset-light model.
• The deal paves the way for a potential Ennismore IPO and will see Essendi's hotels converted to Accor franchise agreements, securing long-term fee income.
• This transaction impacts the European hotel landscape, reducing negotiating power for independent owners and turning Essendi into a predictable income stream for Blackstone.

Summary

Accor has agreed to sell its remaining 31% stake in Essendi, the owner and operator of many of its hotels, to a group led by Blackstone and Colony Investment Management for up to $1.1 billion. This move marks Accor's completion of a years-long shift to an asset-light strategy, locking in long-term franchise fee income and minimizing property risk. The deal also clears the path for a potential Ennismore IPO and is expected to influence hotel franchise negotiations across Europe, while giving Blackstone a stable, infrastructure-like revenue stream from Essendi’s hotel portfolio.