Orbis gets €142.3 mln assets offer from Accor

Hotel operator Orbis said on Tuesday that it has received an offer from its parent company Accor to take over 46 hotels in Central Europe, for a total price of €142.3 million. The deal would make Orbis the sole licensor of Accor brands in the regions. The portfolio subject to the potential deal includes 11 owned hotels (1,974 rooms), 17 leased (3,573 rooms), 11 managed (1,685 rooms) and seven franchised (821 rooms). They are operated by Accor subsidiaries in Hungary, Czech Republic, Romania and Poland. “We have been analyzing the possibilities of development through acquisitions for some time now,” said Orbis CEO Gilles Clavie. “Therefore the proposal of acquiring hotel operations from Accor in those countries is in line with our strategy. It would give a chance for a more dynamic growth of the Orbis Group.” The company said it would analyze the offer in the coming weeks. The management board will then suggest approval or rejection and subject it to the shareholders meeting.