Orbis takes over Accor hotels in 6 CEE countries

Orbis has finalized the deal with its parent company Accor to take over a chain of 46 hotels in Central Europe based on new Master License Agreement. Orbis has signed a 20 year contract to run hotel business under Accor's brand in CEE and SEE, with the license being exclusive for at least 10 years. “We are very satisfied that we have finalized the. The takeover of Accor hotels is a milestone in the activity of our company and is in line with Orbis strategy. Entering into new markets is a great opportunity for dynamic growth. We will be Accor's managing platform in the whole region,” said Gilles Clavie, the CEO of Orbis Group in market filling. Orbis took over 46 hotels in Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia. Transaction was worth €142.3 million. Orbis network consists currently of more than 100 hotels located in eight Central Europe countries.