Orbis to complete asset purchase in Q1

Hotel operator Orbis is counting on finalizing the acquisition of assets from parent company Accor in the first quarter of 2015, the company’s CEO Gilles Clavie told ISBnews. “We will now be starting cooperation with managers from the countries [that the asset portfolio is in],” Clavie said. Orbis said on Monday that approved an offer from Accor and it will acquire 46 hotels in Central Europe, for a total price of €142.3 million. The portfolio 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.