Orbis with prelim agreement to buy Accor hotels for €142.3 million

Orbis has signed a preliminary sales agreement with Accor, Accor Polska, Holpa and Accor Hotels Belgium to purchase their shares in 46 hotels in Poland, Hungary, Romania and the Czech Republic for a total sum of €142.26 million. In Poland, Orbis will acquire 100 percent of shares in companies Hotel Muranowska and Hotek Polska. Currently, Orbis operates 68 hotels (52 own hotels, 1 leased, 3 under management and 12 through franchise) located in 32 major cities and holiday resorts in Poland, Lithuania and Latvia.