Accor to Buy Mövenpick Hotels

Mövenpick Hotels & Resorts was established in 1973 as an extension of the successful Mövenpick Restaurant Business. Since then, Mövenpick Hotels & Resorts has expanded its international presence and today manages more than 84 hotels across Europe, the Middle East, Africa and Asia and has 42 hotels under development.

Movenpick will be integrated into AccorHotels, a France-based travel and lifestyle group with more than 4,300 hotels, resorts and residences operating in 100 countries. Mövenpick Hotels & Resorts will have access to Accor’s customer loyalty program, benefit from new sales channels and will be able to increase the operational performance of its managed properties.

The transaction is subject to regulatory approvals. It should be completed in the second half of 2018.

Mövenpick Holding will continue on with Mövenpick Fine Foods, Mövenpick Wein and Marché International.