December 3, 2010 - Assignment

Accor in hotel sale-and-franchise-back transaction in Sweden

Accor has divested 18 hotels in Sweden, representing all the Group’s local hotel assets, in a sale-and-franchise-back transaction, where 14 Ibis and 4 Formule 1 hotels will continue to operate under the same brands. The transaction is being carried out in partnership with a joint venture composed of the private equity house Sveafastigheter, Midstar and Event Holding, a hotel investor and operator in Germany and France.

Accor, the world’s leading hotel operator and market leader in Europe, is present in 90 countries with 4,200 hotels and over 500,000 rooms.

Accor was advised by Mannheimer Swartling on the transaction. The firm’s team included Jan Holmius, Peter Jonsson and Richard Edström (M&A), Tomas Johansson and Azadeh Razani (Real Estate) and Cecilia Lönn (Employment).