Accor signs a definitive binding agreement on the sale of its stake in Essendi

India, July 24 -- Accor announces that it has signed on July 23rd, 2026, a definitive binding agreement regarding the sale of its c.30.7% stake in Essendi (formerly AccorInvest), in line with the terms agreed in the memorandum of understanding:

Transaction Details

- Stake Sale: Accor is selling its 30.7% stake in Essendi to a consortium led by Blackstone and Colony IM.

- Valuation: Up to €975 million total consideration.

- €675 million payable at closing.

- Up to €300 million earn-out.

- Closing Timeline: Expected in Q4 2026, subject to regulatory and antitrust approvals.

Strategic Impact

- Franchise Conversion: Essendi's hotel portfolio will gradually shift to franchise contracts under Accor brands.

- Average duration: 20 years.

- Supports Accor's strategy to simplify operations and strengthen recurring revenue predictability.

- Financial Consistency: Transaction aligns with EBITDA trajectory presented at the Capital Markets Day (June 27, 2023).

Shareholder Returns

- Accor plans to return most proceeds via a.....

Published by HT Digital Content Services with permission from Travel Media.