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Sunday, December 25, 2011

Accor pursues its transformation with the disposal of the Mercure Chopin in Warsaw, for €31m

Furthermore, Orbis, the subsidiary of Accor in Poland, has led a  successful asset restructuring policy throughout 2011, with seven outright sales (more than 1,000 rooms) representing a total disposal amount of €45m, more than half of which in  the second half of the year. None of these hotels was flagged under an Accor brand.

All of  them, including the Mercure Chopin, were presenting operating performances and technical characteristics below the Group’s standards, and will stop operating as hotels.

In the meantime, Orbis kept refocusing on its core hotel business, with the disposal of its Car Rental and Car Fleet business
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