Mövenpick Hotels & Resorts – Wikipedia
Mövenpick Hotels & Resorts is a hotel management company headquartered in Baar, Switzerland. It is owned by Mövenpick Holding (66.7%) and the Saudi based Kingdom Group (33.3%). It operates over 80 properties, including hotels, resorts and Nile cruisers, with another 30 resorts planned or under construction across …
The transaction would be completed in the second half of 2018 and will increase earnings as early as 2019, AccorHotels announced on Monday. Among the Accor brands are Pullman, Raffles, Novotel and Mercure.
“The acquisition of Mövenpick will help us strengthen our presence on the European market and accelerate our expansion into emerging markets, especially in the Middle East, Africa and Asia Pacific , ” said Accor chief Sebastien Bazin.
In recent years, AccorHotels has made a number of important acquisitions, including Mantra Group and FRHI, owner of the Savoy and Plaza hotels in London and New York.
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