Accor loses ownership stake in these hotels but keeps its name on the buildings and continues to collect fees. This is the shift toward an asset-light, franchise-heavy model CEO Sébastien Bazin has long sought.http://dlvr.it/TRqR6k
The post Accor’s $1.1 Billion Sale to Blackstone-Led Group Clears Way for Ennismore IPO first appeared on Vacation Travel Listings.
http://dlvr.it/TRqRDb
