AccorHotels buys Movenpick

Old Apr 26, 18, 12:40 pm
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AccorHotels buys Movenpick

PARIS, April 25 (Reuters) - French hotel group AccorHotels is in talks to buy hotel chain Movenpick Hotels & Resorts, Le Figaro newspaper reported in its Thursday edition.
https://uk.reuters.com/article/moven...-idUKL8N1S28HO
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Old Apr 26, 18, 2:31 pm
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Interesting. Not sure they'd hold on to the Nile cruise 'ships', but much of the rest could be a good fit.
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Old Apr 26, 18, 2:41 pm
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Thanks for posting.

Accor seems to be doing a lot of M&A, joint ventures, etc. I realize a lot of transactions are kind of small potatoes, not near the scale of the FRHI purchase. Still, I'd be really curious what people think,not being particularly clued-up on M&A, strategic management and stuff.

I'm having a bit of a hard time keeping track of all of Accor's activities... 25hours, Rixos, Onefinestay, FRHI, Banyan Tree, Mantra, Belmond (Orient Express), now Movenpick... Can they really integrate them all?
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Old Apr 26, 18, 2:53 pm
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Originally Posted by 1flyer View Post
Thanks for posting.

Accor seems to be doing a lot of M&A, joint ventures, etc. I realize a lot of transactions are kind of small potatoes, not near the scale of the FRHI purchase. Still, I'd be really curious what people think,not being particularly clued-up on M&A, strategic management and stuff.

I'm having a bit of a hard time keeping track of all of Accor's activities... 25hours, Rixos, Onefinestay, FRHI, Banyan Tree, Mantra, Belmond (Orient Express), now Movenpick... Can they really integrate them all?
They did not buy Belmond, Belmond lost the license to the name Orient Express which is now licensed to Accor.
Can they integrate them all? Eventually yes I think but with Accor everything takes longer...
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Old Apr 26, 18, 9:54 pm
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Originally Posted by IMH View Post
Interesting. Not sure they'd hold on to the Nile cruise 'ships', but much of the rest could be a good fit.
They used to have the Sofitel Nile cruise boats before the arab spring... With the Movenpick boas still operating (and possibly making a profit), they may keep them running.. Who knows.
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Old Apr 27, 18, 7:00 am
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Originally Posted by gilbertaue View Post
They used to have the Sofitel Nile cruise boats [...]
Something else I never knew (and was probably not alone in not knowing) about Accor. Thank you!
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Old Apr 27, 18, 9:23 am
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Originally Posted by IMH View Post
Something else I never knew (and was probably not alone in not knowing) about Accor. Thank you!
I also only recently found out when I was at the Sofitel Cairo... Heard it from a manager there. So my source is just that one guy... Haven't found ANY info on them though...
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Old Apr 27, 18, 12:37 pm
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Originally Posted by gilbertaue View Post
I also only recently found out when I was at the Sofitel Cairo... Heard it from a manager there. So my source is just that one guy... Haven't found ANY info on them though...
never heard about it too.
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Old Apr 27, 18, 1:20 pm
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Originally Posted by 1flyer View Post
Thanks for posting.

Accor seems to be doing a lot of M&A, joint ventures, etc. I realize a lot of transactions are kind of small potatoes, not near the scale of the FRHI purchase. Still, I'd be really curious what people think,not being particularly clued-up on M&A, strategic management and stuff.

I'm having a bit of a hard time keeping track of all of Accor's activities... 25hours, Rixos, Onefinestay, FRHI, Banyan Tree, Mantra, Belmond (Orient Express), now Movenpick... Can they really integrate them all?
I guess thats the easiest way to improve your footprint geographicly and also add more brand (luxury or not) to their portfolio

Raffles and Fairmonts really improve Accors offering in Luxury segment
(I wont classify Sofitels up there to compete with St Regis, Ritz Carlton, and The Luxury Collections from Marwood)

And then Banyan tree and Angsana ... that could go into separate unique category as well ....

More brands to play with ... without having to start a new brand and try establish the market for the brand
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Old Apr 27, 18, 1:53 pm
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Wonderful, there will be absolutely no overlap between those premium hotels named after vaguely premium ice-cream and Accor's other premium brands, plus this will add much needed coverage in the markets Accor lacks it in like... ummm... Karachi?
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Old Apr 27, 18, 7:19 pm
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Originally Posted by Goldorak View Post

never heard about it too.
I know I'm going off topic.. But I found a reference..

Last paragraph in the first section. Here
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Old Apr 30, 18, 2:44 am
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AccorHotels has agreed to buy rival Movenpick Hotels & Resorts for $567 million.

It'll be interesting to see how it mergers into Accor.

http://www.reuters.com/article/us-mo...-idUSKBN1I10B5
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Old Apr 30, 18, 3:11 am
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They didn't have much of a loyalty programme. So at least we won't have too many whining members running around the forums...
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Old Apr 30, 18, 7:57 am
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Have been looking around the Mövenpick website. I do actually like their footprint. Sure in the Middle East they will swamp already saturated AccorHotels markets like Dubai, but with new hotels in the pipeline like 2 in Oman for example, it will be a great addition.

Further, many of their non European properties feature lounges.

In the pipeline are two interesting properties on the east coast of Malaysia.

More can be read up HERE on what is planned in he next 3 years.
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Old Apr 30, 18, 11:13 am
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Originally Posted by gilbertaue View Post
Have been looking around the Mövenpick website. I do actually like their footprint. Sure in the Middle East they will swamp already saturated AccorHotels markets like Dubai, but with new hotels in the pipeline like 2 in Oman for example, it will be a great addition.

Further, many of their non European properties feature lounges.

In the pipeline are two interesting properties on the east coast of Malaysia.

More can be read up HERE on what is planned in he next 3 years.
Thanks for the link, indeed an interesting pipeline.
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