Accor in talks to buy conference company
Paris – 25 March 2017 –
AccorHotels and French investment firm Edmond de Rothschild are in talks to buy Groupe Potel & Chabot, a company with sales of around 100 million euros which runs upmarket conference centres and hospitality events.
The acquisition of Potel & Chabot will strengthen AccorHotels’ hospitality business, with Accor having recently made similar acquisitions such as its US$2.7 billion takeover of FRHI Holdings, which owns the Fairmont, Raffles and Swissotel brands, Reuters reported.
“The combination of their knowledge with our leading positions in luxury hospitality, private rental and concierge services will provide our clients with unique services and expertise regarding tailor-made events,” AccorHotels Deputy Chief Executive Sven Boinet said.