ACCOR (EPA:AC) - Accor to sell a 1.5% stake in Huazhu for €239m

Transparency directive : regulatory news

19/02/2021 08:00

Press release
FEBRUARY 19TH, 2021

Accor to sell a 1.5% stake in Huazhu for EUR239m

Accor announces that it completed the disposal of a 1.5% stake in Huazhu Group
Limited (HTHT) for EUR239m. This transaction allows Accor to crystallize
further value creation of the initial investment while simplifying its balance
sheet. After this transaction, Accor owns a 3.3% stake in Huazhu and continues
to be represented at the Group's Board of Directors.

Accor and Huazhu will continue to develop their successful partnership and
growth dynamic initiated in January 2016. The master-franchise agreement has
enabled the openings of 300 economy and midscale hotels in China, mainly under
the ibis, Novotel and Mercure brands. More than 200 properties in the pipeline
are scheduled to open over the next 3 years.

ABOUT ACCOR

Accor is a world leading hospitality group consisting of more than 5,000
properties and 10,000 food and beverage venues throughout 110 countries. The
group has one of the industry's most diverse and fully-integrated hospitality
ecosystems encompassing luxury and premium brands, midscale and economy
offerings, unique lifestyle concepts, entertainment and nightlife venues,
restaurants and bars, branded private residences, shared accommodation
properties, concierge services, co-working spaces and more. Accor also boasts
an unrivalled portfolio of distinctive brands and approximately 300,000 team
members worldwide. Over 65 million members benefit from the company's
comprehensive loyalty program ALL - Accor Live Limitless - a daily lifestyle
companion that provides access to a wide variety of rewards, services and
experiences. Through its Planet 21 - Acting Here, Accor Solidarity, RiiSE and
ALL Heartist Fund initiatives, the group is focused on driving positive action
through business ethics, responsible tourism, environmental sustainability,
community engagement, diversity and inclusivity. Founded in 1967, Accor SA is
headquartered in France and publicly listed on the Euronext Paris Stock
Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the
United States. For more information visit group.accor.com or follow Accor on
Twitter, Facebook, LinkedIn and Instagram.

Relations Investisseurs et Analystes

Sébastien Valentin
Chief Communication Officer
Tél. : +33 1 45 38 86 25
E.sebastien.valentin@accor.com

Pierre-Loup Etienne
VP Investors Relations
Tél. : +33 (0)1 45 38 47 76
E.pierre-loup.etienne@accor.com

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ACCOR (EPA:AC) - Accor to sell a 1.5% stake in Huazhu for €239m

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