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BRIEF-AccorHotels and Rixos Hotels announce strategic partnership
March 6, 2017 / 6:42 AM / 9 months ago

BRIEF-AccorHotels and Rixos Hotels announce strategic partnership

March 6 (Reuters) - Accor:

* Under a long-term joint venture, both parties intend to collaborate, develop and manage Rixos branded resorts & hotels worldwide

* Upon closing, AccorHotels will own a 50% interest in the joint venture management company

* AccorHotels will integrate in its network 15 iconic hotels located in premium resort markets in Turkey, UAE, Egypt, Russia and Europe and which benefit from strong room rate performance

* AccorHotels says Rixos partnership forms part of its strategy to expand in upmarket/luxury hotels sector

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