ACCOR EXPANDS ITS NETWORK IN THE AMERICAS WITH THE ADDITION OF 17 HOTELS (United States)
Accor today announced it has entered into exclusive negotiations with Royal Holiday Group to acquire 17 management agreements (3,200 keys). |
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ACCOR EXPANDS ITS NETWORK IN THE AMERICAS WITH THE ADDITION OF 17 HOTELS (United States)
Accor today announced it has entered into exclusive negotiations with Royal Holiday Group to acquire 17 management agreements (3,200 keys). |
Category: Europe - United States - Industry economy
- Hotel opening - Hotel projects
This is a press release selected by our editorial committee and published online for free on 2025-04-18
The portfolio includes six existing All-inclusive Resorts in Mexico (1,660 keys) to be managed by Ennismore, as well as eleven existing resorts and city hotels in Mexico, Argentina, Puerto Rico and the USA (1,540 keys) to be managed by Accor PM&E Americas.
The total consideration of $79M will be paid in phases, and all of it will go towards partially funding the $130M renovation plan of the properties within the next 30 months.
This asset-light platform with hotels strategically located in beachfront resort destinations will allow Accor to further increase its brands presence in Americas. With this addition, Accor will accelerate growth in this region, particularly in Mexico and continue developing its all-inclusive resort portfolio, which has seen a 25% CAGR on network in the last three years.
Three properties in Cancun, Cozumel and Puerto Vallarta will be reflagged as Rixos Hotels post-renovation - marking a significant milestone in the brand’s global growth with its first entry into the Americas. Three further resorts in Cancun, Acapulco, Ixtapa will remain under the existing brand. The eleven other properties will be rebranded post-renovation under either the Swissôtel, Mercure, Mercure Living or ibis styles.
Thomas Dubaere, CEO Americas Accorsaid, "This is an incredible opportunity for Accor to expand its Premium Midscale & Economy brands in new destinations throughout the region. This addition represents a significant milestone for us and we are committed to supporting and enriching the local communities where our resorts are located, fostering strong relationships and contributing to their sustainable development. Together with our new partners, we look forward to creating unforgettable experiences for our guests and driving positive impact in these vibrant destinations."
Gaurav Bhushan, co-CEO of Ennismore, added, “Since Rixos joined Accor in 2017, it has more than tripled its network, reinforcing its position as a global leader in the luxury all-inclusive space, with dynamic growth across the Middle East, Egypt, and Turkey. This strategic acquisition marks Rixos’ bold entry into the Americas — a pivotal move into one of the world’s most promising all-inclusive markets. As Ennismore accelerates the global expansion of its all-inclusive portfolio, the addition of these six resorts to our collective will significantly enhance our reach into the midscale segment, unlocking new avenues for growth in key destinations worldwide.”
The deal is expected to close in the second semester of the year, following customary regulatory authorizations, including antitrust approval, for this type of acquisition.
About Accor
Accor is a world-leading hospitality group offering stays and experiences across more than 110 countries with over 5,600 hotels & resorts, 10,000 food & beverage venues, wellness facilities and flexible workspaces. The Group has one of the industry’s most diverse hospitality ecosystems, encompassing around 45 hotel brands from luxury to economy, as well as lifestyle with Ennismore. ALL, the booking platform and loyalty program embodies the Accor promise during and beyond the hotel stay, gives its members access to unique experiences. Accor is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity, and inclusivity. Accor's mission is reflected in the Group's purpose: Pioneering the art of responsible hospitality, connecting cultures, with heartfelt care. Founded in 1967, Accor SA is headquartered in France. Included in the CAC 40 index, the Group is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States.
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