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In 2006, Accor and Motel 6 invested more than $6 million in properties to help rebuild New Orleans and Gulfport following Hurricane Katrina. One of the Motel 6 co-founders, William Becker, died of a heart attack at the age of 85 the next year. [9] The company was sold by Accor to The Blackstone Group in 2012 for $1.9 billion. [10]
Accor and the certification agency Bureau Veritas launched a label guaranteeing high safety and cleanliness measures in the group's hotels and restaurants, [81] and signed a strategic partnership with the insurance company Axa to provide medical assistance to the guests of its hotels worldwide. [82] In 2020, Accor opened more than 200 new ...
Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. It was acquired by Marriott International in 2016.
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Novotel is a French midscale hotel brand owned by Accor. [1] Created in 1967 in France, the company grew into what became the Accor group in 1983, and Novotel remained a pillar brand of Accor's multi-brand strategy. Novotel manages 559 hotels in 65 countries (2021). [2] Since 2010, Novotel also includes the apartment hotel brand Novotel Suites. [2]
The company owns 18 luxury hotels, 17 of which are located in the United States and one of which is in Germany. [3] Through his investment firm, Cascade Investment, Bill Gates has purchased 1.74 million shares of Strategic Hotels & Resorts Inc.’s common stock at a total price of $21.45 million – totaling 9.8% of the company's shares. Gates ...
In 2006, Kingdom Hotels International and Colony Capital purchased Fairmont, consolidating their hotel brands to form Fairmont Raffles Hotels International (FRHI), which in turn became a subsidiary of AccorHotels in 2016. In 2007, BC Investment Management Corp. bought Delta Hotels, which was purchased by Marriott International in 2015.
In 2009, Banyan Tree Global Foundation was created as part of Banyan Group Limited. In December 2016, Banyan Tree entered into a partnership with a French hospitality company, Accor. [2] As part of the deal, Accor would invest €16 million to Banyan Tree in exchange for a 5% stake in the company, with the option to purchase an additional 5% ...