AccorInvest, investor, owner and operator of a portfolio of more than 850 owned and leased hotels in 25 countries worldwide, announced the closing of the acquisition of the Polish hotel group Orbis on 11 March.
At the end of 2019, AccorInvest had announced the acquisition of 85.8% of the Orbis Group shares held by Accor. Following the public tender offer launched by AccorInvest on 5 February, the Group now holds 98.6% of Orbis Group shares.
The Polish group Orbis operates in six Eastern European countries (Poland, Hungary, the Czech Republic, Slovenia, Romania and Lithuania) and owns 73 hotels, including 4 luxury, 34 midscale and 35 economy hotels, under the Sofitel, Ibis, Novotel and Mercure brands. As a result of this acquisition, AccorInvest’s portfolio now includes more than 900 hotels and 135,000 rooms, the majority of which are located in European capitals.
“We are delighted to welcome the Orbis Group. Its expertise in the real estate and hotel sectors, consistent with our ambition to expand into the economy and midscale segments in Europe, is fully in line with our strategy. This acquisition consolidates our territorial and range network, and I am convinced that this collaboration will be a success for both Orbis and AccorInvest.” said John Ozinga, Chief Executive Officer of AccorInvest.
“Over the past years, Orbis has carried out a major shift and performed a huge transformation. In 2019, we wrote a new page in the Group’s history becoming a pure hotel investor and operator in Eastern Europe region. Having the new investor, who notably understands and supports Orbis’ strategy is a new step in the company further development. Both AccorInvest & Orbis will now write a common story, which starts today”, announced Gilles Clavie, Chairman and CEO of Orbis SA.
By including Orbis Group hotels in the company’s portfolio, AccorInvest confirms its position as the leading hotel operator in Europe, with a portfolio that is 90% European-based in the economy and midscale segments. In time, AccorInvest intends to acquire all Orbis shares.
AccorInvest owns and operates a portfolio of over 850 owned and leased hotels, located in 25 countries in Europe, Latin America and Asia. The Group invests to consolidate its real estate portfolio through hotel acquisitions, renovations and new hotel developments in Europe in the economy and midscale segments.
AccorInvest relies on an international team of more than 30,000 employees.
AccorInvest has entered into long-term management agreements with Accor, owner of world-renowned brands such as ibis, Novotel, Mercure, etc., to ensure the operational excellence of its hotels. This privileged partnership ensures the continuous improvement of the attractiveness of its hotels and customer satisfaction.
Orbis SA is the largest Group investing in hotel-related assets in Poland and Eastern Europe. It comprises 73 hotels, 63 owned and 10 leased (more than 14,000 rooms in total), in 6 countries in the region: Czech Republic, Lithuania, Poland, Romania, Slovakia and Hungary. The hotels are operated under the following Accor brands: Sofitel, MGallery by Sofitel, Novotel, Mercure, ibis, ibis Styles and ibis budget, and soon Adagio and Tribe. Recognised brands guaranteeing the quality of services at different levels, from 5-star luxury hotels to 1-star economy hotels.
Orbis SA is a leader in the Easter European hotel real estate market and invests in the construction and modernisation of hotels. It is also active in the field of asset management. Orbis SA has been listed on the Warsaw Stock Exchange since 1997.