• Today, AccorHotels is pleased to announce the close of its acquisition of Mövenpick Hotels & Resorts.
• The transaction involves the purchase of 100% of the share capital of Mövenpick Hotels & Resorts, and ownership of the Mövenpick brand for all activities related to the hospitality business.

• The transaction illustrates AccorHotels’ ambition to seize tactical opportunities to strengthen its positions and consolidate its leadership, as well as to leverage growth.

• Through the acquisition, Mövenpick Hotels & Resorts’ network of 84 properties representing over 20,000 rooms will join AccorHotels’ existing portfolio of more than 4,500 hotels, resorts and residences and 10,000 private homes around the globe.
• The addition of Mövenpick’s existing network and signed pipeline reinforces AccorHotels’ current footprint in Europe and Asia and accelerates growth in key regions such as Africa and the Middle East where Mövenpick enjoys significant brand awareness through 69 operational and pipeline hotels comprising over 18,000 rooms.
•   Mövenpick Hotels & Resorts fits perfectly within the AccorHotels portfolio: as a well-regarded full-service brand, it fills the current gap between AccorHotels midscale Mercure and Novotel brands and the upper upscale Swissotel, Pullman and MGallery brands.

• With the close of this acquisition, AccorHotels has become the largest operator by room number in the Middle East and Africa with a committed network (operational and pipeline) of over 400 hotels representing almost 100,000 rooms across the region.

• Mövenpick brings with it an impressive portfolio of full-service addresses located in city centers and resort destinations in key strategic markets around the world, such as Mövenpick Resort & Spa Dead Sea, Mövenpick Resort & Spa Jimbaran Bali, Mövenpick Hotel Mansour Eddahbi Marrakech and the popular Mövenpick Hotel Amsterdam City Centre.

• Mövenpick Hotels & Resorts will benefit from AccorHotels’ loyalty program, distribution channels and operating systems that will ultimately serve to improve top-line performance across the network.

• As a predominantly asset-light business, the acquisition of Mövenpick is perfectly aligned with AccorHotels’ post-booster development strategy. Additionally, the acquisition

represents an exciting strategic opportunity to bring synergies and new developments in key areas.

• The recent acquisition of Mövenpick and creation of an investment fund dedicated to hospitality in various Sub-Saharan African countries confirms AccorHotels ambition to further accelerate its growth in emerging markets, particularly in the Middle East and Africa. About AccorHotels:

• AccorHotels is a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,500 hotels, resorts and residences as well as in 10,000 private homes around the globe.
• AccorHotels’ committed network (operational and pipeline) in the Middle East and Africa is close to 350 hotels, representing 80,000 rooms across 30 countries in the region.
• Its portfolio comprises an unrivaled collection of internationally renowned hotel brands encompassing the entire range from luxury to economy, including upscale to lifestyle and midscale brands.
• The company's Le Club AccorHotels guest loyalty program is one of the largest in the industry and recently won six Freddie Awards – the most prestigious member-generated awards in the travel loyalty industry.
• In addition to its core hospitality business, AccorHotels has successfully expanded its range of services, becoming the world leader in luxury private residence rental with more than 10,000 stunning properties around the world. The Group is also active in the fields of concierge services, co-working, dining, event management and digital solutions.

About Mövenpick Hotels & Resorts:

Mövenpick Hotels & Resorts is a renowned hotel management company, founded in 1973 but with a food and beverage heritage stretching to the 1940s.

• Its brand promise, we make moments, is all about providing intuitive, genuine, warm and human service.
• Headquartered in Baar, Switzerland, the Mövenpick brand leases and manages full-service hotels, resorts and cruise ships in 27 countries in Europe, Middle East, Africa and Asia, employing 16 000 people around the world today.

• Mövenpick Hotels & Resorts has a committed network (operational and pipeline) in the Middle East and Africa of 69 hotels representing over 18,000 rooms.