Lot’s of news coming out of Accor Hospitality recently, and today we hear that they have entered into agreements to acquire new properties which will become the sites for four new Accor hotels in the UK. One of the new hotels will be located in London and the others in Edinburgh.
The London hotel, which will be located at Canary Wharf will be owned and managed by Accor as a Novotel, comprising 310 rooms and is due to open by mid 2015.
In Edinburgh an Accor owned and managed hotel will open on St Andrews Square in the second half of 2013. It will operate as an Ibis Styles and will have 103 rooms with the other two hotels in Edinburgh, which are leased properties, being located at Edinburgh Park and SoCo Edinburgh, a new development in the heart of the old town. They will also operate under the Ibis brand and will open in 2013 and 2014 respectively.
Thomas Dubaere, Managing Director, Accor UK & Ireland said: “Our investment in these four new hotels, two of which we will own and manage, is another step in our strategy to build on our leadership position and further grow Accor’s presence in the UK. It is also part of our flexible active asset management plan. While we are focused on reducing our portfolio’s capital intensity, we have the financial strength to invest in owned assets, for key locations and flagship hotels for our brands.”
Accor currently operates 188 hotels in the UK and is on target to operate 300 by 2015