Accor Weighs Ennismore IPO to Finance U.S. Expansion
Accor CEO Sébastien Bazin is deciding whether to take lifestyle hotel division Ennismore public or inject internal capital to fund growth in the U.S. market. A decision on the company's 62% stake is expected by the end of the month, with valuations reaching up to $5.8 billion.
Key Takeaways
- 1Accor is exploring an IPO or direct capital injection to fund Ennismore's U.S. expansion.
- 2Analysts estimate Ennismore's market valuation between $3.4 billion and $5.8 billion.
- 3A final strategy announcement regarding Accor's 62% stake is slated by month's end.
Source: Skift
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