AccorHotels Group

Company in the news

Raffles Hotel to open luxury resort on Sentosa island

(June 25): Singapore’s iconic Raffles Hotel is spreading its wings, planning on opening a luxury resort on Sentosa island.

Banyan Tree expands global footprints with 26 hotel signings

SINGAPORE (Dec 18): Banyan Tree Group is continuing its global expansion with the successful signing of 26 hotel agreements for its four brands in 2018.

Broker's Calls

Positive outlook for Banyan Tree as it rides on Thailand's growth in tourism

SINGAPORE (July 17): Phillip Capital is maintaining its “accumulate” call on Banyan Tree Holdings with a target price of 73 cents.

Offers for AccorHotels' property unit stake seen in October

(Sept 29): Investors looking to buy at least 51% of the property unit of French hotel group AccorHotels are due to submit their letters of intent in October, French daily Les Echos said on Friday.

Frasers Hospitality Trust undertakes rights issue to fund $245 mil acquisition of Novotel Melbourne on Collins

SINGAPORE (Sept 10): Frasers Hospitality Trust (FHT) is undertaking a rights issue to raise $266.3 million to fund the acquisition of hotel Novotel Melbourne on Collins plus 72 car park lots for a total consideration of A$237 million ($245.4 million).