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The Warsaw Voice » Special Sections » November 3, 2014
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Orbis Offered 46 Hotels in CEE
November 3, 2014   
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Poland’s biggest hotel operator, Orbis S.A., has been offered 46 hotels in Central and Eastern Europe by its controlling shareholder, French hotel group Accor, for a total of 142 million euros.

The portfolio contains 11 hotels owned by Accor, 17 leased hotels, 11 held under management agreements and seven franchises.

Orbis, which is listed on the Warsaw Stock Exchange, is 52.7-owned by Accor. The French group, which has an extensive international presence, said it made the offer as part of a process to reorganize its operations in Central and Eastern Europe. The offer is expected to reinforce the existing partnership between Accor and Orbis and make the Polish company Accor’s management platform for Central and Eastern Europe, the French group said in a statement.

Under the terms of the offer, Orbis would take over all of the Accor group’s operations in the region, including in Hungary, the Czech Republic, Slovakia, Romania, Bulgaria and Macedonia, in addition to Poland and the Baltic states.

Orbis would be able to develop all of Accor’s hotel brands in the region by exploiting a master license for all of the group’s brands, Accor said.

Orbis said the offer was in line with its strategy, but added that more time was needed for a detailed analysis and talks.

The offer is exclusive to Orbis until the end of November.
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