Accor said it has completed the sale of its residual stake in H World Group (formerly known as Huazhu Group) for USD 460 million. This transaction finalizes the value creation of the investment initiated in 2016. The cumulative disposal value since 2019 has reached USD 1.2 billion, compared to an initial investment of less than USD 200 million. This contributes to the “asset-light” strategy of simplifying the Group's balance sheet. Following this transaction, Accor no longer holds any shares in the capital of H World Group.
Accor and H World Group Limited continue to develop their successful partnership and growth dynamic initiated in 2016. The master-franchise agreement has enabled to open 450 economy and midscale hotels in China, mainly under the ibis, Novotel and Mercure brands. 190 properties in the pipeline are scheduled to open over the next 3 years.
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