PARIS, France—Accor introduced it has entered into unique negotiations with Royal Vacation Group to accumulate 17 administration agreements (3,200 keys). The portfolio contains six present all-inclusive resorts in Mexico (1,660 keys) to be managed by Ennismore, in addition to eleven present resorts and metropolis accommodations in Mexico, Argentina, Puerto Rico, and america (1,540 keys) to be managed by Accor PM&E Americas. The full consideration of $79M will likely be paid in phases, and all of it’ll go in direction of partially funding the $130M renovation plan of the properties inside the subsequent 30 months.
This asset-light platform with accommodations strategically positioned in beachfront resort locations will enable Accor to additional enhance its manufacturers’ presence within the Americas. With this addition, Accor will speed up progress on this area, significantly in Mexico, and proceed creating its all-inclusive resort portfolio.
Three properties in Cancun, Cozumel, and Puerto Vallarta will likely be reflagged as Rixos Inns post-renovation, marking a major milestone within the model’s world progress with its first entry into the Americas. Three additional resorts in Cancun, Acapulco, and Ixtapa will stay below the present model. The eleven different properties will likely be rebranded post-renovation below both the Swissôtel, Mercure, Mercure Residing, or ibis kinds.
Thomas Dubaere, CEO Americas Accor mentioned, “That is an unimaginable alternative for Accor to increase its Premium Midscale & Financial system manufacturers in new locations all through the area. This addition represents a major milestone for us, and we’re dedicated to supporting and enriching the native communities the place our resorts are positioned, fostering sturdy relationships and contributing to their sustainable growth. Along with our new companions, we sit up for creating unforgettable experiences for our visitors and driving optimistic impression in these vibrant locations.”
Gaurav Bhushan, co-CEO of Ennismore, added, “Since Rixos joined Accor in 2017, it has greater than tripled its community, reinforcing its place as a world chief within the luxurious all-inclusive house, with dynamic progress throughout the Center East, Egypt, and Turkey. This strategic acquisition marks Rixos’ daring entry into the Americas — a pivotal transfer into one of many world’s most promising all-inclusive markets. As Ennismore accelerates the worldwide enlargement of its all-inclusive portfolio, the addition of those six resorts to our collective will considerably improve our attain into the midscale phase, unlocking new avenues for progress in key locations worldwide.”
The deal is anticipated to shut within the second semester of the yr, following customary regulatory authorizations, together with antitrust approval, for such a acquisition.
