US: Accor is reportedly contemplating an preliminary public providing (IPO) for its way of life hospitality platform Ennismore.
Based in 2011 by Sharan Pasricha, Ennismore operates greater than 180 resorts beneath 16 manufacturers. These embrace The Hoxton, 25hours, Mama Shelter, Hyde, Morgans Originals, amongst others.
In 2021, Accor shaped a three way partnership with Ennismore and a yr later, offered a stake within the platform to a consortium of Qatari buyers. On the time, the deal valued Ennismore at greater than $2 billion.
Based on a report by Bloomberg, Accor has been in dialog with advisors in regards to the potential itemizing of Ennismore on the US inventory trade. Whereas discussions are in early stage, there isn’t a certainty it would result in a transaction.
Within the US, Ennismore is rising its footprint having signed places for The Hoxton in Nashville and a second property in Chicago.
Elsewhere in North America, the Delano, Hyde, Hoxton, and Mama Shelter manufacturers might be launched in Mexico. Mama Shelter Mexico Metropolis and Mexico Metropolis, Hyde are anticipated to open later this yr.
Balfour Miami Seaside has just lately reopened beneath Morgans Originals, with Delano Miami Seaside additionally on account of relaunch in late 2025 following a renovation.
Future world openings embrace the market debut of TRIBE and JO&JOE in New Zealand, scheduled to launch in Auckland this October and November respectively.
Highlights:
• Accor is contemplating a US IPO for its way of life hospitality platform Ennismore.
• Ennismore operates greater than 180 resorts beneath 16 manufacturers.
• The platform was valued at greater than $2 billion in 2022.
• Current US signings embrace The Hoxton in Nashville and a second website in Chicago.
• US openings embrace the Balfour Miami Seaside a Morgan’s Authentic, with Delano Miami Seaside on account of relaunch in late 2025.
