{"id":1949,"date":"2020-11-25T22:57:08","date_gmt":"2020-11-25T15:57:08","guid":{"rendered":"https:\/\/asiaconnext.com\/?p=1949"},"modified":"2020-11-25T22:57:08","modified_gmt":"2020-11-25T15:57:08","slug":"accor-takes-full-ownership-of-sbe-hotel-brands","status":"publish","type":"post","link":"https:\/\/asiaconnext.com\/?p=1949","title":{"rendered":"Accor takes full ownership of sbe hotel brands"},"content":{"rendered":"
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As part of its simplification and asset-light strategy, and with the ambition of accelerating its momentum in the fast-growing Lifestyle hospitality sector, Accor today announces the signing of binding agreements on a new sbe Group\u2019s ownership structure.<\/p>\n<\/div>\n<\/div>\n

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Under the terms of these agreements,\u00a0Accor is taking full ownership of sbe\u2019s Hotel asset light business<\/strong>\u00a0including the\u00a0Delano, Mondrian, SLS<\/strong>, and\u00a0Hyde hotel brands<\/strong>\u00a0along with most of sbe\u2019s Food & Beverage brands including Cleo, Fili\u2019a or Carna by Dario Cecchini.<\/p>\n

These brands will be at the heart of Accor\u2019s newly created global Lifestyle platform (see separate release on Accor\u2019s Lifestyle Platform). Sbe currently operates\u00a022 hotels<\/strong>, with\u00a0more than 40 properties in the pipeline<\/strong>, which has more than doubled since Accor\u2019s initial investment in sbe in 2018, with key upcoming openings such as Mondrian London and SLS Dubai in 2021.<\/p>\n

Eldridge<\/strong>, a holding company with a unique network of businesses across finance, technology, real estate, and entertainment,\u00a0is acquiring sbe\u2019s two remaining assets<\/strong>: the Hudson Hotel in New York and Delano in Miami.<\/p>\n

In parallel,\u00a0Sam Nazarian takes full ownership of sbe\u2019s Disruptive Restaurant Group Platform<\/strong>\u00a0(DRG) and its 15 owned restaurant and nightlife venues along with an increased majority ownership of C3, a leading player in digital kitchens and lifestyle food halls business.<\/p>\n

This cash and asset swap transaction entails a $300 million cash investment from Accor almost entirely through the redemption of sbe\u2019s debt.<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n

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As part of its simplification and asset-light strategy, […]<\/p>\n","protected":false},"author":1,"featured_media":1955,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,12],"tags":[],"class_list":["post-1949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","category-travel"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t