{"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":[],"featured_image_urls":{"full":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest.jpg",900,600,false],"thumbnail":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-300x200.jpg",300,200,true],"medium":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-600x400.jpg",600,400,true],"medium_large":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-768x512.jpg",768,512,true],"large":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-900x600.jpg",900,600,true],"rpg_gallery_admin_thumb":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-150x150.jpg",150,150,true],"rpg_gallery_thumb":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-150x150.jpg",150,150,true],"1536x1536":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest.jpg",900,600,false],"2048x2048":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest.jpg",900,600,false],"ect-jetpack-portfolio-featured":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-640x600.jpg",640,600,true],"ect-featured-content":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-640x600.jpg",640,600,true],"ect-service":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-640x600.jpg",640,600,true],"extendednews-150-150":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest.jpg",75,50,false],"extendednews-500-300":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest.jpg",450,300,false],"extendednews-400-280":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest.jpg",400,267,false],"extendednews-400-500":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest.jpg",400,267,false],"extendednews-550-400":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest.jpg",550,367,false],"extendednews-1600-700":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest.jpg",900,600,false],"jetpack-portfolio-admin-thumb":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-50x50.jpg",50,50,true],"featured-content-admin-thumb":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-50x50.jpg",50,50,true],"service-admin-thumb":["https:\/\/asiaconnext.com\/wp-content\/uploads\/2020\/11\/Mondrian-Seoul-Itaewon_Forest-50x50.jpg",50,50,true]},"author_info":{"info":["admin"]},"category_info":"ENGLISH NEWS<\/a> TRAVEL<\/a>","tag_info":"TRAVEL","comment_count":0,"_links":{"self":[{"href":"https:\/\/asiaconnext.com\/index.php?rest_route=\/wp\/v2\/posts\/1949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiaconnext.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiaconnext.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiaconnext.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiaconnext.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1949"}],"version-history":[{"count":2,"href":"https:\/\/asiaconnext.com\/index.php?rest_route=\/wp\/v2\/posts\/1949\/revisions"}],"predecessor-version":[{"id":1956,"href":"https:\/\/asiaconnext.com\/index.php?rest_route=\/wp\/v2\/posts\/1949\/revisions\/1956"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiaconnext.com\/index.php?rest_route=\/wp\/v2\/media\/1955"}],"wp:attachment":[{"href":"https:\/\/asiaconnext.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiaconnext.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiaconnext.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}