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AccorHotels to Fund Acquisitions With Sale of Property Unit for $5.4 Billion

By Sharon Smyth, Bloomberg

Bloomberg

The Accor logo. The company is selling a stake in its property business for share buybacks and acquisitions. Bloomberg

Skift Take: While the deal has been flagged for months, it is an important step in the evolution of the company. Of much bigger interest is what Accor decides to do with the proceeds. A decent amount will be spent on share buybacks but with a multi-billion dollar warchest, we can also expect plenty of acquisitions.

— Patrick Whyte

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