Under the long-term joint venture, “both parties intend to collaborate, develop and manage Rixos-branded resorts and hotels worldwide”.
Upon closing, AccorHotels will own a 50% interest in the joint-venture management company.
AccorHotels will integrate 15 hotels – in Turkey, the UAE, Egypt, Russia and elsewhere in Europe – into its network.
Meanwhile Rixos plans to reflag five of its city-centre hotels to AccorHotels brands, which will also be managed by AccorHotels.
Rixos, which has 30 properties, will also add a second “iconic hotel” in Dubai in the “very short term” as well as two other properties by the end of 2018 in Abu Dhabi and the Maldives.
Additionally, Rixos has invested in Turkey’s entertainment center, The Land of Legends theme park, which opened in Antalya in July 2016.
The joint venture will also manage the hotel in the park.
AccorHotels and Rixos announce joint venture
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