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.
AccorHotels and Rixos announce joint venture
Hotels
Jennifer Morris
6 March 2017
AccorHotels has announced a joint venture with Rixos Hotels.
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