Accor sells 30.56% stake in Essendi to a consortium including Blackstone for up to €975 million ($1.1 billion)

Accor has signed a memorandum of understanding to sell its 30.56% stake in Essendi (formerly AccorInvest) to a consortium including Blackstone and Paris-based Colony Investment Management for up to €975 million ($1.1 billion). The deal structure includes an upfront payment of €675 million upon closing and an earn-out of up to €300 million. This transaction aligns with Accor's strategy to simplify its business model, as Essendi's portfolio will gradually convert into 20-year franchise contracts under Accor brands. The transaction is scheduled to close in the third quarter of 2026, subject to finalization of the shareholders' agreement and regulatory approvals. Accor plans to return most of the disposal proceeds to shareholders through an additional €500 million share buyback program.

Counterparts (3)

Seller

A

Accor

company

parent_company

Essendi

company

Essendi is a leading hotel owner and operator in Europe, focusing on the economy and mid-scale segments. The company creates value through dynamic asset management and hotel operations, aiming to develop and innovate for its assets, stakeholders, and ecosystem with a commitment to responsibility and sustainability.

Buyer

Blackstone

company · 6 deals

Blackstone is the world's largest alternative asset manager, serving institutional and individual investors by building strong businesses that deliver lasting value. They invest in dynamic sectors positioned for long-term growth, leveraging their scale and operational expertise to drive transformation and create value.