Horncastle Executive Travel

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Movenpick Hotels and Resorts joins Accorhotels

Accorhotels has signed an agreement to acquire Movenpick Hotels and Resorts, adding the Swiss company’s 84 hotels to its portfolio.

The French hotel group announced the acquisition today, for a cash amount of 560 million Swiss francs (US$567 million). Along with Movenpick’s existing properties, the acquisition also includes its pipeline of 42 new properties – many of which are located in Asia-Pacific, the Middle East and Africa – that it plans to open by 2021.

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