In a move to consolidate its position as a luxury operator in Europe, the Middle East, Africa and Asia-Pacific, AccorHotels has confirmed a cash deal to buy Mövenpick Hotels & Resorts for $567 million (€482 million).

The Mövenpick portfolio offers 84 hotels in 27 countries, and is described by Accor as “the perfect combination of modernity and authenticity”, reinforcing its push into the luxury sphere.

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