AccorHotels has officially acquired Mövenpick Hotels & Resorts for €482 million, taking on 100% share capital, ownership of brands including Fairmont, Raffles, Swissotel and Australian Mantra Group, and all hospitality activities.

Mövenpick’s 84 operating hotels and 42 under development across 20 countries will be added to Accor’s portfolio of more than 4,500 properties worldwide.

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