AccorHotels Strikes Deal to Buy Chile Hotel Group Atton

By Dev Anand | 14 May 2018

Date: May 2018

Location: 11 hotels across Chile, Peru, Colombia and Florida in the United States.

Name: Atton Hoteles

No. of Keys: 1543 (we think!)

Seller: Capital Advisors, the management company behind Chile’s Atton Hoteles, linked to the Angelini, Elberg & Said Handal families.

AccorHotels will also buy 20 percent of the property company that owns these assets, with the remaining 80 percent being bought by Chilean company Algeciras.

AccorHotels will also have an option to sell its 20 percent in that property company to Algeciras after five years.

Buyer:  Accor (we can’t stop buying) Hotels. “With Atton’s portfolio, AccorHotels will strengthen its leadership position in Latin America and complement its offer to its customers and loyalty members with attractive key destinations,” said Patrick Mendes, AccorHotels’ South America chief executive, in a statement.

Price US$105m

Price per Key: US$68,049

THPT Comment: OK we shall start playing a game soon…Guess which hotel in the world is NOT owned by Accor?

First Seen: Reuters

Posted in Recent Deals