AccorHotels: strategic partnership with the SNCF.
(CercleFinance.com) - Exactly 134 years after the Orient Express' first trip between Paris and Constantinople (now called Istanbul), the SNCF group, owner of the French railways, has teamed up with AccorHotels in order to continue the development of Orient Express in the luxury hospitality on an international scale, we learned on Wednesday after trading.
This deal will mean the French hotel giant taking a 50% stake in the capital of the Orient Express Company, which is currently 100%-owned by the SNCF.
Through this partnership, Accor intends to strengthen its leadership in the luxury segment by developing a new collection.
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This deal will mean the French hotel giant taking a 50% stake in the capital of the Orient Express Company, which is currently 100%-owned by the SNCF.
Through this partnership, Accor intends to strengthen its leadership in the luxury segment by developing a new collection.
Copyright (c) 2017 CercleFinance.com. All rights reserved.