GIC, Saudi PIF among funds buying AccorHotels' property business for $5.3b

GIC, Saudi PIF among funds buying AccorHotels' property business for $5.3b

Photo: AccorHotels website

French hotel group AccorHotels said on Tuesday it had agreed to sell 55 percent of its AccorInvest property business to a group of sovereign and institutional investors for 4.4 billion euros ($5.3 billion).

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