Accor: Accor, InterGlobe Partner to Build Network of 300 Hotels in India

By Pierre Bertrand France's Accor and Indian travel conglomerate InterGlobe Enterprises aim to build a network of 300 hotels in India over the next five years as they seek to create the country's fastest-growing hospitality company. The companies said they would bring together their currently owned assets, development and management businesses in the country in a bid to expand in India's hospitality market. "This new entity will become the exclusive vehicle for growing all Accor brands in India, including luxury and lifestyle brands from Ennismore, Accor's fast-growing hospitality portfolio," the companies said Wednesday. Hospitality company Accor will continue to lead operations, brand management and provide full access to its brands and services, they said. As part of the partnership, the companies said they would jointly invest in and become the largest shareholder in Treebo, an Indian company that manages 800 hotels across 120 cities. In addition, the companies said that Treebo would lead the development of the Ibis and Mercure brands in India through a license agreement. The companies said that the combined portfolio of Accor and Treebo would create India's third-largest hospitality player, with more than 30,000 rooms. Write to Pierre Bertrand at pierre.bertrand@wsj.com (END) Dow Jones Newswires 04-09-25 0338ET By Pierre Bertrand France's Accor and Indian travel conglomerate InterGlobe Enterprises aim to build a network of 300 hotels in India over the next five years as they seek to create the country's fastest-growing hospitality company. The companies said they would bring together their currently owned assets, development and management businesses in the country in a bid to expand in India's hospitality market. "This new entity will become the exclusive vehicle for growing all Accor brands in India, including luxury and lifestyle brands from Ennismore, Accor's fast-growing hospitality portfolio," the companies said Wednesday. Hospitality company Accor will continue to lead operations, brand management and provide full access to its brands and services, they said. As part of the partnership, the companies said they would jointly invest in and become the largest shareholder in Treebo, an Indian company that manages 800 hotels across 120 cities. In addition, the companies said that Treebo would lead the development of the Ibis and Mercure brands in India through a license agreement. The companies said that the combined portfolio of Accor and Treebo would create India's third-largest hospitality player, with more than 30,000 rooms. Write to Pierre Bertrand at pierre.bertrand@wsj.com (END) Dow Jones Newswires 04-09-25 0338ET