Travel + Leisure Co. Continues Brand Portfolio Expansion with Acquisition of Accor Vacation Club [Yahoo! Finance]
ACCOR SA SPNS/ADR (ACCYY)
NASDAQ:AMEX Investor Relations:
accorhotels.group/en/investors/accor-share/accor-adr
Company Research
Source: Yahoo! Finance
Deal is expected to be immediately accretive to Travel + Leisure Co. upon closing Continues delivering on the Travel + Leisure Co. strategic priority of vacation brand portfolio expansion Acquisition of existing business helps the two companies establish a relationship to develop new timeshare products in the Asia Pacific, Middle East, Africa and Turkey regions under the Accor Vacation Club brand, leveraging the Travel + Leisure Co. global platform ORLANDO, Fla. & GOLD COAST, Australia, January 31, 2024 BUSINESS WIRE Travel + Leisure Co. (NYSE:TNL), the world's leading membership and leisure travel company, announced an agreement to acquire the vacation ownership business of global hospitality giant Accor (AC:FP) for US$48.4 million. The acquisition is expected to close in the first quarter of 2024 and to be immediately accretive to Travel + Leisure Co. earnings upon completion. Under the terms of the deal, Travel + Leisure Co. will acquire Accor's vacation ownership business
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