Accor Nears Deal to Buy Luxury Hotel Brand Habitas [Yahoo! Finance Canada]
Hilton Worldwide Holdings Inc. (HLT)
Last hilton worldwide holdings inc. earnings: 2/11 06:00 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The Paris-based hotelier is set to acquire Habitas through its majority-owned subsidiary Ennismore, said one of the people, all of whom asked not to be identified to discuss confidential information. A transaction value couldn't immediately be learned. ADVERTISEMENT An Accor representative declined to comment on behalf of both Accor and Ennismore. A Habitas representative declined to comment. Habitas, led by chief executive officer and co-founder Oliver Ripley, has a manifesto on its website saying it believes in spaces “where like-minded souls can connect.” The hotel brand — which operates luxury properties in Mexico, Namibia and Morocco, among other countries — has been growing rapidly in Saudi Arabia, following an initial investment by the nation's Public Investment Fund in 2022. Read More: Saudi Arabia Plans $400 Million Expansion of Habitas Hotels Ennismore, which operates the Hoxton, Mama Shelter and Mondrian hotel chains, among others, is
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