Accor continues to simplify its balance sheet selling its remaining stake in H World Group Limited (Huazhu)
Accor announces that it completed the disposal of the remaining stake in H World Group Limited (previously named Huazhu Group Limited) for USD460m. This transaction allows to finalise the value creation of the investment initiated in 2016. The cumulated disposal value since 2019 reaches USD1.2bn, vs. an initial investment of less than USD200m. This contributes to the asset-light strategy simplifying the Group’s balance sheet. After this transaction, Accor no longer owns any stake in H World Group Limited.
Accor and H World Group Limited continue to develop their successful partnership and growth dynamic initiated in 2016. The master-franchise agreement has enabled to open 450 economy and midscale hotels in China, mainly under the ibis, Novotel and Mercure brands. 190 properties in the pipeline are scheduled to open over the next 3 years.