Deal Snapshot
ACCORHOTELS CLOSES ACQUISITION OF A 50% STAKE IN SBE ENTERTAINMENT GROUP
Thursday 11 October 2018

Paris-based hospitality company AccorHotels has closed the acquisition of a 50% stake in US-based hospitality company sbe Entertainment Group, the company said. This deal is valued at USD 319m.
Through this partnership, AccorHotels' will pursue its strategy to expand its offering in the luxury lifestyle hospitality segment and its footprint in gateway cities across North America. This long-term investment will allow sbe to leverage AccorHotels' global hospitality platform while remaining an independent luxury lifestyle operator.


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Details
Date Published: 11/10/2018
Target: sbe Entertainment/50% stake
Country: USA
Deal Size: 319m (USD)
Sector: Hotels/Restaurants/Casinos/Catering
Type: Divestment
Financing: Cash
Status: Closed
Vendor: sbe Entertainment Group
Buyer: AccorHotels
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