May 18, 2018 |
Local group Inmobiliaria Algeciras Limitada and France's AccorHotels have acquired Chilean hotel chain Atton Hoteles for $365m, the French multinational said in a statement.
Inmobiliaria Algeciras purchased 80% of Atton Hoteles' real estate. AccorHotels bought the remaining 20% of the property company and 100% of the management company.
AccorHotels' total cash consideration was $105m, including $79.1m for the management company and $25.9m for its 20% stake in the real estate arm. This reflects 2
Inmobiliaria Algeciras and AccorHotels pen $365m agreement with Atton Hoteles