The European Commission has approved the EUR 1 billion transaction through which AccorInvest acquires an 86% stake in the Polish hotel chain Orbis from the French group Accor, which is present with 73 hotels in Central and Eastern Europe, including Romania.
In April of this year, the Polish group will open a new hotel in Bucharest under the ibis Styles brand, based on a contract signed in the fall of 2018 with Dentotal Hospitality, a company owned by Anghel and Bogdan Dogariu.
Frequently Asked Questions
What is the value of the AccorInvest-Orbis transaction?
The transaction is valued at approximately EUR 1 billion.
How many hotels does Orbis operate in Central and Eastern Europe?
Orbis operates a network of 73 hotels across the CEE region, including Romania.
Which new hotel will open in Bucharest?
A new ibis Styles hotel is scheduled to open in Bucharest in April, through a partnership with Dentotal Hospitality.