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Accor plans to sell its stake in Lucien Barrière Hotels

News Lucien Barrière is a chain of hotels with 14 hotels in France and 1 accommodation in Marrakesh. The total number of guestrooms in the portfolio estimates 2,000. Lucien Barrière brand contains not only hotels, but casinos as well. Currently the brand and the properties under it are owned by several companies with Accor being one of them.

Accor owns 49% stake of Lucien Barrière, but, according to the latest news, the company plans to get rid of them and negotiates with the France-based holding company Fimalac concerning the possible disposal of the stakes.

According to Accor, the company has no more interest in Lucien Barrière and doesn’t consider it a strategic object. Accor is currently in debt and the money got from this sale can help to get out of financial difficulties.



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