INVESTMENT INSIGHT

Some French hotels have been bought by foreign companies in the past 10 years. The most remarkable deals include the acquisition in 2015 by the Chinese group Jin Jiang International of the French group Louvre Hotel Group from the US investment fund Starwood Capital for EUR 1.3 billion. In 2016, Accor sold the Qatar Investment Fund (QIA) and Prince Al-waleed, the Kingdom Holding Company of Saudi Arabia (KHC), a total of 16.3 of its shares. The acquisition saw Accor move into third spot in the luxury hotels’ rankings, behind Marriott-starwood and Intercontinental. The group mainly controls the prestigious Fairmont, Raffles and Swissôtel brands, as well as top-class establishments, such as the Plaza de New York and the Savoy in London.