Accor to invest in four freehold and leased hotels

10 December 2012 by
Accor to invest in four freehold and leased hotels

The London hotel, which will be located in Marsh Street, Canary Wharf, will be owned and managed by Accor as a Novotel. It will have 310 bedrooms and will open by mid-2015.

Meanwhile, Accor's expansion in Edinburgh will include a freehold site on St Andrews Square, which will operated by the company as a 103-bedroom Ibis Styles by the end of 2013. The other two hotels in Edinburgh are leased properties and are located at Edinburgh Park and SoCo Edinburgh, a new development in the heart of the old town. They will also be operated under the Ibis brand and will open in 2013 and 2014 respectively.

Thomas Dubaere, managing director, Accor UK & Ireland, said: "Our investment in these four new hotels, two of which we will own and manage, is another step in our strategy to build on our leadership position and further grow Accor's presence in the UK. It is also part of our flexible active asset management plan. While we are focused on reducing our portfolio's capital intensity, we have the financial strength to invest in owned assets, for key locations and flagship hotels for our brands."

Accor currently operates 188 hotels in the UK and is on target to operate 300 by 2015.

Accor to grow Mercure brand to 75 UK properties >>Accor introduces eighth brand to UK with Pullman launch >>Accor invests £5m in employee training ahead of 3,500 new jobs >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to jobs

Looking for a new job? Find your next job here with jobs

Blogs on ]( Catch up with more news and gossip on all Caterer's blogs
[E-Newsletters]([ For the latest hospitality news, sign up for our E-newsletters
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking