Novotel Bengaluru Techpark is a part of the first combo property for Accor in the country which forms the largest hotel property in South India. Sharing the same site is ibis Bengaluru Techpark, the international value hotel brand of Accor which opened in November 2011.
Novotel, the ideal hotel for work and play, announces the opening of the new Novotel Toronto Vaughan Centre. As Vaughans first full-service hotel, the 149-room Novotel will provide welcomed accommodations to the citys business and leisure travelers.
As part of its refocusing strategy, Accor today sold 1,063,830 Club Mediterranee shares, corresponding to around a 4% interest in the company's capital, to Group Credit Agricole SA for EUR9.40 a share, representing a total amount of EUR10 million.
As part of the strategic review of its business portfolio, Accor Group has signed an agreement to sell for $ 465 million its entire 50% interest in Carlson Wagonlit Travel (CWT) to Carlson Companies and One Equity Partners LLC (OEP), a private equity affiliate of JPMorgan Chase & Co.
A number of newspaper articles have speculated on the possibility of Accor making a public offer for Club Mediterranee, based on the fact that Richelieu Finance has increased its holding in Club Mediterranee.