The hotelier acquired a 30% stake in boutique hotel operator 25hours through the deal and will now look to help it expand internationally.
Hotel group AccorHotels has paid €35m ($39m) for a 30% stake in Germany-based boutique hotel owner 25hours Hotels, Reuters reported yesterday.
Founded in 2005, 25hours operates seven concept hotels across Germany and Switzerland, and intends to open a further five in the next two years, in Zurich, Munich, Cologne, Düsseldorf and Paris.
AccorHotels is providing the funding as part of a strategic partnership with 25hours it announced yesterday that will involve it helping the company expand internationally.
Sébastien Bazin, chairman…
