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BRIEF-Accorhotels strikes hotel restructuring deal with Abu Dhabi
December 21, 2016 / 5:09 PM / a year ago

BRIEF-Accorhotels strikes hotel restructuring deal with Abu Dhabi

Dec 21 (Reuters) - Accorhotels :

* Announces deal with Abu Dhabi Investment Authority to restructure portfolio of 31 hotels

* To acquire 15 Ibis and Ibis Budget hotels for A$200 mln (137 million euros), new management contracts or extensions on remaining 16

* Says acquisition will contribute to 2017 group EBIT Further company coverage: (Reporting by Laurence Frost)

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