On January 18, the French hotel giant Accor Group announced the sale of its remaining 3.3% stake in China’s H World Group (Huazhu Group) for a transaction value of US$460 million.
In its official press release, Accor stated that “after this transaction, Accor no longer owns any stake in H World Group Limited.”
In 2016, Accor acquired a 10.8% stake in H World Group. Neither party disclosed the amount of the transaction at that time. Now in the same official press release, Accor revealed that “the cumulated disposal value since 2019 reaches USD 1.2 bn, vs. an in …