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9. AccorHotels to Buy Stake in Banyan Tree
AccorHotels will invest an initial Sin$24 million (c. Ä16 million) in Singapore-based Banyan Tree and both parties will then co-develop the brands owned by Banyan Tree around the world. The investment will be made through a mandatory convertible debenture that at conversion will give AccorHotels an approximately 5% stake in Banyan Tree.
10. AccorHotels to Acquire Australiaís Mantra Group
AccorHotels has signed an agreement with Mantra Group with the view to acquire all of the issued capital in Mantra by way of a scheme of arrangement to be approved by Mantra shareholders. Under the terms of the agreement AccorHotels would offer AUD3.96 in cash for each Mantra share including any potential special dividend.
11. Accor Takes Over Luxury Resort in Maldives
AccorHotels has signed its first resort in Maldives. Currently operating as the Jumeirah Dhevanafushi, AccorHotels will officially take over management of the property on 1 September 2017 when it will be rebranded as Dhevanafushi Maldives Luxury Resort, managed by AccorHotels. Then, following a refurbishment which will take place in late 2018, it will be rebranded as the Raffles Ma
12. AccorHotels Appoints Veronique Augier Nel as Director of Communications & CSR Asia Pacific
AccorHotels has appointed Veronique Augier Nel as Director of Communications & CSR Asia Pacific. Veronique has been with AccorHotels Asia Pacific for seven years, overseeing communications for the groupís Talent & Culture team. A graduate of the Lausanne Hotel Management School in Switzerland, she has previously worked with Starwood, Hyatt Hotels and Walt Disney World.
13. AccorHotels and Qatar Airways Join Forces for More Rewarding Loyalty Programs
Qatar Airways and AccorHotels have joined forces to offer members of their respective loyalty programmes an even more rewarding travel experience. Members of Qatar Airwaysí loyalty programme Privilege Club can now convert their Qmiles into Le Club AccorHotels points at the conversion rate of 4,500 Qmiles for 1,000 LCAH points.
14. French Companies First to Benefit from AccorHotels Business Solution
AccorHotels has launched a free solution for SMEs and SMIs that will allow them to manage online their travel policy and bookings in 2,800 hotels around the world. To access this service, customers merely have to create an online account in the Pro Solutions section of accorhotels.com. With AccorHotels Business Solution SME and SMI managers can:
15. AccorHotels Opens Second Education Centre for Less Privileged Children in Indonesia
AccorHotels has opened a second education centre in Indonesia for less privileged children to help develop their skills. The Sanggar Yayasan Peduli Tunas Bangsa centre in Bedugul Bali will allow local children to be taught basic English, computer skills, gardening, cooking, and other life skills by professional teachers and volunteers from AccorHotels Bali Ė Lombok region.
16. AccorHotels Restructures Major Lease Portfolio in Australia
AccorHotels has reached agreement with a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) to restructure a portfolio of 31 hotels (4,097 rooms) in Australia. The agreement involves a portfolio which was purchased by the ADIA subsidiary in 2013 and operated by AccorHotels.

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