Accor buys management of 48 Mirvac hotels in Australasia

In the biggest Australasian hotel move of the decade, Accor has entered into contracts to acquire Mirvac Group’s hotel management business and a 21.9 per cent stake in the company’s Mirvac Wholesale Hotel Fund for AUD$255 million.

Video: Accor Chairman Issenberg’s mid-year report card

Accor Asia-Pacific’s Chairman and Chief Operating Officer Michael Issenberg says the chain’s hotels across the region are having a “really good year”, something expected to continue for the remainder of 2011.

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