Accor: acquires 100% of sbe's brands
(CercleFinance.com) - Accor is acquiring 100% of sbe's asset-light business, including the Delano, Mondrian, SLS and Hyde brands, and virtually all of the Group's restaurant and bar brands, including Cleo, Fili'a, and Carna by Dario Cecchini.
sbe currently operates 22 hotels, and plans to open another 40, including Major openings such as the Mondrian London and SLS Dubai, planned for 2021.
Meanwhile, Eldridge is acquiring the last two real estate assets still owned by sbe: the Hudson Hotel in New York and the Delano in Miami.
At the same time, Sam Nazarian has acquired 100% of sbe's Disruptive Restaurant Group (DRG) platform, comprising 15 wholly-owned restaurants and nightclubs, and has increased its majority stake in C3, a major player in the foodservice delivery business.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
sbe currently operates 22 hotels, and plans to open another 40, including Major openings such as the Mondrian London and SLS Dubai, planned for 2021.
Meanwhile, Eldridge is acquiring the last two real estate assets still owned by sbe: the Hudson Hotel in New York and the Delano in Miami.
At the same time, Sam Nazarian has acquired 100% of sbe's Disruptive Restaurant Group (DRG) platform, comprising 15 wholly-owned restaurants and nightclubs, and has increased its majority stake in C3, a major player in the foodservice delivery business.
Copyright (c) 2020 CercleFinance.com. All rights reserved.