Covivio: merging with AccorInvest

(CercleFinance.com) - Covivio has announced the completion of the process of consolidating the ownership of hotel properties and goodwill held jointly with AccorInvest, for a total exchange value of almost E800m.


At the end of this operation, which began at end of 2023, Covivio will hold full ownership of 43 hotels in France, Belgium and Germany, and will sell 16 hotels in the same regions to AccorInvest.

This transaction will enable Covivio to strengthen its hotel presence in areas with strong tourist appeal and significant potential for value creation through repositioning and management optimization.


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