Accor
Encyclopedia
Accor is Europe's leading hotel group , part of the CAC 40
index , and operates in over 90 countries. Headquartered in Courcouronnes
, Essonne, France, near Évry, France, the group owns, operates and franchises 4,229 hotels ranging from economy to luxury (as of June 2011) on five continents .
Previously, the group comprised a hotels branch (Accor Hospitality – whose activities are now the group’s core business) and a corporate services branch (Accor Services). Accor Services sold service vouchers to over 430,000 companies and institutions and 30 million users in 40 countries. The company demerge
d its Accor Services unit in 2010 under the name Edenred.
In 1974, they launched the Ibis brand with the opening of the Ibis Bordeaux.
The following year, SIEH acquired the Courtepaille and Mercure brands, and in 1980 the Sofitel hotel brand, which then consisted of 43 hotels.
Two years later, in 1982, the SIEH bought out Jacques Borel International, the then world-leading brand offering restaurant vouchers.
In 1983, the Group, which had restaurant tickets and hotels, changed its name to the Accor Group. In 1984, Dubrule and Pélisson were elected "Managers of the Year" by France’s Le Nouvel Économiste magazine. In 2010, Accor SA sold 48 hotels for 367 million euros ($465 million) as part of a plan to liquidate some real estate holdings including 31 properties in France, 10 in Belgium, and 7 in Germany. This sale that will occur over the next three years will cut debt by about 282 million euros.
In June 2010, the shareholders of Accor approved the demerger of its hotel and voucher businesses. Accor Services became Edenred. The two entities started trading as separate companies on the Paris stock exchange from 2 July 2011. In September 2011, Accor announced a focus on its brands. Ibis becomes the keystone of the Group’s economy brands (All Seasons becomes Ibis Styles, and Formule 1 and Etap brands become Ibis Budget). In 2011, Accor introduced its new brand positioning with the slogan: “Open new frontiers in hospitality.”
The Accor Group continued to expand. In 1985, it launched Hotel Formule 1
brand, offering low-quality accommodation at low prices.
Five years later, in 1990, it acquired Motel 6
in North America ; and thereafter bought the Westin Hotels
and Red Roof Inn
chains, which it later resold to Starwood
and a consortium of Citi’s
Global Special Situations Group and Westbridge Hospitality Fund, L.P. respectively.
In the 1990s, it diversified to include Accor Casinos and in 2004, bought a nearly 30 per cent stake in Club Méditerranée .
Accor remains Europe’s leading hotel group, and has France’s largest number of hotels in the low-, medium- and high-range price brackets in Paris and across the country.
, chairman of NOOS
, the leading cable network in France, and CEO of Euro Disney. He was co-vice-president of the Novotel
brand in 1994.
In September 2007, Gerard Pélisson and Paul Dubrule published a book called Reaching for the Impossible, recounting the expansion of the Group across the world. In 2009, Denis Hennequin joined the Group’s board of directors and replaced Gilles Pélisson as CEO in January 2011.
Board of Directors (January 2011)
Board of Directors' constitution:
(*) : Independent Director
Executive Committee (September 2011)
Executive Committee's composition:
Accor completed the sale of Red Roof Inns in September 2007
Economy brands:
Midscale brands:
Upscale brands:
Luxury brand:
Figures as of September 2011
Other activities:
CAC 40
The CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Paris Bourse...
index , and operates in over 90 countries. Headquartered in Courcouronnes
Courcouronnes
Courcouronnes is a commune in the southern suburbs of Paris, France. It is located from the center of Paris, in the "new town" of Évry Ville Nouvelle, created in the 1960s.-Economy:...
, Essonne, France, near Évry, France, the group owns, operates and franchises 4,229 hotels ranging from economy to luxury (as of June 2011) on five continents .
Previously, the group comprised a hotels branch (Accor Hospitality – whose activities are now the group’s core business) and a corporate services branch (Accor Services). Accor Services sold service vouchers to over 430,000 companies and institutions and 30 million users in 40 countries. The company demerge
Demerger
Demerger is a form of corporate restructuring in which the an entity's business operations are segregated into one or more components. It is the converse of a merger or acquisition....
d its Accor Services unit in 2010 under the name Edenred.
History
In the 1960s, the travel industry in France was booming, but many new hotels were concentrated only in major urban areas such as Paris. At the time, Paul Dubrule and Gérard Pélisson were both living in the United States, working for major computer firms. They went into business together, and in 1967, founded the SIEH (Société d'investissement et d'exploitation hôteliers) hotel group. Having seen the success of American lodging properties in suburban areas and along major highways, Dubrule and Pélisson opened their first American-style Novotel hotel outside of Lille in northern France.In 1974, they launched the Ibis brand with the opening of the Ibis Bordeaux.
The following year, SIEH acquired the Courtepaille and Mercure brands, and in 1980 the Sofitel hotel brand, which then consisted of 43 hotels.
Two years later, in 1982, the SIEH bought out Jacques Borel International, the then world-leading brand offering restaurant vouchers.
In 1983, the Group, which had restaurant tickets and hotels, changed its name to the Accor Group. In 1984, Dubrule and Pélisson were elected "Managers of the Year" by France’s Le Nouvel Économiste magazine. In 2010, Accor SA sold 48 hotels for 367 million euros ($465 million) as part of a plan to liquidate some real estate holdings including 31 properties in France, 10 in Belgium, and 7 in Germany. This sale that will occur over the next three years will cut debt by about 282 million euros.
In June 2010, the shareholders of Accor approved the demerger of its hotel and voucher businesses. Accor Services became Edenred. The two entities started trading as separate companies on the Paris stock exchange from 2 July 2011. In September 2011, Accor announced a focus on its brands. Ibis becomes the keystone of the Group’s economy brands (All Seasons becomes Ibis Styles, and Formule 1 and Etap brands become Ibis Budget). In 2011, Accor introduced its new brand positioning with the slogan: “Open new frontiers in hospitality.”
The Accor Group continued to expand. In 1985, it launched Hotel Formule 1
Hotel Formule 1
Hotel Formule 1 is an international chain of "super low budget" or "no frills" hotels owned by the Accor Group. Rooms rent for around €29 per night.There are in excess of 380 hotels in 13 countries worldwide. As with Etap, most are located in France....
brand, offering low-quality accommodation at low prices.
Five years later, in 1990, it acquired Motel 6
Motel 6
Motel 6 is a major chain of budget motels with more than 1,000 locations in the United States and Canada, and is the largest owned and operated hotel chain in North America. It is owned and operated by Accor Hotels.-History:...
in North America ; and thereafter bought the Westin Hotels
Westin Hotels
Westin Hotels & Resorts are an upscale hotel chain owned by Starwood Hotels & Resorts Worldwide. As of 2011, Westin operated over 160 hotels in 37 countries.-History:...
and Red Roof Inn
Red Roof Inn
Red Roof Inn is an economy hotel chain in the United States. Red Roof Inn properties are often distinguished by the large dark-red shingle roof that gives them their name. There are over 340 Red Roof Inns, primarily in the Midwest, Southern, and Eastern United States...
chains, which it later resold to Starwood
Starwood
Starwood may refer to:* Starwood Hotels & Resorts Worldwide* Starwood Amphitheatre* Starwood Club of Los Angeles, California* Starwood Festival...
and a consortium of Citi’s
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
Global Special Situations Group and Westbridge Hospitality Fund, L.P. respectively.
In the 1990s, it diversified to include Accor Casinos and in 2004, bought a nearly 30 per cent stake in Club Méditerranée .
Accor remains Europe’s leading hotel group, and has France’s largest number of hotels in the low-, medium- and high-range price brackets in Paris and across the country.
Management
In 2006, Gilles Pélisson, nephew of Accor co-founder Gerard Pélisson, took over the group as CEO, replacing former CEO Jean-Marc Espalioux. Accor appointed Serge Weinberg, head of Weinberg Capital Partners, chairman of the supervisory board. In February 2009, CEO Gilles Pélisson was appointed chairman and CEO. Gilles Pélisson had previously been head of Bouygues TelecomBouygues Telecom
Bouygues Telecom is a French mobile phone and Internet service provider company, part of the Bouygues group. Its headquarters, designed by Arquitectonica, are located at the border of Paris and Issy-les-Moulineaux near the River Seine....
, chairman of NOOS
Noos
Noos may refer to* The French TV station see Numericable* North West Shelf Operational Oceanographic System* Never-out-of-Stock...
, the leading cable network in France, and CEO of Euro Disney. He was co-vice-president of the Novotel
Novotel
Novotel is a mid-scale hotel brand within the Accor group. Novotel has close to 400 hotels and resorts in 60 countries, situated in the business districts and tourist destinations of major international cities.-History:...
brand in 1994.
In September 2007, Gerard Pélisson and Paul Dubrule published a book called Reaching for the Impossible, recounting the expansion of the Group across the world. In 2009, Denis Hennequin joined the Group’s board of directors and replaced Gilles Pélisson as CEO in January 2011.
Board of Directors (January 2011)
Board of Directors' constitution:
- Denis HennequinDenis Hennequin-Denis Hennequin:Denis Hennequin is a French businessman and current Chairman and CEO of Accor .-McDonald's:In 1984, Hennequin began his career at McDonald’s as Assistant Director of a Paris-based restaurant...
, Chairman & CEO - Jean-Paul Bailly, Chairman and Chief Executive Officer of the French Post Office (Groupe La Poste)(*)
- Thomas J. Barrack, Founder, Chairman and Chief Executive Officer of Colony Capital LLC
- Sébastien Bazin, Chief Executive Officer Europe of Colony Capital SAS
- Philippe Citerne, Vice Chairman of the Board of Accor and former Chief Operating Officer of Société Générale (*)
- Mercedes Erra, Executive Co-Chairman of Euro RSCG Worldwide (*)
- Sophie Gasperment, Chief Executive Officer of The Body Shop International (*)
- Bertrand Meheut, Chairman of the management board of Canal+ Group (*)
- Virginie Morgon, Director of investment and executive board member of the Eurazeo Executive Board
- Franck RiboudFranck RiboudFranck Riboud born 7 December 1955 in Lyon, is the Chairman and Chief Executive Officer of Groupe Danone. He is the son of Antoine Riboud, the previous CEO, who transformed the former European glassmaker BSN Group into a leading player in the food industry....
, Chairman and Chief Executive Officer of Danone (*) - Patrick Sayer, Chairman of the executive board of Eurazeo
(*) : Independent Director
Executive Committee (September 2011)
Executive Committee's composition:
- Denis HennequinDenis Hennequin-Denis Hennequin:Denis Hennequin is a French businessman and current Chairman and CEO of Accor .-McDonald's:In 1984, Hennequin began his career at McDonald’s as Assistant Director of a Paris-based restaurant...
, Chairman & CEO - Yann Caillère, President and Chief Operating Officer
- Grégoire Champetier, Global Chief Marketing Officer
- Dominique Esnault, Global Chief Operations Support
- Sophie Stabile, Global Chief Financial Officer
- Marc Vieilledent, Global Executive Vice President Asset Management
- Antoine Recher, Global Chief Human Resources Officer
- Pascal Quint, Corporate Secretary
Accor Hospitality
Budget brands:- EtapHotelEtap HotelEtap is a European chain of basic-service budget hotels owned by the Accor Group. There are several branches in major cities and close to transport hubs like the Eurotunnel terminal in Coquelles. The chain competes with chains like Holiday Inn Express and Travelodge in Europe and the UK.-Rooms:The...
/Formule1Hotel Formule 1Hotel Formule 1 is an international chain of "super low budget" or "no frills" hotels owned by the Accor Group. Rooms rent for around €29 per night.There are in excess of 380 hotels in 13 countries worldwide. As with Etap, most are located in France....
/IbisHotel IbisIbis is an international hotel company, owned by Accor hotels. It has 800 hotels in 40 countries around the world, with over 370 in France and most of the remainder elsewhere in Europe...
Budget: 517 hotels in 16 countries - Motel 6Motel 6Motel 6 is a major chain of budget motels with more than 1,000 locations in the United States and Canada, and is the largest owned and operated hotel chain in North America. It is owned and operated by Accor Hotels.-History:...
: 1019 hotels in USA and Canada - Studio 6: 62 hotels in USA and Canada
Accor completed the sale of Red Roof Inns in September 2007
Economy brands:
- IbisHotel IbisIbis is an international hotel company, owned by Accor hotels. It has 800 hotels in 40 countries around the world, with over 370 in France and most of the remainder elsewhere in Europe...
: 919 hotels in 51 countries - All Seasons/Ibis Styles: 131 hotels in 13 countries
Midscale brands:
- Suite Novotel: 3-star hotels in Europe. 28 hotels in 8 countries
- MercureMercure HotelsMercure Hotels are a brand of hotels run by French multinational corporation Accor.Most Mercure hotels are positioned between Ibis and Novotel in the Accor estate. There is also a five star branch of Mercures known as Grand Mercures...
: 681 hotels in 49 countries - Adagio: 33 apartment hotels in 6 countries
- Grand Mercure: 44 apartment hotels in 6 countries
Upscale brands:
- MGallery: 40 hotels in 20 countries centered on four themes: Vision, Design, History and Location.
- Pullman: 55 hotels in 19 countries (by 2015, it will grow to 250 hotels worldwide and will ultimately include more than 300)
Luxury brand:
- SofitelSofitelSofitel is a luxury hotel chain managed by Accor, which opened its first property in Strasbourg in 1964. Its first overseas opening in Minneapolis, USA was in 1974. In 1995 Sofitel had 100 hotels in 40 countries and employed 12500 people....
Hotels and Resorts, including the new top luxury Sofitel Legend historic properties and palaces. 115 hotels in 37 countries.
Figures as of September 2011
Other activities:
- Thalassa Sea and Spa: 15 destinations, 14 thalassotherapy sites, 1 thermal spa, 3 countries
Famous hotels
- Sofitel Winter Palace LuxorLuxorLuxor is a city in Upper Egypt and the capital of Luxor Governorate. The population numbers 487,896 , with an area of approximately . As the site of the Ancient Egyptian city of Thebes, Luxor has frequently been characterized as the "world's greatest open air museum", as the ruins of the temple...
- Sofitel Legend MetropoleSofitel MetropoleSofitel Metropole is a 5 star historic luxury hotel built in 1901 in the French colonial style. It is located at 15 Ngo Quyen Street in Hanoi, Vietnam. The hotel has a rich history and a century long tradition of welcoming ambassadors, writers, heads of state and entrepreneurs including Charlie...
HanoiHanoiHanoi , is the capital of Vietnam and the country's second largest city. Its population in 2009 was estimated at 2.6 million for urban districts, 6.5 million for the metropolitan jurisdiction. From 1010 until 1802, it was the most important political centre of Vietnam...