De Pardieu has advised Covivio on the finalization of the consolidation process of the ownership of the premises and businesses of hotels conducted in partnership with the AccorInvest group.
At the end of this transaction, initiated at the end of 2023, Covivio has acquired the shares of companies owning and operating 43 hotels located in France, Belgium and Germany in consideration for the sale to AccorInvest of the premises of 16 hotels located in the same territories.
Covivio, through its subsidiary Covivio Hotels, owned the premises of 54 hotels leased to the AccorInvest group. The AccorInvest group owned and operated the businesses of these hotels, signing long-term management agreements with the Accor group.
Thanks to this acquisition, Covivio continues to strengthen its hotel activity towards an increasingly diversified model (assets leased, assets operated via premises/businesses ownership).