A Major Purchase For Accor In Asia-Pacific

Accor has acquired Australian hotel management company Mirvac Hotels & Resorts for €149 million. Mirvac has 48 hotels (including two owned hotels) across Australia and New Zealand, and the deal brings Accor's portfolio in these two countries up to 241 hotels (32,500 rooms). Accor has also paid €46 million for a 21.6% stake in investment vehicle Mirvac Wholesale Hotel Fund (MWHF), which owns seven of the 48 hotels. Additionally, it is also reported that Accor and Singapore-based real estate developer Ascendas plan to jointly acquire Mirvac's 49.2% stake in MWHF. The deal is expected to be completed in the first half of 2012 and most of the

In 2009 Amsterdam is an Art Town. The municipality is brimming over with cultural attractions. There are a tremendous tier of unforgettable exhibitions for you to visit. The Hermitage Amsterdam reopened and the new Stedelijk Museum will be aperture its doors to the noted in 2010. Amsterdam has always been a important cultural centre, with top attractions such as the Rijksmuseum and the Van Gogh Museum. The foot in the door of the Hermitage Amsterdam and the moving compass of fashionable exhibitions will garner a assail to Amsterdam an finished must in 2009. Hermitage Amsterdam is the most eminent ramification of the internationally...

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