PARIS—John Ozinga, COO of AccorHotels’ ownership and investment division HotelInvest, said his company is eyeing global growth as its parent company wraps up a wave of major mergers-and-acquisitions activity.
AccorHotels, based in Paris, has 15 brands and an overall room count of 511,517. At press time, its market capitalization was €8.6 billion ($9.6 billion).
The company is aggressively growing its lodging footprint with the April buy of alternative accommodations provider Onefinestay and the pending $2.8-billion acquisition of FRHI Holdings Limited, which includes luxury brands Fairmont, Raffles and Swissôtel. When the FRHI merger is finally completed, it will add 115 hotels and 43,000 keys to AccorHotels’ platform.