IndiGo, Accor To Acquire Majority Stake In Treebo Hotels

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SUMMARY

The French company claimed that the combined strength of Accor and Treebo will create India’s third-largest hospitality player with over 30,000 rooms

As part of the pact, Treebo will also take the “lead” to develop Accor’s two hotel brands – Ibis and Mercure – in India through a master license agreement

Treebo, which has raised $85 Mn to date, is a budget hotel chain that operates more than 1,000 hotels across 120+ cities

Aviation giant IndiGo’s parent InterGlobe Aviation and French hospitality major…



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IndiGo, Accor To Acquire Majority Stake In Treebo Hotels


SUMMARY

The French company claimed that the combined strength of Accor and Treebo will create India’s third-largest hospitality player with over 30,000 rooms

As part of the pact, Treebo will also take the “lead” to develop Accor’s two hotel brands – Ibis and Mercure – in India through a master license agreement

Treebo, which has raised $85 Mn to date, is a budget hotel chain that operates more than 1,000 hotels across 120+ cities

Aviation giant IndiGo’s parent InterGlobe Aviation and French hospitality major…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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