French hospitality group Accor is reportedly exploring the possibility of listing its lifestyle hotel business Ennismore on the US stock market.
The group is in discussions with consultants regarding an initial public offering (IPO), aiming for a billion-dollar valuation, as reported by Bloomberg, citing people familiar with the matter.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to the publication, these talks are preliminary and there is no guarantee they will result in an IPO, added the sources, who requested anonymity due to the confidentiality of the information.
Founded in 2011 by Sharan Pasricha, Ennismore operates more than 180 hotels under various brands, encompassing Mondrian, Morgans Originals, The Hoxton, Hyde, and 25hours Hotels.
In 2021, Ennismore entered a joint venture with Accor, encompassing a portfolio of hotels, restaurants, and nightlife venues.
The following year, Accor sold a stake in Ennismore to a Qatari consortium, establishing a valuation of over €2bn ($2.3bn).
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataGlobal operations of the hospitality group include more than 5,700 hotels worldwide, with a diverse portfolio of over 45 brands such as Orient Express, Banyan Tree, Grand Mercure, Emblems, and Novotel, among others.
The group continues to expand, with the Emblems Collection announcing the addition of three new properties in Italy, expected to open by mid-2026.
Earlier this year, Accor also expanded its presence through an agreement with Bayview International Hotels & Resorts, which will see the management of three properties in Australia and New Zealand.
