NEW YORK HVS International recently reported that Accor has formed an alliance with Greece-based hotel company Chandris Hotels. Accor will take on the management of Chandris Hotels and acquire a small stake in the company, in exchange for its stakes in the Novotel Athens and the Sofitel Spata Airport. Together, the two companies plan further cooperation and are understood to have identified various properties through which to promote the Ibis brand. (5/29/01)
SOURCE:HVS International