PARIS— Accor has signed a binding pre-agreement with Dr. Herbert Ebertz, the primary shareholder of German hotel-industry leader Dorint AG. Under the terms of the agreement, and following a capital increase approved by Dorint AG shareholders at a shareholders meeting on August 16 in Hamburg, Accor will hold a 26% interest in the German group. Both parties shared objective is increase Dorints financial position while establishing, with the approval by the corporate bodies of Dorint AG, a strategic partnership to develop commercial and managerial ties between Dorints properties and Accors Sofitel, Novotel and Mercure brands. Over the past five years, Dorint AG has acquired a forefront position in the German market by developing four and five-star hotels in all of the countrys main cities. In all, the group operates 91 hotels, of which 75 are in Germany. It also has some 20 properties under construction or in development.
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