Accor buys South American hotel chain for $275 million
Skift Take
Go elsewhere is the mantra for hotel industry expansion. That big "elsewhere" includes the fastest growing travel market of Latin America.
Source: Reuters
Accor has agreed to buy the South American hotel portfolio of Mexican company Grupo Posadas for $275 million as it accelerates expansion in fast-growing emerging markets at a time of muted growth in Europe.
The deal follows Accor's sale of trouble
