Accor — M&A Activity 2013

Nov 4, 2013

Accor sells its 19.4% stake in TAHL

As part of its asset management strategy, Accor announces the sale of its 19.4% stake in the Tourism Asset Holdings Ltd. (TAHL), Australia's largest hotel owning Company, to the Abu Dhabi Investment Authority (ADIA) for a value of AU\$66m (€46m), and a repayment of AU\$76m (€53m) loans.

TAHL owns 31 hotels in Australia (4,097 rooms), all of which are operated by Accor through lease or management contracts under the ibis, ibis budget, ibis Styles, Mercure, Novotel and Pullman brands. All contracts will be maintained.

Accor, the world's leading hotel operator and market leader in Europe, is present in 92 countries with nearly 3,500 hotels and 450,000 rooms. Accor's broad portfolio of hotel brands – Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, Adagio, ibis, ibis Styles, ibis budget and hotelF1 – provides an extensive offer from luxury to budget. With more than 160,000 employees in Accor brand hotels worldwide, the Group offers its clients and partners 45 years of know-how and expertise.

Charlotte Bourgeois-Cleary Vice President, Global Media Relations Phone: +33 (0)1 45 38 84 84

Elodie Woillez Phone: +33 (0)1 45 38 87 08

MEDIA CONTACTS INVESTOR AND ANALYST CONTACTS

Sébastien Valentin Senior Vice President, Investor Relations and Financial Communication Phone: +33 (0)1 45 38 86 25 Léa Ledermann Investor Relations Phone: +33 (0)1 45 38 86 36