Polish hotel chain Orbis recently signed the purchase of 46 Accor hotels in the region, including 7 in Romania. The deal was worth some EUR 142.3 million. The value of the Romanian portfolio was not announced. The deal had been initially announced in the fall of 2014.

Orbis acquired Accor’s network of 46 hotels in 6 countries: Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia. 38 of them are operational, and 8 projects are in the pipeline, 3 of which to be managed and 5 to be franchised, according to the Polish group.

The recent deal also included a master license agreement, which allows Orbis to operate hotels under the Accor brands in 16 countries, until 2035. The deal includes a 10-year minimum exclusivity.  Orbis is controlled by Accor itself.

With this deal, Orbis runs 100 hotels in the region, and operates in 8 countries. The Accor hotels taken over via this deal operate under the brands Sofitel, Pullman, MGallery, Novotel, Mercure, ibis, ibis Styles and ibis budget. In Romania, a Pullman hotel, a Novotel hotel, four Ibis, and a recently opened Mercure are currently operational.

editor@romania-insider.com