Santiago Chile Accor Hotel

It was less than a month ago that AccorHotels confirmed it would buy Swiss-based Movenpick Hotels and Resorts for an estimated $582 million. French hotel companies are not finished yet, and it is not even the first time they have done so in recent years.

AccorHotels has signed an agreement with the shareholders of Chilean Atton Hoteles to acquire the company, which has its sights set on South America. Under the terms of the agreement, it will acquire 80 percent of the assets of the real estate company, with the remaining 80 percent to be acquired by the Chilean group Algeciras. AccorsHotel has a total of €67 million in cash (€89 million) available, including the management company that operates 11 Attons hotels in Chile, Peru, Colombia and Florida. In addition, in exchange for the majority of its shares in the hotel business and a 20 percent stake in Att, accorhotels will also acquire a 50 percent stake in a property and asset - owned in Argentina, Chile and Colombia and an 80-90 percent stake in an operating company with an investment of 5 million euros - on the basis of a 30-year lease.

Most of these properties have been developed organically over the last 40 years, "said Mend, while the transaction will help to strengthen the company's presence in the mid- and upper-end segment. The acquisition follows a series of deals AccorHotels has struck in recent years to expand its size and acquire some of the world's largest companies, including Marriott and Hilton. Last year, it bought Mexico's Grupo Posadas for $275 million in 2012 and integrated 26 properties owned by Brazil Hospitality Group (BHG) into its portfolio. The acquisition was part of an $840 million FRHI Hotels & Resorts deal in 2016 and the purchase of Glasgow-based ResDiary.

To capitalise on Atton's existing brand equity, most of the properties will be consolidated under the AccorHotels brand and in the medium term will be fully renamed Pullman, Novotel, MGallery and Mercure, and could be fully renamed Pullman, Novotels, MGallery and Mercure by mid-year.

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Don't miss the must-see - see the city views from the hotel's rooftop terrace or stroll along the Paseo 21 Mayo promenade and enjoy a beautiful view of the harbor. Nearby is the historic city of Santiago de Chile, home to some of Chile's historic buildings and landmarks. Bebe is the most popular tourist attraction in Santiago, Chile and a must for tourists and locals alike.

The hotel also houses a museum of Nobel Prize winner Pablo Picasso, which offers an interesting insight into the poet's lifestyle. There are also many art galleries, museums and restaurants in the city as well as a number of restaurants and bars.

Designed by Alemparte Barreda Asociados, AC Hotels' first hotel in Chile offers its guests thoughtful spaces, a refined and crafted offering that removes friction from the journey and provides a seamless and intuitive experience. The hotel is decorated in a bespoke style and has minimalist rooms that allow travelers to make the most of the space in every way possible. Santiago is designed to avoid unnecessary embellishment and maximize a sense of openness with free spaces to store luggage and take off chairs.

Known for paying attention to even the smallest needs, the hotel's AC Library has a curated collection of books that exemplify the sensitivity of design. At AC Hotel Santiago's Costanera Center, one of the largest and most prestigious shopping centers in the world, travelers and locals alike will enjoy the curated style of AC Hotels "AC Library. The AC Lounge offers guests breathtaking unobstructed views of Santiago, while the AC Lounge invites both travelers and locals to enjoy expertly prepared cocktails and a clear menu inspired by Spanish tapas. With an aesthetically proportioned space and an open floor plan, the AC Hotel Santiago Costa ERA Center is the first of its kind in Chile.

More About Santiago

More About Santiago