AccorHotels and French investment firm Edmond de Rothschild are in exclusive talks to buy upmarket conference and hospitality company Groupe Potel & Chabot.
The acquisition will further strengthen Accor’s hospitality business and follows from Accor’s recent $2.7 billion takeover of FRHI Holdings, which owns the Fairmont, Raffles, and Swissotel brands.
Potel & Chabot Group was founded in 1820 and generates revenues €100 million ($105 million)
AccorHotels deputy chief executive Sven Boinet said a deal would ‘result in numerous opportunities’.
He said: "The partnership of AccorHotels with Potel & Chabot – a legendary luxury brand which offers a wide range of services to a vast network of partners, made up of high-end clients, large corporates and major events – brings a complementary dimension and expertise to our F&B and event organisation strategy.
"Moreover, the combination of their knowledge with our leading positions in luxury hospitality, private rental and concierge services will provide our clients with unique services and expertise regarding tailor-made events."
