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Travel + Leisure Agrees To Acquires The Vacation Ownership Business Of Global Hospitality Giant Accor For $48.4M

Author: Benzinga Newsdesk | January 31, 2024 02:25am

Travel + Leisure Co. vacation ownership segment grows with the acquisition of the vacation ownership business of global hospitality group, Accor, for US$48.4 million
Deal is expected to be immediately accretive to Travel + Leisure Co. upon closing
Continues delivering on the Travel + Leisure Co. strategic priority of vacation brand portfolio expansion
Acquisition of existing business helps the two companies establish a relationship to develop new timeshare products in the Asia Pacific, Middle East, Africa and Turkey regions under the Accor Vacation Club brand, leveraging the Travel + Leisure Co. global platform

Posted In: ACCYY TNL