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The transaction was approved in October by the National Economic Prosecutor's Office (NEF) and is considering the acquisition of 13 Atton-managed hotels in Chile, Peru, Colombia and Florida (USA).
The French company AccorHotels and the Algeciras group, linked to Eduardo Elberg, completed the negotiations for the purchase of the Chilean chain Atton, particularly concerning the Said and Angelini families.
The transaction was approved in October by the National Economic Prosecutor (FNE). 13 Atton-operated hotels in Chile, Peru, Colombia and Florida (USA) will now be part of the AccorHotels network portfolio.
"We are very pleased to have finalized this strategic agreement with Algeciras.With the Atton portfolio, we are completing our offer for customers and employees of our loyalty program LeClub AccorHotels and we will reach our goal of operating 650 hotels more quickly in South America in 2022. We want all Atton employees to feel welcome, AccorHotels, "said Patrick Mendes, CEO of AccorHotels.
The companies did not reveal the amount of the transaction, but in May, when the agreement was announced, it was reported that the sale price was considered a valuation of the company. US $ 365 million
With this acquisition, Chile becomes the first AccorHotels country in the world of operations, after Brazil. AccorHotels will now have its Spanish regional office in Santiago, under the direction of Franck Pruvost, COO Midscale & Economy AccorHotels for Hispanic countries.
"I am very motivated to take up the challenge of integrating teams and a successful project for the region," said the executive.
AccorHotels currently operates 350 hotels in South America and has 166 others. In Chile, the French chain operates, among others, the Sofitel, Novotel and Ibis hotels.
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