ENXTPA:ACHospitality
Could Accor’s (ENXTPA:AC) Potential Ennismore IPO Shift Its Approach to Growth and Liquidity?
Earlier this week, Accor confirmed that its board is evaluating a potential IPO for Ennismore, with the company aiming to retain control while supporting Ennismore’s growth platform; at the same time, Accor noted solid third-quarter RevPAR gains in the Americas alongside continued strength in its Luxury & Lifestyle division, despite weakness in other areas.
An IPO of Ennismore could provide Accor with additional liquidity and operating flexibility, positioning the company to further enhance...