Accor announces Orbis disposal and Mövenpick restructure

French hospitality giant Accor has announced the disposal of its stake in hotel operating company Orbis, as well as the sale and management back agreement of its Mövenpick brand leases.
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French hospitality giant Accor has announced the disposal of its stake in hotel operating company Orbis, as well as the sale and management back agreement of its Mövenpick brand leases.