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AccorHotels has announced today it has begun exclusive negotiations for the acquisition of Travel Keys, a private vacation rental provider.
Founded in 1991, Travel Keys is a travel broker representing a luxury collection of over 5,000 curated villas across more than 100 destinations across the Caribbean, Mexico, Hawaii & the United States, Europe, Asia and Africa.
AccorHotels said the combination of Travel Keys with onefinestay and Squarebreak will provide the company with a “unique offering of about 8,500 addresses in the luxury private rental market, with highly curated properties in both the vacation and urban segments”.
Sebastien Bazin, Chairman & CEO of AccorHotels explained: “We are extremely pleased to have Bobby Gibson [CEO at Travel Keys] and his team join the AccorHotels family. They have built a very robust business over the years that will be instrumental in our strategy to create the number one luxury private rental player in the world.
“Travel Keys brings an impressive portfolio of premium properties to our existing activities. This acquisition further demonstrates our agility and dynamic approach to offer comprehensive services to our clients.”
The acquisition is expected to be completed in the second quarter of 2017.
