French hospitality giant AccorHotels announced on Monday that it has agreed to acquire Mövenpick Hotels & Resorts from Prince Alwaleed bin Talal’s Kingdom Holding and its partners for a cash amount of CHF 560 mln (€482 mln).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
