France’s Accor to Purchase Half of SBE Leisure Group

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French hospitality firm Accor SA will take a 50% stake in hotelier Sam Nazarian’s SBE Leisure Group, in line with an individual accustomed to the matter, an funding valued at $319 million.

Accor pays $125 million to accumulate frequent inventory held by grocery store magnate Ron Burkle’s Yucaipa Cos. and actual property funding agency Cain Worldwide, the particular person mentioned, and make investments an extra $194 million to accumulate most well-liked fairness owned by the 2 corporations.



Supply hyperlink – https://www.wsj.com/articles/frances-accor-to-buy-half-of-sbe-entertainment-group-1530223200?mod=pls_whats_news_us_business_f

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