AccorHotels Sets Up $1 Billion Fund With Qatar Partner to Focus on Africa

The view from the Fairmont Mount Kenya, which is currently part of AccorHotels’ portfolio in Africa. AccorHotels, along with Qatar’s Katara Hospitality, are investing $1 billion in hotels throughout sub-Saharan Africa over the next five to seven years.

Skift Take: So much for being asset light. However, this strategy does align with previous comments AccorHotels’ CEO has made about wanting to lead in emerging markets, Africa included.

— Deanna Ting

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