• Accor buys Mama Shelter stake

Accor is acquiring a 35% stake in budget chic hotel chain Mama Shelter. The deal will help the French chain expand internationally, with a target of 20 hotels over the next five years. 

Mama Shelter has a site in Los Angeles due to open in February 2015, with other international city locations planned. The deal gives the brand access to Accor’s development and distribution network.
Read the full story here:
http://www.accor.com/fileadmin/user_upload/Contenus_Accor/Presse/Pressreleases/2014/UK/20141028_pr_accor_has_acquired_a_stake_in_mama_shelter.pdf
 
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