• 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.
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