News

AccorHotels to Acquire 50 Percent Stake in Sbe

By: Caribbean Journal Staff - July 2, 2018

By the Caribbean Journal staff

Global hotel giant AccorHotels is acquiring a 50 percent stake in sbe, the company behind hotel brands like SLS.

The two sides have signed a letter of intent and entered into exclusive negotiations for AccorHotels to acquire a 50 percent stake in sbe, part of the company’s wider expansion plans.

Sbe, whose global hotel portfolio most notably includes the SLS and Mondrian brands, will continue to be led by founder and CEO Sam Nazarian, based in New York.

“This partnership with AccorHotels marks a new milestone in sbe’s history,” Nazarian said. “The long-term investment by AccorHotels provides sbe, its customers and hotel owners with greater depth and breadth around the world and supports our collective ambition to be the best lifestyle hospitality company in the market.”

Sbe most recently debuted its new SLS Baha Mar in Nassau, part of a continuously expanding regional portfolio.

It is also planning a new SLS-branded property in Cancun, while a new Mondrian is coming to Playa del Carmen.

“I am delighted to announce this strategic partnership with one of the most innovative Groups in the luxury lifestyle space worldwide,” said Sébastien Bazin, Chairman & CEO, AccorHotels . “It marks a new step in expanding AccorHotels’ footprint in this fast growing segment in key US cities such as Miami, Los Angeles or Las Vegas, and in other international destinations. “The new luxury” is all about exclusive experiences and incredible lifestyle concepts and sbe brands have the perfect know-how that will complete perfectly the AccorHotels portfolio. We remain committed to providing all our guests with unparalleled service and always renewed experiences around the world.”

— CJ

Popular Posts w punta cana

A New All-Inclusive W Hotel Is Opening This Year in Punta Cana 

The first-ever all-inclusive W Hotel in the Caribbean is opening this year in Punta Cana, Dominican Republic, Caribbean Journal has learned.  The hotel, part of a broad expansion for parent company Marriott International, is on the list of expected 2024 […]


Why Grenada Is a New Caribbean Luxury Hotspot

beach house silversands

From its world-renowned chocolate to its pristine beaches to a region-leading focus on sustainability, Grenada is as fascinating and unique as destination as you’ll find in the Caribbean.  But in the last few years, the lush Eastern Caribberan island has […]


5 Adults-Only Resorts to Visit Right Now in the Caribbean 

galley bay

Sometimes you just want that extra degree of serenity, of privacy, of seclusion. There is a reason, after all, that adults-only resorts are booming in popularity, particularly in the Caribbean: travelers want to know that when they arrive, they know […]


Related Posts riu resorts

A Guide to Riu Resorts in the Caribbean, From Montego Bay to Aruba

RIU Resorts are located on some of the best beaches of the Caribbean, and the Spanish hotel chain shines with its spacious suites, standard features like in-room drink dispensers, and bright and modern resorts with amenities like spacious pools, spa […]


Cancun Air Passenger Traffic Is Rebounding After a Slow Start to 2024

cancun hilton

Air passenger traffic to Cancun is rebounding after a sluggish start to 2024, according data from ASUR, which manages Cancun International Airport.  The Mexican Caribbean hotspot reported air passenger traffic of 2.738 million in February, a 4.9 percent jump from […]


Recovery of Caribbean Hotel Investment Market "Has Been Surprising"

the beach at the caribe hilton

In reflecting on the heart of the pandemic to now, Fernando Garcia-Chacon is impressed with how well things have bounced back in such a short amount of time. “Back [in 2020], we were hoping that perhaps hotel investments would regain […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You