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KHC has completed the sale of MHR to AccorHotels KHC has completed the sale of MHR to AccorHotels

Mövenpick Hotels & Resorts Intergrated into AccorHotels

Kingdom Holding Company (KHC) announced that on September 03, together with its partners, it successfully completed the sale of Mövenpick Hotels & Resorts (MHR) to AccorHotels (where KHC is also an investor).

This transaction had previously been announced on April 30 following the signature of contracts.

Kingdom Hotels (Europe), a wholly owned subsidiary of KHC, held a 33.3 percent equity interest in MHR, prior to completion of the transaction.

The transaction was concluded on the basis of an enterprise value for MHR of CHF560 million (USD576.72 million).