PARIS – Reed Smith advised AccorHotels on the tax aspects of the signing of agreements related to the transfer of 55% of AccorInvest’s capital, subsidiary of AccorHotels, to Colony NorthStar and to public sovereign funds Public Investment Fund (PIF) and GIC. The enterprise value amounts to €6,25 billion.
AccorInvest, global leader of the hotel property sector is setteled in 27 countries and gather 30 000 collaborators and 891 hotels in property and rent.
Reed Smith’s team was composed of Paris tax partner Jean-Pierre Collet and tax counsel Benoît Bernard.