FNE approves acquisition of Atton chain by Algeciras and AccorHotels
The agreement consists of the operation of 13 hotels, three projects under construction and 2,259 rooms in Chile, Peru, Colombia and Florida (USA)
The National Economic Prosecutor's Office approved the purchase operation by Inmobiliaria Algeciras Ltda. And Accor Hotels SpA of all the shares of Atton Hoteles Chile S.A., after carrying out the acquisition analysis by both companies.
The international hotel chain AccorHotels and the Chilean group Algeciras, presented a joint offer last May to acquire Atton Hotels, which was accepted by the company's shareholders. The agreement consists of the operation of 13 hotels, three projects under construction and 2,259 rooms in Chile, Peru, Colombia and Florida (USA).
"With the backing of shareholders committed to the industry and the hand of a strategic partner such as AccorHotels, the company enters a new phase of growth and opportunities, which will be very attractive for our investors, owners, guests and collaborators," said Francisco. Levine CEO of Atton Hotels.
AccorHotels is undisputed leader in Latin America, with 335 hotels in operation and a portfolio in development that exceeds 166 properties. World leader in travel and lifestyle and digital innovator, it offers unique experiences in more than 4,500 hotels, resorts and residences, as well as in more than 10,000 of the best private homes in the world. Benefiting from dual experience as an investor and operator, AccorHotels operates in 100 countries.
Meanwhile, Algeciras is an investment, development and business management holding company, linked to Chilean businessman Eduardo Elberg. It has a diversified portfolio of businesses and projects, with participation in the real estate, financial, automotive and food sectors, among others. In the hotel industry, he has developed important projects in Peru, Colombia and the United States, as well as Chile.
Atton Hotels is a hotel chain founded in Chile in 2000, whose model is focused on meeting the needs of the business traveler efficiently. In 2008, fund manager Capital Advisors bought 50% of the company, launching a regional expansion plan. Later he acquired the remaining 50%.