Apr
05
AccorHotels of France Buys Onefinestay for $169 Million
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The view from Das Loft, a restaurant atop the Sofitel Vienna Stephansdom in Austria, a hotel owned by AccorHotels. CreditChris Carmichael for The New York Times
AccorHotels, one of Europe’s largest hotel groups, announced on Tuesday that it had bought Onefinestay, a London-based short-term vacation rental company, for 148 million euros, or $169 million.
The move is the latest effort by AccorHotels to expand into the so-called sharing economy after companies like Airbnb, the vacation rental websitenow valued at roughly $24 billion, have made it more popular for people to turn to forms of accommodation other than hotels when traveling on vacation or on business…
AccorHotels of France Buys Onefinestay for $169 Million
