AccorHotels has announced that it has begun exclusive negotiations for the acquisition of 100 per cent of Travel Keys, a leading player in the private vacation rental market. The transaction is expected to close in 2Q2017 after customary due diligence.
Founded in 1991, Atlanta-based Travel Keys is an elite travel broker representing a luxury collection of over 5,000 highly curated villas across more than 100 destinations across the Caribbean, Mexico, the US, Europe, Asia and Africa, offering professional vacation planning and 24/7 concierge services.
Along with AccorHotels' earlier acquisition of onefinestay and Squarebreak, the latest Travel Keys deal will give the French hospitality group around 8,500 addresses across resorts and cities in the luxury private rental market.
Sebastien Bazin, chairman & CEO of AccorHotels, commented: “Travel Keys brings an impressive portfolio of premium properties to our existing activities. This acquisition further demonstrates our agility and dynamic approach to offer comprehensive services to our clients.”
Bobby Gibson, CEO of Travel Keys, stated: “We feel a strong link with the AccorHotels’ teams, and share in the vision of both Sebastien Bazin and the private rental leaders at AccorHotels about the future of our industry. We are very enthusiastic about this partnership, writing a new and exciting chapter of Travel Keys’ story.”