AccorHotels in talks to buy events company Potel & Chabot
Paris, March 30, 2017
AccorHotels and Edmond de Rothschild Investment Partners are now at the negotiation table to acquire Potel & Chabot Group, a French company specialising in high-end corporate and major events.
The proposed transaction will see Edmond de Rothschild and AccorHotels respectively holding 51 per cent and 40 per cent of the share capital.
This transaction will also provide Potel & Chabot to leverage AccorHotels to jointly develop new F&B offers for MICE and local guests through personalised concierge services.
Founded in 1820, Potel & Chabot generates revenues in excess of 100 million euros (US$107.5 million) and counts key events such as the French Open at Roland Garros, the Biennale des Antiquaires, 24 Hours of Le Mans and the Saut Hermès among its portfolio.
The group also has the exclusive management of venues in Paris – Pavillon Vendôme, Pavillon Seine, Pavillon Kléber, Pavillon Gabriel, Hôtel d’Evreux, Pavillon Cambon Capucines and Pavillon Dauphine.