Following AccorHotels’ completion of its acquisition of Mövenpick Hotels & Resorts on September 3, Olivier Chavy announced on his personal LinkedIn page that he has stepped down from his role as the CEO and president of the Swiss hotel chain with immediate effect.
Chavvy shared that it is with a “mix of emotion, immense gratitude, pride and some sadness” as he leaves his position at Mövenpick, a role that he took up in 2016. “I am going to take that much-needed breather, and then start searching for a new challenge,” he wrote.
AccorHotels has now acquired 100 per cent of Mövenpick’s share capital, and the full brand use rights for the Movenpick Hotels & Resorts brand for all activities related to the hospitality business.
The French hospitality giant currently has 84 properties in Asia and Europe, numbering 20,000 rooms, in Mövenpick’s name. The brand’s global pipeline of 42 signed or proposed properties, scheduled to be opened by December 2021, is now in the control of AccorHotels.
For members of Le Club AccorHotels, the transaction now brings the Movenpick network into the loyalty programme, where members can now earn and redeem points at all Movenpick properties.