Covivio SA (FR:COV) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Covivio has successfully completed the reorganization of its hotel ownership with AccorInvest, acquiring full ownership of 43 hotels across France, Belgium, and Germany while transferring 16 to AccorInvest. This strategic move enhances Covivio’s presence in high-value tourist areas and aligns with its strategy of diversifying its hotel operations. The reorganization is part of Covivio’s broader plan to invest in and reposition several hotel properties, supported by a 100 million euro investment in renovations.
For further insights into FR:COV stock, check out TipRanks’ Stock Analysis page.