Covivio SA (FR:COV) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.