Covivio Hotels SCA (FR:COVH) 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 Hotels has completed a major consolidation deal with AccorInvest, gaining full ownership of 43 hotels across France, Belgium, and Germany, while transferring ownership of 16 hotels to AccorInvest. This strategic swap enhances Covivio’s hotel management capabilities and strengthens its presence in high-tourist areas, with plans to invest €100 million in renovations. Covivio’s transition from a property investor to an asset manager highlights its ability to extract value from its portfolio.
For further insights into FR:COVH stock, check out TipRanks’ Stock Analysis page.