French hotel group Accor to set up investment fund for India
Accor, a leading French hotel group, is setting up a investment fund with local partner InterGlobe Enterprises to grow the hotel business in India, aiming between the upper middle class and upscale level.
The group is currently the fourth largest hotel chain operator worldwide, after InterContinental, Marriott and Starwood. In this expansion plan, British Columbia-based asset manager Pacifica Partners will...
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