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Accor Reportedly Selects Goldman Sachs for Ennismore's US IPO
Summary
French hospitality group Accor SA has reportedly chosen Goldman Sachs to lead a potential U.S. initial public offering for its Ennismore lifestyle hotel unit. The listing could occur as soon as this year, according to people familiar with the matter.
Paris-based hotel operator Accor SA is reportedly moving forward with plans for a U.S. initial public offering of its Ennismore Lifestyle Group. According to a Bloomberg report citing anonymous sources, the company has selected Goldman Sachs Group Inc. to lead the potential offering.
Other investment banks said to be involved in arranging the listing include BNP Paribas SA and JPMorgan Chase & Co., with Societe Generale SA also having a role in the process. A public listing for the hospitality unit could take place as early as this year, the sources indicated.
Ennismore, founded in 2011 by Sharan Pasricha, operates a global portfolio of lifestyle hospitality brands. The group manages over 200 hotels, including well-known names such as The Hoxton and Mama Shelter.
AdAccor formed a joint venture with Ennismore in 2021, taking a 62% majority stake in the company. This move combined Ennismore's brands with Accor's own lifestyle portfolio, creating a major new entity in the sector.