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AccorHotels Acquires Paris Head Office Building for EUR 363 Million

Tour Sequana - By Maibp85 - Own work, CC BY-SA 4.0
AccorHotels Acquires Paris Head Office Building for EUR 363 million

Accor Group

AccorHotels announced today the successful closing of the acquisition of the 'Tour Sequana' building, its head office since 2016 located near Paris in Issy-Les-Moulineaux, for an amount of EUR 363 million.

This amount had been determined in 2015, at the signing of the lease contract, which included a call option. The building is currently valued at more than EUR 500 million.
 
The transaction is financed by a EUR 300 million 8-year Green Mortgage Loan, which carries an annual coupon of 1.8%. Established in line with Green Loan Principles, the Green Mortgage Loan benefits from a Second Opinion by the extra-financial rating agency Sustainalytics. The Sequana Tower benefits from a high level of HQE™ certification.
 
The balance of the acquisition price was paid in cash. The acquisition will notably translate into savings of about EUR 20 million per annum in rental charge.



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