Accor CEO Considers Ennismore Listing and U.S. Growth Funding
Accor CEO Sébastien Bazin said the company has not yet determined how to fund Ennismore's growth in the United States. He described a potential Ennismore IPO as a complicated choice with notable disadvantages, while also raising the possibility that Accor could increase its investment. Accor had aimed to decide by the end of September on its 62% stake in the joint venture, which analysts estimated could be worth $3.4 billion to $5.8 billion in an IPO.
Accor chief Sébastien Bazin told a New York industry audience that Ennismore, its premium lifestyle hotel venture, requires fresh capital to expand across America and other regions. He called a public offering a difficult route with significant downsides, and noted Accor might instead commit additional funds.
Accor holds 62% of Ennismore and had planned to settle its approach by September’s close. Analysts estimate an IPO could value the business between $3.4 billion and $5.8 billion. Ennismore is viewed as Accor’s strongest avenue for deeper U.S. presence, though no financing method has been finalized.
If Accor funds Ennismore’s U.S. expansion, travelers could gain more lifestyle lodging choices, while hotel staff, suppliers, and host communities may see new jobs and visitor spending. An IPO or larger Accor investment might also affect investors and partners by changing ownership and growth incentives. The outcome remains uncertain, so any social benefits or strains—such as local housing and infrastructure pressures—would likely depend on where and how quickly new properties open.