Accor entered into exclusive negotiations with Valesco Group for the sale of its Paris headquarters building, Sequana Tower, for €465 million.
The disposal is subject to a 12-year sale and leaseback arrangement. The transaction will undergo the usual due diligence procedures and is expected to complete by the end of 2022. It is a continuation of the Group's asset-light strategy, which aims to simplify Accor's balance sheet structure.
