Accor CEO Weighs Ennismore IPO and Funding for U.S. Growth
Accor CEO Sébastien Bazin said at Skift Global Forum in New York that Ennismore, its luxury-lifestyle joint venture, needs capital to grow in the U.S. and beyond, but the companies have not decided how to fund it. He called a listing a "very complex decision" with many drawbacks, and said another possibility is that Accor could put more money into it. Accor had given itself until the end of this month to announce a decision on its 62% stake in the joint venture, with analysts valuing Ennismore at $3.4 billion to $5.8 billion in a potential IPO.
Impact and considerations
Ennismore's funding path will shape the pace of Accor's U.S. luxury-lifestyle expansion and offers business-travel buyers a read on hotel asset valuations and joint-venture structures.
Key points
- Accor CEO Bazin said Ennismore needs capital to grow in the U.S. and beyond.
- Bazin called a listing a "very complex decision" and said being listed has many drawbacks.
- He said one possibility is that Accor could put more money into the joint venture.
- Accor had given itself until the end of this month to decide on its 62% stake in the joint venture.
- Analysts valued Ennismore at $3.4 billion to $5.8 billion in a potential IPO.
Sources and time
- Primary source
- Skift
- Other sources
- 0
- First source publication
- 26 Sept 2026, 02:09
- Page published
- 26 Sept 2026, 02:22
- Last updated
- 26 Sept 2026, 02:09
- Original links
- Skift Feed：Accor's CEO Weighs 'Complex' Decision on Ennismore IPO and How to Fund U.S. Growth (opens in a new tab)Primary source · en · Published 26 Sept 2026, 02:09