ACCOR has opened its 300th hotel in the Asia Pacific region with the launch of the Grand Mercure Xidan Beijing in China.
The 296-room Grand Mercure Xidan Beijing was formerly the Marco Polo and is a well-established hotel in a prime location in the Xidan commercial and shopping area of
The Grand Mercure extends Accor’s
Other Accor hotel projects in
Accor’s Asia Pacific chairman David Baffsky said Asia Pacific was one of Accor’s global priorities for future development.
“There is vast potential in the Asia Pacific region – particularly
“It is fitting that the 300th hotel is located in
The re-branding of Grand Mercure Xidan Beijing follows a record 2006, during which the hotel operator’s Asia Pacific hotel network grew by 21%, adding 53 hotels in 12 countries including
The expansion included significant new hotel openings covering all seven hotel brands that Accor operates in the region: Sofitel, Grand Mercure, Novotel, Mercure, All Seasons, Ibis and Formule 1.
In addition, Accor currently has a further 95 hotels committed to open over the next two years, with
Accor’s Asia Pacific managing director Michael Issenberg said in the past two years Accor has entered into a number of major joint-venture arrangements for development of hotels across the region, with a major emphasis on our economy brands.
“In
Accor currently manages 17 Grand Mercure hotels and resorts around Asia Pacific, with another six to open before the end of 2007.
Accor recently announced an operating profit before tax and non recurring items of €727 million, up 28%.
Australian Property Journal
