Accor plans Iran joint stock company

Accor Hotels’ Ibis and Novotel in Imam Khomeini International Airport was opened in 2015

Accor Hotels of France is planning to set up a joint stock company in Iran to manage its Iranian hospitality business, the 12th annual Arabian Hotel Investment Conference (AHIC) was told today.

Accor Hotels HotelServices Iran chief operating officer Christophe Landais said he hoped the new entity would be formed in about four weeks. It will be 100 per cent owned by Accor.

Accor became the first foreign hotel operator to re-enter Tehran in October 2015 when it opened a dual-branded property next to Imam Khomeini International Airport (IKIA)

The original Axis hotel has been rebranded ibis IKIA and Novotel IKIA.

“Accor has a strong ambition of developing an extensive network covering all segments: Novotel, Pullman, Sofitel plus Ibis,” Landais said. “We aim to be a leader in this market.”

Senior vice president at Spain’s Melia Hotels International Nima Davoodzadeh said that his company is building a five-star resort hotel on Iran’s Caspian sea-coast. He said it would be completed in 2017.