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Enjoy 10% savings, plus a guest welcome amenity

Newly extended through the dog days of summer

We invite your clients to be inspired at some of our most coveted

locations in North America and take advantage of our newly extended offer through the dog days of summer.

Famous Agents Double
Points Offer

Enjoy 10% off on all THOR rates, plus a guest welcome amenity at our participating hotels. Offer valid on stays booked and consumed between April 1 and August 31, 2019.
From July 1 to September 30,

earn double points on all qualiﬁed room

nights you actualize at participating

Raffles, Fairmont, Swissôtel, onefinestay,
Sofitel and Pullman properties.

Book today under your THR GDS rate access code | Accor GDS master chain code RT

Visit frhi.com/promo/adventureawaits

Special note: Fairmont, Rafﬂes and Swissôtel will be bookable under RT, effective

for more details.

June 28th. At that time, the FW chain code will no longer be active in the GDS.

Participating North American Hotels

BAHAMAS

Fairmont Heritage Place,

MEXICO

Ghirardelli Square, San Francisco
SLS Baha Mar, Nassau**
Ibis Aguascalientes Norte

Ibis Cancun Centro Ibis Chihuahua
Pullman San Francisco

Fairmont San Jose

BERMUDA

Fairmont Miramar Hotel & Bungalows Mondrian Los Angeles**
Fairmont Southampton**

Ibis Culiacan

Ibis Guadalajara Expo Ibis Hermosillo

Soﬁtel Los Angeles

CANADA

Fairmont Grand Del Mar, San Diego Fairmont Austin
Fairmont Empress, Victoria* Fairmont Hotel Vancouver
Ibis Irapuato

Ibis Juarez Consulado

Ibis Los Mochis
Fairmont Dallas
Fairmont Waterfront, Vancouver

Fairmont Paciﬁc Rim, Vancouver

Fairmont Vancouver Airport**

Fairmont Palliser, Calgary

21c Museum Hotel Oklahoma

Fairmont Chicago, Millennium Park Soﬁtel Chicago Magniﬁcent Mile* Swissôtel Chicago*

Ibis Mazatlan Marina Ibis Merida Ibis Mexico Alameda

Ibis Mexico Perinorte

Ibis Mexico Tlalnepantla Ibis Queretaro
Fairmont Hotel Macdonald, Edmonton Fairmont Winnipeg**
21c Museum Hotel Nashville 21c Museum Hotel Louisville*

21c Museum Hotel Cincinnati Fairmont Copley Plaza, Boston**

Novotel Miami Brickell**

Fairmont Chateau Laurier, Ottawa

Fairmont Royal York, Toronto

Novotel Toronto Centre
Ibis San Luis Potosi

Ibis Styles Merida Galerias Ibis Styles Mexico Zona Rosa Ibis Tijuana Zona Rio**

Novotel Mexico City Sante Fe

Novotel Monterrey Valle Hotel Ibis Monterrey Airport Hotel Ibis Monterrey Valle
Novotel Toronto Vaughan

Pullman Miami Airport

Fairmont The Queen Elizabeth, Montreal

Soﬁtel Montreal
Shore Club South Beach, Miami**

Delano South Beach Miami** Hyde Midtown Miami**
Novotel Montreal Airport

Novotel Montreal Centre

SLS Brickell, Miami**
Fairmont Tremblant, Quebec

Fairmont Le Chateau Montebello, Quebec Fairmont Le Chateau Frontenac, Quebec

Fairmont Le Manoir Richelieu, Quebec*
SLS Lux Brickell Miami** SLS South Beach, Miami**

Fairmont Washington, D.C., Georgetown Soﬁtel Washington DC Lafayette Square Fairmont Pittsburgh

PANAMA

Novotel Panama City**

CUBA
UNITED STATES

Soﬁtel Philadelphia
Pullman Cayo Coco**

Fairmont Kea Lani, Maui*
Hudson, New York**
Fairmont Olympic Hotel, Seattle

Fairmont Sonoma Mission Inn & Spa*

Claremont Club & Spa, Berkley

Novotel New York Times Square*

Soﬁtel New York The Plaza, a Fairmont Managed Hotel, New York

*Offer valid April 1 through June 30, 2019 | **Offer valid July 1 through August 31, 2019

Recommended publications

Ibis Budget Average RPS 77.2% BRAND PRESENTATION IBIS BUDGET — 37 PERFORMANCE ACCOR DISTRIBUTION SOLUTION*

WHY INVEST IN IBIS BUDGET Accor Global Development February 2020 BRAND STATUS — BRAND PRESENTATION IBIS BUDGET — 1 Open to adventure Hello to the go-getters, early-risers, the riders and the party lovers. Hello to the movers and shakers, to the real deal finders. Hello to the young and the young at heart, the daring, the street smart. Who can make anywhere their home, while embracing the unknown. Hello to those who find adventure in the everyday And when the night comes, a sweet dream of their stay. SMART FUN COOL EASY GOING BRAND USPs PART OF IBIS FAMILY, N° 1 EUROPEAN BRAND ibis family powerful footprint of 2,200 hotels globally 600 ibis budget hotels in 20 countries, leader in Europe and Brazil and fast growing brand Strong ibis brand awareness ibis budget Cirebon, Indonesia BRAND PRESENTATION IBIS BUDGET — 3 BRAND USPs THE BEST VALUE FOR MONEY OF ITS CATEGORY Best value for money of its category for 65% of travelers Standardized 3 pax bedroom with bathroom Qualitative product markers (Sweet Bed, high-end amenities, tasty breakfast) ibis budget Meudon, France BRAND PRESENTATION IBIS BUDGET — 4 BRAND USPs HIGHLY PROFITABLE BUSINESS MODEL Highest profitability per sqm Ultra limited service offer Super reduced space programming Standardized concept Low staff manning & maintenance BRAND PRESENTATION IBIS BUDGET — 5 NETWORK AND PIPELINE – FIGURES AS OF END 2019 636 HOTELS 63,783 ROOMS 23 COUNTRIES IN 2019 59 NEW HOTELS 7,361 MORE ROOMS BY 2024 Official figures, June 2019 BRAND PRESENTATION IBIS BUDGET — 6 NETWORK AND PIPELINE – FIGURES AS
Orbis Introduces Adagio in Eastern Europe

Press release Warsaw, October 23, 2017 Adagio – the no. 1 aparthotels brand in Europe is in the Orbis Hotel Group portfolio Orbis is launching Aparthotels Adagio ® - a new aparthotel brand on the Eastern European market. Enlarging the brand portfolio by adding Aparthotels Adagio - the European market leader in aparthotels, Orbis Group is diversifying its network development and enters the city-center apartment market as a development acceleration lever. The Master License Agreement with Adagio SAS gives Orbis the right to develop hotels under brand names: Adagio, Adagio access and Adagio premium in 8 countries of Eastern Europe: Poland, Czech Republic, Hungary, Romania, Serbia, Estonia, Latvia and Lithuania. The Master Franchise Agreement has been concluded for a 15 years term with possible extension for successive periods of 5 years giving Orbis the access to the all services, tools, know-how and Adagio SAS support dedicated to Adagio brands. Aparthotels Adagio ®, is the result of a joint venture launched in 2007 by two companies that are market leaders in their respective business lines: the Pierre & Vacances Center Parcs group, No.1 in Europe for holiday residences and AccorHotels, world’s leading travel & lifestyle group and digital innovator. It is a contemporary response to nowadays travelers’ expectations – whether a friend or family trip or a business travel, Adagio is an attractive solution. “Adagio is the best option for those who seek the comfort of an apartment with hotel services for extra convenience. Adagio is a strong brand offering a living space rather than just a hotel room. The brand Adagio is a perfect solution for mid and long term stays: privacy, autonomy and flexibility.
Accor Hospitality: Ibis & Etap Hotels

Accor Hospitality: Ibis & Etap Hotels Sanderson Associates were appointed by Accor Hospitality Etap Coventry to provide highway advice associated with the construction The proposals comprised of demolishing the existing of a new hotel and proposed extensions at a number of 86 bedroom Formule 1 Hotel, which is currently fully existing Hotels. operational and construct a 127 bedroom Etap Hotel on its Accor, one of the world’s leading hotel operators and market current location. The Formule 1 Hotel shared the car park leaders in Europe, is present in 90 countries with 4,200 with the Ibis Hotel, which would remain unaltered by the hotels and more than 500,000 rooms. Accor’s broad portfolio development proposals. Planning approval was granted in of hotel brands - Sofitel, Pullman, MGallery, Novotel, Suite December 2010. Novotel, Mercure, Adagio, Ibis, All seasons, Etap Hotel, Ibis London Gatwick Formule 1, hotelF1 and Motel 6, and its related activities, The proposed development comprised of constructing an Thalassa sea & spa and Lenôtre - provide an extensive offer extension to the existing Ibis hotel which would include from luxury to budget. ground floor and upper level expansion. The ground floor Ibis is Accor’s leading economy hotel brand. Since inaugurating would include a reception, café, bar, office and communal its first hotel in 1974, Ibis has earned a worldwide reputation areas. The upper floor levels would accommodate a total for excellent services at very competitive prices based upon of 15 new bedrooms on each of the four floors, totalling an an international standard offering all the major services of a additional 60 new bed rooms modern hotel, for the best local market value.
HVS Asia-Pacific Hotel Operator Guide Excerpt 2016

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PRESS RELEASE Ibis Styles Hotel Nairobi Westlands- the First 3* Property in Kenya to Attain Safehotels Premium Certification

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Mantis Brand Factsheet Global Hotel Development PDF

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HVS Asia-Pacific Hotel Operator Guide Excerpt 2017

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Participating Hotels ALL Partner Offer Cambodia Ibis Styles Siem Reap

Participating Hotels ALL Partner Offer Cambodia Ibis Styles Siem Reap Raffles Grand Hotel D'Angkor Raffles Hotel Le Royal Sofitel Angkor Phokeethra Sofitel Phnom Penh Phokeethra Laos 3 Nagas Luang Prabang MGallery Ibis Vientiane Nam Phu Pullman Luang Prabang Sofitel Luang Prabang Myanmar Grand Mercure Yangon Golden Ibis Styles Mandalay Centre Ibis Styles Yangon Stadium Mercure Mandalay Hill Resort Mercure Yangon Kaba Aye Novotel Inle Lake Myat Min Novotel Yangon Max Pullman Mandalay Mingalar Pullman Yangon Centrepoint Sofitel Inle Lake Myat Min The Lake Garden Nay Pyi Taw Thailand Avista Grande Phuket Karon Avista Hideaway Phuket Patong Bangkok Hotel Lotus Sukhumvit Baraquda Pattaya MGallery Grand Mercure Asoke Residence Grand Mercure Khao Lak Grand Mercure Phuket Patong Grand Mercure Bangkok Windsor Hotel Muse Bangkok Langsuan Ibis Bangkok Impact Ibis Bangkok Riverside Ibis Bangkok Sathorn Ibis Bangkok Siam Ibis Bangkok Sukhumvit 24 Ibis Bangkok Sukhumvit 4 Ibis Hua Hin Ibis Pattaya Ibis Phuket Kata Ibis Phuket Patong Ibis Samui Bophut Ibis Styles Bangkok Khaosan Ibis Styles Bangkok Ratchada Ibis Styles Bangkok Silom Ibis Styles Bangkok Sukhumvit Ibis Styles Bangkok Sukhumvit 4 Ibis Styles Bangkok Sukhumvit 50 Ibis Styles Chiang Mai Ibis Styles Koh Samui Chaweng Ibis Styles Krabi Ao Nang Ibis Styles Phuket City Mercure Bangkok Makkasan Mercure Bangkok Siam Mercure Bangkok Sukhumvit 11 Mercure Bangkok Sukhumvit 24 Mercure Chiang Mai Mercure Koh Chang Hideaway Mercure Koh Samui Beach Resort Mercure Pattaya Mercure Pattaya Ocean Resort
List of Green Hotels and Event Venues

BCA List of Green Hotels S/N Project Name Awards Postal Code 1 Amara Sanctuary Resort Sentosa Platinum 099394 2 Carlton City Hotel Singapore Platinum 078862 3 Copthorne King's Hotel Platinum 169632 4Courtyard Singapore Novena Platinum 329568 5 Furama City Centre Platinum 059804 6 Furama RiverFront, Singapore Platinum 169633 7 Genting Hotel Jurong Platinum 608516 8 Grand Copthorne Waterfront Hotel Platinum 169663 9 Grand Park City Hall Hotel Platinum 179809 10 Great World Serviced Apartments Platinum 239404 11 Holiday Inn Express (88 East Coast Road) Platinum 423371 12 Holiday Inn Express Singapore Orchard Road Platinum 229921 13 Holiday Inn Express, Clarke Quay Platinum 059573 14 Hotel Boss Platinum 199020 15 Hotel Indigo Singapore Katong Platinum 428788 16 Hotel Jen Orchardgateway Platinum 238858 17 ibis Singapore Novena Platinum 329543 18 JW Marriott Hotel Singapore South Beach Platinum 189763 19 King's Centre Platinum 169662 20 M Social Hotel Platinum 238259 21 Marina Bay Sands Platinum 018956 22 One Farrer Hotel & Spa Platinum 217562 23 PARKROYAL on Kitchener Platinum 208533 24 PARKROYAL on Pickering Platinum 058289 25 Sheraton Towers Singapore Hotel Platinum 228230 26 Sofitel Singapore City Centre (Tanjong Pagar Centre) Platinum 078885 27 Sofitel So Singapore Platinum 068876 28 Swissotel Merchant Court, Singapore Platinum 058281 29 The Singapore EDITION hotel (Boulevard 88) Platinum 248651 30 Treetops Executive Residences Platinum 258355 31 Village Hotel Albert Court Platinum 189971 32 W Singapore Sentosa Cove Platinum 098374 PLUS
Participating Hotels - Fixed Members' Rate Northern Europe -10%

participating hotels - Fixed Members' Rate Northern Europe -10% Hotel Code Hotel Name Country Brand H7309 ibis Yerevan Center ARMENIA IBIS H5210 ibis Bregenz AUSTRIA IBIS H1917 ibis Graz AUSTRIA IBIS H5174 ibis Innsbruck AUSTRIA IBIS H1722 ibis Linz City AUSTRIA IBIS H3748 ibis Salzburg Nord AUSTRIA IBIS H3747 ibis Wien City AUSTRIA IBIS H8564 ibis Wien Hauptbahnhof AUSTRIA IBIS H2736 ibis Wien Messe AUSTRIA IBIS HB3Y1 ibis Styles Klagenfurt am Woerthersee AUSTRIA IBIS STYLES HB426 ibis Styles Parndorf Neusiedler See AUSTRIA IBIS STYLES H9034 ibis Styles Wien City AUSTRIA IBIS STYLES HB1C2 ibis Styles Wien Messe Prater AUSTRIA IBIS STYLES H5742 Hotel Mercure Graz City AUSTRIA MERCURE HOTEL HA0Q7 Hotel Mercure Raphael Wien AUSTRIA MERCURE HOTEL H0984 Hotel Mercure Salzburg City AUSTRIA MERCURE HOTEL H9959 Hotel Mercure Vienna First AUSTRIA MERCURE HOTEL H1568 Hotel Mercure Wien City AUSTRIA MERCURE HOTEL H5358 Hotel Mercure Wien Westbahnhof AUSTRIA MERCURE HOTEL H0781 Hotel Mercure Wien Zentrum AUSTRIA MERCURE HOTEL H1276 Hotel Am Konzerthaus Vienna - MGallery AUSTRIA MGALLERY H6154 Novotel Wien City AUSTRIA NOVOTEL H8565 Novotel Wien Hauptbahnhof AUSTRIA NOVOTEL H3720 Novotel Suites Wien City Donau AUSTRIA NOVOTEL SUITES H6599 SO/ Vienna AUSTRIA SO BY SOFITEL HA1L0 ibis Baku City AZERBAIDJAN IBIS HA593 Fairmont Baku Flame Towers AZERBEIJAN FAIRMONT HB5M6 Adagio Access Brussels Delta BELGIUM ADAGIO ACCESS H1453 ibis Antwerpen Centrum BELGIUM IBIS H1047 ibis Brugge Centrum BELGIUM IBIS 1 page of 25 / 20.07.2021 participating hotels - Fixed
HOTEL INVESTMENT in the IBERIAN PENINSULA Expansion & Evolution What’S Next?

HOTEL INVESTMENT IN THE IBERIAN PENINSULA Expansion & Evolution What’s Next? SEPTEMBER 2019 CONTENTS INTRODUCTION 03 IBERIAN PENINSULA - HOTSPOT FOR HOTEL INVESTMENT 05 Transaction Activity Momentum Expansion Outside the Core Maturing Markets Rise of Foreign Institutional Investors Evolution of Investment Forms Compressing Yields HEALTHY HOTEL PERFORMANCE FUELLED BY BUOYANT TOURISM 20 Decade of Growth Tourism Boom Hotel Supply - Big & Evolving EVOLVING NATURE OF THE HOSPITALITY SECTOR 39 The emergence of soft brands The rise of affordable lifestyle brands A new generation of hostels Innovative extended-stay concepts Expansion of shared accommodation platforms What do Millennials in Iberia Expect from Hotels? SHORT-TERM ACCOMMODATION APARTMENTS LEGAL & TAX OVERVIEW 56 Tourist Apartments in Spain Short-Term Accommodation Apartments in Portugal REITS IN IBERIAN PENINSULA LEGAL & TAX FRAMEWORK 60 “SOCIMI” - Spanish REIT “SIGI” - Portuguese REIT WHAT’S NEXT? 66 Market Outlook AUTHORS & OTHER CONTACTS 68 ABOUT THE CONTRIBUTORS 69 H10 Cubik Barcelona The tourism sector is one of the fastest-growing industries in the world, increasingly capturing interest from investors. INTRODUCTION We welcome you to our joint Cushman & Wakefield / since 2015, while Portugal took 12th place and continues CMS report ‘Hotel Investment in the Iberian Peninsula*: to rise up the ranks. Expansion & Evolution – What’s Next?’ In this report, we will explore the key investment trends in The tourism sector is one of the fastest-growing Iberia, analyse the underlying performance drivers across industries in the world, increasingly capturing interest all major sub-markets and discuss the innovative trends from investors attracted by the premium returns and shaping the local hospitality sector. We will also provide positive long-term prospects.
English Translation for Information Purposes Only

ENGLISH TRANSLATION FOR INFORMATION PURPOSES ONLY CONTRIBUTION AGREEMENT GOVERNED BY THE LEGAL REGIME APPLICABLE TO DEMERGERS BETWEEN ACCOR AND ACCORINVEST DATED MAY 18, 2017 2 284 740.2 BETWEEN: - Accor, a French société anonyme (joint-stock company) with share capital of €854,428,095 that has its registered office at 82, rue Henri Farman, 92130 Issy-les-Moulineaux, France and is registered with the Nanterre Trade and Companies Register under number 602 036 444 (referred to hereafter as "AccorHotels" or the "Contributor"), On the one hand, AND - AccorInvest, a société par actions simplifiée (simplified joint-stock company) with share capital of €65,415 that has its registered office at 2, rue de la Mare Neuve, 91000 Evry, France and is registered with the Evry Trade and Companies Register under number 420 462 046 (referred to hereafter as "AccorInvest" or the "Contributee"), On the other hand. (AccorHotels and AccorInvest may be referred to hereafter individually as a "Party" and together as the "Parties") RECITALS A. The Contributor is a French société anonyme (joint-stock company) registered with the Nanterre Trade and Companies Register under number 602 036 444. Its fiscal year commences on January 1 and ends on December 31 of each year. B. The Contributee is a French société par actions simplifiée (simplified joint-stock company) registered with the Evry Trade and Companies Register under number 420 462 046. Its fiscal year commences on January 1 and ends on December 31 of each year. C. The Contributor holds 4,361 shares of the Contributee, representing the Contributee's total capital and voting rights.