InnVest Hotels acquires The Algonquin Resort St. Andrews by‑the‑Sea, Autograph Collection and The Algonquin Golf Course
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
As reported earlier in 2022, Accor’s new organizational structure is being implemented progressively throughout the first quarter of the year.
As reported earlier in 2022, Accor’s new organizational structure is being implemented progressively throughout the first quarter of the year depending on local legislation, particularly regarding the obligations to consult staff representatives.
Under the leadership of Sébastien Bazin, group chairman & CEO and Jean-Jacques Morin, group deputy CEO, as of 1st of January 2023, Accor’s operations are now relying on two dedicated divisions: a Premium, Midscale & Economy division and a Luxury & Lifestyle division, both supported by a Group Management Board and a Global Shared Platform delivering expertise and services to both divisions including Digital, Technology and Procurement.
The “Premium, Midscale & Economy” division brings together brands from the Group’s Premium, Midscale and Economy segments and will be structured around four regions.
The executive committee under the leadership of Jean-Jacques Morin as CEO:
The “Luxury & Lifestyle” division is structured around four brand collections, with Raffles & Orient Express; Fairmont; Sofitel MGallery & Emblems and Ennismore.
The executive committee under the leadership of Sébastien Bazin as CEO:
To leverage this new organization of Accor’s operational structure, a group management board chaired by Sébastien Bazin has been set up. This body ensures consistency and alignment between the two divisions, in terms of both the strategic priorities and performance levers.
The group management board is composed as follows:
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
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