ACCOR sells its stake in luxury French hospitality and casino group LUCIEN BARRIERE

ACCOR sold this weekl its 34% stake in French luxury hotel and casino group Lucien Barriere for EUR 186 million to Fimalac a company involved in real estate and entertainment. Lucien Barriere owns a network of casions in France as well as a chain of premium and luxury hotels which includes the prestigious five star Fouquet’s Barriere Hotel in Paris, Majestic in Cannes and Naoura Barriere in Marrakech. Accor considered its participation in Lucien Barriere as non strategic.