Moevenpick Hotels & Resorts
Welcome to Mövenpick Hotels & Resorts
A passion for making moments
Mövenpick Hotels & Resorts is a modern, upscale hospitality company that is passionate about ‘making moments’, recognizing that small gestures make a big difference to our guests, our owners and our people. We do ordinary things in an extraordinary way – a philosophy that has defined our brand’s success from the very start.
A global firm with Swiss roots and a restaurant and hospitality heritage that dates back to the 1940s, our approach to service has remained consistent; warm, intuitive, personal and uniquely ‘Mövenpick’. We also embrace innovation to meet ever-changing guest needs and continue to celebrate our rich culinary legacy, setting trends but never compromising on quality and authenticity. An international company with a growing footprint, we take a sustainable and responsible approach, caring for local communities and protecting the environment in the destinations where we operate.
Mövenpick’s story is one of inspired thinking, which in the 1940s when the brand was conceived, revolutionised the European restaurant industry and introduced a new style of modern hospitality that was truly ahead of its time. For the company’s late founder Ueli Prager, the secret to running a business was uncomplicated and unpretentious: “We aren’t doing anything extraordinary,” the legendary Swiss hotelier was fond of saying. “We are simply successful because we are doing quite normal things in an extraordinary manner.” This marked the start of an unparalleled success story for Mövenpick, a brand that has been synonymous with culinary and hospitality excellence for more than seven decades.
Facts and Figures
Mövenpick Hotels & Resorts is one of the world’s most reputable upscale hotel management companies. Since it was established in 1973, the hospitality firm has expanded its international presence and today, manages 20,000-plus rooms in more than 82 hotels across Africa, Asia, Europe and the Middle East. With ambitious plans to further expand its footprint across these continents, the company is on track to meet its target of operating 125 properties by 2020. The company’s global workforce of 16,000 hospitality professionals are trained to ensure Mövenpick’s traditional Swiss values are always upheld, guaranteeing the 7.5 million guests who stay with us every year are well looked after.
Accor completes acquisition of Mövenpick Hotels & Resorts
Accor announces the completion of its acquisition of Mövenpick Hotels & Resorts. The Enterprise Value (EV) represents CHF 560M (€482M) and encompasses 100% of Mövenpick company’s share capital, as well as ownership of the Mövenpick brand for all activities related to the hospitality business.
The transaction illustrates Accor ambition to seize tactical opportunities to strengthen its positions and consolidate its leadership, as well as to leverage growth. As an asset-light business, the acquisition of Mövenpick is perfectly aligned with Accor strategy.
Comprised of 84 properties with over 20,000 rooms and 42 signed pipeline hotels to be opened before December 2021, the Mövenpick network consolidates Accor footprint in Europe and Asia while accelerating growth in Africa and the Middle East, where Mövenpick enjoys significant brand awareness.
Sébastien Bazin, Chairman and CEO of Accor, said, “With a footprint in more than 20 countries, we strongly believe Mövenpick represents a strategic opportunity to bring synergies and new developments in key areas. Mövenpick’s European-Swiss heritage and its combination of modernity and authenticity embodied by committed and talented teams fit perfectly with Accor core value. Along with our new partners and thanks to our strengthened brand offering further enhancing the variety of experiences available to our clients, we look forward to a rewarding future together.”
Mövenpick Hotels & Resorts will benefit from Accor loyalty program, distribution channels and operating systems that will ultimately serve to improve top-line performance across the network. A highly reputable hotel brand, Mövenpick is uniquely positioned to complement Accor portfolio.