Hotelier Sam Nazarian has a new partner from across the pond. Paris-based AccorHotels plans to buy a 50 percent stake in Nazarian’s SBE Entertainment Group for $125 million, according to Hotel Business. Nazarian would continue to own the other 50 percent of the company and also run the company as CEO. AccorHotel’s stake was held in part by Cain International. AccorHotels also plans to invest $194 million in a new preferred debt instrument to redeem […]
source https://therealdeal.com/miami/2018/07/02/accorhotels-to-buy-half-of-sam-nazarians-sbe-entertainment/#new_tab
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