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Accor Signs Six-Ibis China Deal

March 2, 2006 By: Camie Foster Travel Agent

Accor has signed an agreement to manage six new hotels bearing the Ibis brand in Sichuan province. The hotels will be developed at a total cost of $150 million. Three will be in Chengdu; the others will be in nearby Yi Bing, Ya An and De Nang. This announcement comes on the heels of word that Accor will manage a new 440-room hotel, the Sofitel [email protected] 16. That hotel will comprise the second phase of a casino development, the first phase of which is set to open at the end of this year. The hotel is slated to open late next year.

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