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US: Accor is reportedly considering an initial public offering (IPO) for its lifestyle hospitality platform Ennismore.
Founded in 2011 by Sharan Pasricha, Ennismore operates more than 180 hotels under 16 brands. These include The Hoxton, 25hours, Mama Shelter, Hyde, Morgans Originals, among others.
In 2021, Accor formed a joint venture with Ennismore and a year later, sold a stake in the platform to a consortium of Qatari investors. At the time, the deal valued Ennismore at more than $2 billion.
According to a report by Bloomberg, Accor has been in conversation with advisors about the potential listing of Ennismore on the US stock exchange. While discussions are in early stage, there is no certainty it will lead to a transaction.
In the US, Ennismore is growing its footprint having signed locations for The Hoxton in Nashville and a second property in Chicago.
Elsewhere in North America, the Delano, Hyde, Hoxton, and Mama Shelter brands will be introduced in Mexico. Mama Shelter Mexico City and Mexico City, Hyde are expected to open later this year.
Balfour Miami Beach has recently reopened under Morgans Originals, with Delano Miami Beach also due to relaunch in late 2025 following a renovation.
Future global openings include the market debut of TRIBE and JO&JOE in New Zealand, scheduled to launch in Auckland this October and November respectively.
Highlights:
• Accor is considering a US IPO for its lifestyle hospitality platform Ennismore.
• Ennismore operates more than 180 hotels under 16 brands.
• The platform was valued at more than $2 billion in 2022.
• Recent US signings include The Hoxton in Nashville and a second site in Chicago.
• US openings include the Balfour Miami Beach a Morgan’s Original, with Delano Miami Beach due to relaunch in late 2025.
