Accor-Ascendas Bid Tipped To Secure Mirvac Hotels Portfolio

The joint bid by hotelier Accor and Singapore real estate giant Ascendas has been successful in securing Mirvac Group’s $450m Australian hotel portfolio, according to a report in The Australian newspaper. It has beaten the only other remaining candidate, Eureka Funds Management. The report claimed Accor-Ascendas is now in exclusive due diligence with a deal expected by Christmas. Update: Transaction officially confirmed, see details.

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