KHC announces successful completion of the transaction to integrate 
Mövenpick Hotels & Resorts into AccorHotels

Kingdom Holding Company (KHC) announced that on 3 September 2018, together with its partners, it successfully completed the sale of Mövenpick Hotels & Resorts (MHR) to AccorHotels (where KHC is also an investor).

This transaction had previously been announced on 30 April 2018 following the signature of contracts.

Kingdom Hotels (Europe) LLC, a wholly-owned subsidiary of KHC, held a 33.3% equity interest in MHR, prior to completion of the transaction. The transaction was concluded on the basis of an enterprise value for MHR of CHF560 million.