Accor Is Europe's Largest Hotel Operator And Has A Promising Growth Plan

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About: Accor SA (ACRFF), ACRFY
by: Millennial Dividend Investor
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Millennial Dividend Investor
Long only, long-term horizon, dividend investing
Summary

Accor Hotels is the second largest hotel operator outside the US.

The company has managed to transform its business from an owner-operator to a less capital-intense hotel-manager model.

Accor is following a growth strategy with a strong focus on Asia and China.

If management can achieve its 2022 target, the shares are slightly undervalued. In light of the current market conditions, I would wait though with initiating a new position.

Accor Hotels Overview

France-based Accor (OTCPK:ACRFF) (OTCPK:ACRFY) group is probably mostly unknown to US-investors, but it is the second biggest hotel chain outside the US with almost 2 billion Euros in