The CEO of AccorHotels Asia-Pacific, Michael Issenberg, believes the Australian market could be a suitable fit for the group’s upscale brand with Swiss heritage, Mövenpick Hotels & Resorts. AccorHotels acquired Mövenpick and its portfolio of over 80 hotels and resorts earlier this year. Currently the brand is present in 24 countries, but has not spread its wings Down Under.

AccorHotels has announced has acquired Mövenpick Hotels & Resorts for a cash amount of €482 million.

Marking another milestone in the company’s North African expansion strategy, Mövenpick Hotel du Lac Tunis has opened its doors.