Accor has selected a set of investment banks to structure and arrange a potential U.S. initial public offering for its lifestyle hospitality unit, Ennismore Lifestyle Group Ltd., according to people familiar with the matter. The step reflects Accor's decision to line up financial advisers should the unit pursue a U.S. listing.
Goldman Sachs Group Inc. is reported to be leading the planned offering for the Paris-listed hotel group’s Ennismore unit. BNP Paribas SA and JPMorgan Chase & Co. are also named as arrangers, while Societe Generale SA has been assigned a role on the transaction.
Those familiar with the situation say the proposed flotation could happen as soon as this year. The description provided to market participants characterizes the move as a potential U.S. IPO - indicating that work is under way but that timing and final decisions remain subject to change.
Ennismore was founded in 2011 by Sharan Pasricha and operates a portfolio of lifestyle brands that together account for more than 200 hotels. Among its properties are brands such as The Hoxton and Mama Shelter. In 2021 Ennismore entered a joint venture with Accor, under which Accor took a 62% ownership stake in the business.
The announced banking line-up assigns leadership of the syndicate to Goldman Sachs, with BNP Paribas and JPMorgan serving as arrangers and Societe Generale working on the deal. Beyond those roles, the parties have not disclosed firm timelines or transaction specifics publicly, and the current description emphasizes that the offering remains a possibility rather than a completed decision.
Context and market focus
The matter centers on the hospitality sector and capital markets activity. The banks named are investment banking franchises that would orchestrate the mechanics of a U.S. listing should Accor proceed. The unit at the center of the potential transaction manages lifestyle hotel brands and a portfolio exceeding 200 properties.
Information about deal structure, valuation, or definitive timing has not been provided in the reported accounts. The report attributes details to people familiar with the matter, signaling that arrangements are in progress but not finalized.