In a deal worth an estimated €142.3m, Orbis will take over 46 hotels run by Accor in capital cities across Central and Eastern Europe, according to a Reuters report. The properties are located in Romania, Hungary, the Czech Republic and Poland. Eight of the 46 hotels are still in the development process. Accor Group is the largest hotel operator in Europe and ranks fourth on the global market with 3,600 hotels in 92 countries.
