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AccorHotels of France Buys Onefinestay for $169 Million

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08/04/2016

The New York Times

AccorHotels, one of Europe’s largest hotel groups, announced on Tuesday that it had bought Onefinestay, a London-based short-term vacation rental company, for 148 million euros (169 million dollars). The move is the latest effort by AccorHotels to expand into the so-called sharing economy after companies like Airbnb have made it more popular for people to turn to forms of accommodation other than hotels when traveling on vacation or on business.

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