Close Menu
Hospitality InteriorsHospitality Interiors
  • News
  • Articles
    • Interviews
    • Opening Shots
    • Products
    • Profiles
    • Projects
    • Resources
    • Trends
  • Magazines
    • Design Destinations: June 2025
    • Issue 119 – May/June 2025
    • Design Destinations: April 2025
    • Issue 118 – March/April 2025
    • Design Destinations: Feb 2025
    • Issue 117 – Jan/Feb 2025
    • Issue 116 – Nov/Dec 2024
    • All Recent Issues
  • Sponsored Content
  • Email Newsletters
  • About Us
    • Advertise
    • Contact Us
LinkedIn X (Twitter) Instagram
Hospitality InteriorsHospitality Interiors
Subscribe to Magazine
  • News
  • Articles
    • Interviews
    • Opening Shots
    • Products
    • Profiles
    • Projects
    • Resources
    • Trends
  • Magazines
    1. Design Destinations: June 2025
    2. Issue 119 – May/June 2025
    3. Design Destinations: April 2025
    4. Issue 118 – March/April 2025
    5. Design Destinations: Feb 2025
    6. Issue 117 – Jan/Feb 2025
    7. Issue 116 – Nov/Dec 2024
    8. All Recent Issues
    Featured

    Design Destinations: June 2025

    18 June 2025
    Recent

    Design Destinations: June 2025

    18 June 2025

    Hospitality Interiors: Issue 119 – May/June 2025

    13 May 2025

    Design Destinations: April 2025

    14 April 2025
  • Sponsored Content
  • Email Newsletters
  • About Us
    • Advertise
    • Contact Us
LinkedIn X (Twitter) Instagram
Subscribe to Magazine
Hospitality InteriorsHospitality Interiors
News

Accor doubles down on lifestyle and enters into exclusive negotiations with Ennismore

Nyall McCurrachBy Nyall McCurrach24 November 20205 Mins Read
Share
Facebook Twitter LinkedIn

Accor & Ennismore today announced they are entering into exclusive negotiations to form the world’s leading lifestyle operator in the hospitality sector, focusing on one of the fastest growing segments of the industry. 

Through this all-share merger, a new autonomous and fully asset light entity will bring together an unrivalled portfolio of world class brands, including The Hoxton, Gleneagles, Delano, SLS, Mondrian, SO/, Hyde, Mama Shelter, 25hours, 21c Museum Hotels, TRIBE, JO&JOE and Working From_. The new entity will be headquartered in London and will take the name Ennismore. 

Sharan Pasricha, Founder and CEO of Ennismore and Gaurav Bhushan, CEO of the Accor Lifestyle division will become Co-CEOs of the combined entity, alongside an experienced, highly skilled and international management team coming from the various brands and industries across the globe. Accor will be the majority shareholder of the new entity, with Sharan Pasricha holding a substantial minority position.

At its inception, the combined entity will comprise 12 brands with 73 hotels in operation with a committed pipeline of more than 110 hotels and another c. 70 hotels under active discussion, and over 150 destination restaurant and bars. Based on the current network and pipeline the lifestyle platform should achieve an EBITDA of over c. ‚¬100m by midterm, the project resulting in significant cost synergies of approximately ‚¬15m per year.

In order to form this joint venture, Accor intends to buy out its partners in sbe, Mama Shelter and 25hours. The planned combination also envisages the formation of a new company which will hold all the leased assets under the combined entity’s brands. The deconsolidation of the existing leases will have a ‚¬52m positive effect on Accor’s consolidated net debt in 2020. 

Under the leadership of Sharan Pasricha and Gaurav Bhushan, each brand will retain their unique culture and purpose, supported by dedicated teams and with the full support of their founders, including the Trigano family, founders of Mama Shelter; Christopher Hoffman, founder of 25 Hours; Sam Nazarian, founder of sbe; Laura Lee Brown and Steve Wilson for 21C, and Melissa and Mark Peters for TRIBE.

This new, unified and powerful venture will benefit from an in-house global creative studio, designing award-winning interiors and brand communication; an expert digital and technology team innovating the guest experience; and a team of restaurant and bar specialists crafting unique concepts rooted in their neighbourhoods.

Accor’s Lifestyle operations today represent c.5% of Accor’s fees and over 25% of the pipeline fees. Growth will be accelerated, building on a strong footprint in Europe and the U.S., and a rapidly expanding presence in Asia Pacific, the Middle East and South America supported by Accor’s development teams.

Closing is expected to occur in the first semester of 2021 and is subject to the employee consultation process and customary regulatory authorizations for projects of this type.

Sharan Pasricha, Founder & CEO of Ennismore said: “Over the last nine years, our mission with Ennismore has always been creating hospitality brands that inspire discovery. I’m passionate about how brands make you feel, from the personalised digital experience to the design, and with an incredible team of operators and creatives around me, we have expanded The Hoxton across the globe; reimagined Gleneagles; and crafted unique restaurant and bar concepts. This exciting autonomous entity with Accor – one with culture and brand purpose at its heart – allows us to come together to build on our combined portfolio of unique lifestyle brands, accelerate our growth and explore new markets. I look forward to working with Gaurav and Sébastien on this exciting next chapter as we become an unrivalled player in the hospitality industry.”

Gaurav Bhushan, CEO of Accor’s Lifestyle operations said: “Joining forces with Sharan and Ennismore’s talented teams will be a major step in Accor’s development strategy. With this combination, we are putting together an unrivalled portfolio of unique brands that appeals to owners, partners and guests, supported by the greatest set of talents in the industry, state of the art distribution and tools and a common ambition to continue to grow and innovate. I very much look forward to our journey together.

Sébastien Bazin, Chairman & CEO of Accor said “Lifestyle, entertainment, places with a soul have been at the heart of our development and growth strategy over the last years. Partnering with Ennismore’s founder Sharan and his great teams will take our Lifestyle ambition to a new and exciting level. With this combination, we are leading the hospitality industry by creating the largest and fastest growing ecosystem of world class brands. Lifestyle is a sector fuelled by passionate and daring entrepreneurs, constantly pushing the boundaries of a reinvented vision of travelling the world. I am proud Accor has been able to join forces with many of the most creative and talented ones. This new powerful combination is set to become the engine of our exciting future growth.” 

Previous ArticleOetker Collection Announces its 10th Masterpiece Hotel – The Woodward, Geneva, Switzerland – Opening Spring 2021
Next Article Hyatt and R&F UK announce plans for Park Hyatt London River Thames at Nine Elms
Nyall McCurrach

Read Similar Stories

OBMI unveils design for AMANIE, Abu Dhabi

27 June 2025

art’otel London Hoxton opens The Spa

26 June 2025

Seven Seas Prestige unveils new suite categories onboard

25 June 2025
Latest Content

OBMI unveils design for AMANIE, Abu Dhabi

art’otel London Hoxton opens The Spa

Seven Seas Prestige unveils new suite categories onboard

Sponsored Content

Royal Thai: A history

9 June 2025

Amtico at CDW 25: Three days of floorled inspiration (and a little fizz)

13 May 2025
Get in Touch
  • About Us
  • Advertise
  • Contact Us
  • Subscribe
© 2025 Lewis Business Media. All Rights Reserved.
Lewis Business Media, Suite A, Arun House, Office Village, River Way, Uckfield, TN22 1SL

Privacy Policy | Cookie Policy | Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “ACCEPT ALL”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsREJECT ALLAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Analytics" category .
cookielawinfo-checkbox-functional1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Necessary" category .
cookielawinfo-checkbox-others1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to store the user consent for cookies in the category "Others".
cookielawinfo-checkbox-performance1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to store the user consent for cookies in the category "Performance".
PHPSESSIDsessionThis cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gat_gtag_UA_31822138_191 minuteSet by Google to distinguish users.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
OAID1 yearThis cookie is set when an AdsWizz website visitor have opted out the collection of information by AdsWizz service or opted to disable the targeted ads by AdsWizz.
SAVE & ACCEPT
Powered by CookieYes Logo