Accor divests Paris hotel to Bouygues for EUR 77m

French hotel group Accor has announced the sale of the Pullman Paris Rive Gauche hotel to Bouygues Immobilier for EUR 77 mln.

The 617-room hotel, whose operating performance and technical standards fall below Accor's requirements, is due to be shut down later this year.

In a statement on Thursday, Accor said the deal confirms its ability to actively manage its assets, in line with a strategy of reducing adjusted net debt by EUR 2.2 bn by 2015.