IndiGo, Accor To Acquire Majority Stake In Treebo Hotels

The French company claimed that the combined strength of Accor and Treebo will create India’s third-largest hospitality player with over 30,000 rooms

As part of the pact, Treebo will also take the “lead” to develop Accor’s two hotel brands – Ibis and Mercure – in India through a master license agreement

Treebo, which has raised $85 Mn to date, is a budget hotel chain that operates more than 1,000 hotels across 120+ cities

Aviation giant IndiGo’s parent InterGlobe Aviation and French hospitality major…