primary sources . please improve this by adding secondary or tertiary sources . june 2016 learn how and when to remove this template message accorhotels type soci t anonyme traded as euronext ac lse 0h59 industry hospitality tourism founded 1967 ; 49 years ago 1967 headquarters paris france key people sebastien bazin chairman and ceo products hotels and resorts revenue 5.45 billion 2014 1 operating income 578 million 2014 1 profit 223 million 2014 1 number of employees 180 000 2014 1 website www.accorhotels group.com accorhotels formerly known as accor s.a. is a french multinational hotel group 2 part of the cac 40 index 3 which operates in 94 countries . 4 headquartered in paris france the group owns operates and franchises 3 700 hotels spanning all inhabited continents representing several brands from budget and economy lodgings to five star hotels . 5 contents 1 history 2 women at accor generation waag 3 management 4 offices 5 economy brands 5.1 former economy and budget hotels 6 midscale brands 7 upscale brands 8 luxury brands 9 thalassa sea and spa 10 mirvac hotels & resorts acquisition in australia 11 references 12 external links history edit in 1967 paul dubrule and g rard p lisson founded the soci t d investissement et d exploitation h teliers sieh hotel group and opened the first novotel hotel outside lille in northern france . 6 in 1974 they launched the ibis brand with the opening of the ibis bordeaux . 6 the following year sieh acquired the courtepaille and mercure brands and in 1980 the sofitel hotel brand which then consisted of 43 hotels . 6 in 1982 the sieh bought jacques borel international the then world leading brand offering restaurant vouchers . 6 in 1983 the group which had restaurant tickets and hotels changed its name to the accor group . 6 in 1985 it launched hotel formule 1 brand offering basic accommodation at low prices . 7 in 1990 it entered the north american market by acquiring motel 6 ; 8 and later the red roof inn chain which it later sold to starwood and a consortium of citi s global special situations group and westbridge hospitality fund l.p. 9 respectively . in the 1990s it diversified to include accor casinos and in 2004 bought a nearly 30 per cent stake in club m diterran e. 10 in june 2010 the shareholders of accor approved the demerger of its hotel and voucher businesses . accor services became edenred . the two entities started trading as separate companies on the paris stock exchange from 2 july 2011 . 11 in 2011 accor introduced its new brand positioning with the slogan open new frontiers in hospitality . 12 in november 2013 accor redefined its group business model on two core competencies hotel operator and brand franchisor hotelservices and hotel owner and investor hotelinvest . 13 in october 2014 accor transferred management of its central european operations to orbis . 14 in december 2014 accor announced an alliance with huazhu china lodging to accelerate expansion in china . 15 in june 2015 accor became accorhotels and adopted a new slogan feel welcome . 16 in december 2015 accor announced the purchase for us 2.9 billion in cash and shares of frhi hotels & resorts the owner of the fairmont raffles and swiss tel chains . the transaction will add landmark properties such as the savoy hotel in london raffles hotel in singapore and the plaza hotel in new york to accor s luxury and high end hotel portfolio . 17 women at accor generation waag edit in 2012 accor launched its international women s network aimed at helping the company to reach its gender parity goals women at accor generation waag . 18 accor has set a target for women to represent about 50 % of its hotel managers worldwide with an intermediary target of 35 % by 2015 . 19 management edit in 2006 gilles p lisson nephew of accor co founder gerard p lisson took over the group as ceo replacing former ceo jean marc espalioux . 20 accor appointed serge weinberg head of weinberg capital partners chairman of the supervisory board . 21 in february 2009 ceo gilles p lisson was appointed chairman and ceo . 22 gilles p lisson was co vice president of the novotel brand in 1994 . 23 in 2009 denis hennequin joined the group s board of directors and replaced gilles p lisson as ceo in january 2011 . 24 he stepped down in april 2013 and yann caill re was appointed ceo for a transitional period . 25 in august 2013 sebastien bazin was named chairman and ceo replacing yann caill re who left the group . 26 board of directors february 2015 27 sebastien bazin chairman and ceo philippe citerne vice president of the board jean paul bailly former chairman and chief executive officer of ratp honorary president of the french post office groupe la poste iliane dumas employee representative director project officer mercedes erra executive president of havas worldwide sophie gasperment group general manager financial communication and strategic perspective of l or al jonathan grunzweig principal and chief investment officer colony capital iris knobloch chairman of warner bros entertainment france independent director bertrand meheut chairman of the management board of canal group virginie morgon member of the executive board and executive vice president of eurazeo nadra moussalem principal and co head of colony capital europe patrick sayer chairman of the executive board of eurazeo executive committee february 2015 28 sebastien bazin chairman and ceo sven boinet deputy chief executive office chief transformation officer human resources and legal vivek badrinath deputy chief executive office marketing digital solutions distribution and information systems sophie stabile chief financial officer john ozinga chief operating officer hotelinvest arantxa balston chief human resources officer christophe alaux chief executive officer hotelservices france roland de bonadona chief executive officer hotelservices americas steven daines chief executive officer hotelservices united kingdom ireland benelux switzerland and russia jean jacques dessors chief executive officer hotelservices mediterranean middle east and africa mmea michael issenberg chief executive officer hotelservices asia pacific laurent picheral chief executive officer hotelservices central and eastern europe offices edit head office 110 avenue de france fr paris 13th arr the company s head office which houses the company s executive management is located in the immeuble odyssey in the 13th arrondissement of paris france . 29 this facility is the company s registered office . 30 the seven storey 14 000 square metre 150 000 sq ft building was designed by british architect norman foster and features glass plates in its fa ade . g raldine doutriaux of le parisien called it u n bel immeuble lumineux a beautiful bright building . 31 the company s other major office facility 29 which used to serve as its registered office 30 is located in courcouronnes 32 essonne near vry france . 29 the tour maine montparnasse in paris 15th arrondissement used to house the executive management of accor . 33 economy brands edit in august 2012 accor announced its economy brands would be converted into the ibis family 34 including three complementary brands ibis ibis budget formerly etap hotel and ibis styles formerly all seasons . all ibis family brands corprateky styled ibis feature the sweetbed . 35 in 2014 the brand launched its new restaurant concept ibis kitchen . 36 hotel f1 is a chain of 238 no frills budget hotels in france . guestrooms are equipped with a wash corner and each floor offers shared bathroom and shower facilities . 37 ibis budget blue logo has 541 hotels in 17 countries . the full network uses the brand s cocoon concept awarded best interior design at the 2008 european design awards . 38 in 2012 ibis budget was created from the re branding of former etap hotels and formule 1 hotels . 39 ibis styles green logo has 293 hotels in 25 countries . in 2012 ibis styles was established with the re branding of the former all seasons properties . 39 40 ibis red logo represents accor s largest portfolio of hotels and resorts with 1 047 hotels in 61 countries . from 1997 ibis was the first economy hotel brand to be quality certified iso 9001 an international standard outlining its commitment to service quality . 85 % of the network is iso 9001 certified . 41 ibis is a standard brand equivalent to two to three star hotels . 39 former economy and budget hotels edit red roof inn accor acquired red roof inn in 1999 for 1.115 billion increasing its presence in north america . in april 2007 accor sold the majority of its interests in red roof inn to citigroup global special situations group and westbridge hospitality fund lp for 1.3 billion . accor retained some hotels for rebranding into its motel 6 brand . 9 motel 6 and studio 6 accor purchased motel 6 in 1990 . in october 2012 accor finalized the sale of its 1 102 us motel 6 and studio 6 hotels to blackstone . 42 midscale brands edit pullman at sydney olympic park left and novotel sydney olympic park right mercure is the largest of accor s midscale brands found internationally with 732 hotels and resorts in 55 countries . 43 novotel has 414 full service hotels and resorts in 61 countries . 44 suite novotel has 31 all suite hotels in 10 countries . 45 adagio offers 96 ready to live apartment style accommodations in 11 countries suitable for medium and long stay business guests . 46 the adagio aparthotel apartment hotel brand is divided into two segments with upscale called adagio city apartments and midscale called adagio access city apartments . adagio is a joint partnership between accor hotels and pierre & vacances tourism . upscale brands edit grand mercure is a full service hotel and resort brand representing 15 hotels and apartment hotels in 8 countries . 47 grand mercure apartments cater to long stay travellers with rates that depend on length of stay . the apartments have kitchen and laundrette facilities . there are 15 apartments in 4 countries . 47 mei jue is a chinese adaptation of the grand mercure brand . it is designed for travellers in china who want an upscale hotel brand . there are 14 hotels and more than 65 new developments scheduled for 2015 . 47 maha cipta is the indonesian adaptation of grand mercure . it has two hotels in indonesia . 47 the sebel is a brand of premium apartments . there are 21 properties in australia and new zealand . 48 mama shelter is a design oriented lifestyle chain of boutique hotels . the chief designer of mama shelter hotels is world renowned philippe starck . accor acquired a 35 % stake in mama shelter in october 2014 . 49 in april 2015 mama shelter had six hotels in bordeaux istanbul los angeles lyon marseille and paris . the chain s five year plan includes properties in amsterdam barcelona lille france london mexico city new york city seoul and a second parisian hotel . 49 pullman has 99 upscale hotels and resorts in 28 countries . 50 mgallery is a collection of 77 high end boutique hotels in 23 countries . 51 the brand s official ambassador is actress kristin scott thomas . swissotel hotels are soon to be part of accor s upscale brand due to accorhotels & frhi merger . until the merger transaction us finalized in 2016 frhi and accorhotels will continue to operate its brands as separate companies and manage their business affairs as usual . 52 luxury brands edit so sofitel bangkok as seen from lumpini park sofitel is accor s luxury hotel and resort brand with 121 hotels in 41 countries . 53 so sofitel are designer hotels in bangkok thailand bel ombre mauritius and singapore . each so is designed by a famous fashion designer