AccorHotels to turn HotelInvest into subsidiary
July 12, 2016 at 11:50 AM EDT
PARIS, July 12 (Reuters) - AccorHotels, Europe's largest hotel group, said on Tuesday that its board had cleared a plan to turn its HotelInvest property business into a subsidiary ahead of opening a majority of HotelInvest's capital to third-party investors.