The portfolio of mainly economy-style hotels with over 3000 rooms includes the 412-room dual Ibis Brisbane and Mercure Brisbane hotels, the 296-room Novotel Brisbane, the 250-room Ibis Melbourne, the 200-room Ibis Sydney Airport, the Mercure Perth, plus a number of regional Ibis Budget hotels and several Sydney and Melbourne suburban Ibis hotels.
Accor is selling a portfolio of 23 Australian hotels, its entire local real estate holdings, for more than A$300 million (US$223m).
The portfolio of mainly economy-style hotels with over 3000 rooms includes the 412-room dual Ibis Brisbane and Mercure Brisbane hotels, the 296-room Novotel Brisbane, the 250-room Ibis Melbourne, the 200-room Ibis Sydney Airport, the Mercure Perth, plus a number of regional Ibis Budget hotels and several Sydney and Melbourne suburban Ibis hotels.
Fifteen of the hotels - all Ibis-branded hotels - were acquired in December 2016 from the Abu Dhabi Investment Authority.
Accor is now the leading hotel operator in Australia after buying its biggest rival, Mantra Group for A$1.2 billion (US$891m) earlier this year.
All hotels are managed by Accor on long-term agreements.
Analysts point out that Accor, like other major hotel groups, has divested or spun off real estate assets to focus on the operational side of their businesses as they face a growing threat from Airbnb and online travel agents.
The sale of the Australian portfolio is being handled by JLL Hotels & Hospitality Group's Craig Collins and Peter Harper.