Accor’s long-stay apartment brand, Adagio has acquired 100% of the Citea group’s 49 hotels. This will bring Adagio’s portfolio to a total of 84 apartment hotels throughout Europe, making it the largest operator in the region.
Pierre & Vacances/Center Parcs acquired the Citea properties and ceded them to Adagio in a deal which will see Adaggio reach almost 10,000 apartments. The deal, to be finalised by the end of June 2011 will see the Adagio name rolled-out across both brands, but with a slightly different label.
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