Synergies between the two companies

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invests<br />

via Colony VI et Colyzéo<br />

€ 1 billion<br />

in<br />

La Bastide de Gordes and Spa enrichit la - Accor

Accor reaches a secured pipeline of 90 contracts in Brazil

Hotels and Services: Growth Drivers Driving sustainable, profitable ...

Upscale Hotels Asset Management Strategy

� 2004 Results � 2005 Q1 sales � Strategic Vision � An international strategic investor for Accor � A new asset management policy � Accelerated expansion Outline 30

invests via Colony VI et Colyzéo € 1 billion in 31

Page 1 and 2: � The two companies started to se
Page 3 and 4: Creation of the European leader in
Page 5 and 6: Casino Deauville 25
Page 7 and 8: Travel agencies � Acquisition of
Page 9: �Revenues of €1,676m: up 5.6% a
Page 13 and 14: Los Angeles Hawaii Head office Offi
Page 15 and 16: Benefits for Accor A sizeable inves
Page 17 and 18: � Specific clauses for the subscr
Page 19 and 20: Innovative asset management to supp

Synergies between the two companies

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