Faena Group and Accor Embark on International Venture to Expand the Faena Brand All over the world

PARIS, Jan. 26, 2021 /PRNewswire/ – Alan Faena and Len Blavatnik of Faena Group, together with Sébastien Bazin, Chairman and CEO of Accor, now declared the start of a global strategic partnership centered on increasing the Faena model around the world.

Faena, just one of the world’s most impactful brands in the luxury life style and hospitality sector, and Accor, a globe-foremost hospitality group with an unparalleled model portfolio and much more than 5,000 attributes across 110 nations around the world, have partnered to broaden the Faena manufacturer to strategic places throughout the world.

Alan Faena will operate in partnership with Accor to break new floor, acquiring Faena Districts in pick world destinations. This new undertaking will reinforce Faena’s personal and distinctive tactic and will come to be a catalyst for exponential advancement. Dubai is slated to be the to start with international place.

“We have identified in Accor a fantastic associate we have a shared vision and passion. As Faena expands, we program to go on rethinking hospitality way of living and shaping the path for groundbreaking ideas, location new business requirements in the creation of inimitable environments rooted in tradition, positively transforming towns, shifting outdated paradigms and starting to be new international cultural epicenters. It has generally been our desire to share the Faena ethos and creative vision all around the globe, and with Accor we are turning this dream into truth,” mentioned Alan Faena.

“Accor is constructing an expertise-based hospitality platform and in undertaking so, we significantly benefit the electrical power and strategies that entrepreneurs, creators and visionaries bring. Alan Faena is a apparent leader in the luxury life style sector with his transformative ideas. Faena Districts are shifting the gravitational facilities of the towns exactly where they reside, generating a real big difference in their communities. These will provide as our product as we get the job done hand-in-hand with the Faena team to assist reach their vision and global expansion ambitions. We search ahead to a lengthy and gratifying upcoming doing work with Alan, Len and the entire Faena group,” mentioned Sébastien Bazin, Chairman and CEO, Accor.

The new venture will deal with Faena Buenos Aires and Faena District Miami Beach front, which was named as the #1 resort in Miami, #2 hotel in the wider United States and twelfth optimum ranked home in the entire planet by readers of Condé Nast Traveler in their 2020 Readers’ Decision Awards, as effectively as all long term assignments designed in collaboration collectively. This ground-breaking endeavor will consequence in groundbreaking businesses which specialize in the development of one particular-of-a-sort, socially responsible, holistic environments, anchored in cultural ordeals ranging from residences and lodges, artwork and cultural areas.

About Faena

Founded by Alan Faena and Len Blavatnik in 2000, Faena is world leader in the luxury life style market. A pioneer in its subject, Faena has designed innovation the coronary heart of all its endeavors, rising as the world wide product for substantial-excellent, reason-created life-style residing. Specializing in the creation of just one-of-a-variety holistic environments anchored in cultural experiences, which integrate residences, inns, artwork and cultural areas. The multi-award-winning Faena Districts are internationally renowned for shifting the gravitational centre of towns, expanding their social footprint and turning into new cultural epicenters. Its jobs are platforms for individual expression, cultural interaction and primary thinking – desired destination landmarks encompassing new properties, revitalized historic homes, and transformational experiences, which Faena develops collaboratively with teams of leading architects, designers and artists.

About Accor

Accor is a planet foremost hospitality group consisting of far more than 5,000 attributes and 10,000 foods and beverage venues throughout 110 international locations. The group has a single of the industry’s most varied and absolutely-built-in hospitality ecosystems encompassing luxurious and top quality manufacturers, midscale and financial state offerings, one of a kind life-style principles, enjoyment and nightlife venues, eating places and bars, branded personal residences, shared accommodation houses, concierge companies, co-doing work spaces and additional. Accor also boasts an unrivalled portfolio of exclusive brand names and about 300,000 workforce members throughout the world. In excess of 65 million customers profit from the firm’s thorough loyalty software ALL – Accor Live Limitless – a every day lifestyle companion that delivers entry to a extensive assortment of rewards, solutions and ordeals. As a result of its Earth 21 – Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the team is targeted on driving optimistic motion through company ethics, accountable tourism, environmental sustainability, community engagement, range and inclusivity. Established in 1967, Accor SA is headquartered in France and publicly stated on the Euronext Paris Stock Trade (ISIN code: FR0000120404) and on the OTC Market place (Ticker: ACRFY) in the United States. For more data pay a visit to group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram.

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