Sidley advised Accor on negotiations related to the management, renovation, and operation of The Rimrock Resort Hotel in Banff, Alberta, Canada, which was recently acquired by Oxford Properties Group (“Oxford”) alongside an existing institutional capital partner.
As part of a strategic collaboration between Accor and Oxford, the hotel is expected to undergo a comprehensive top-to-bottom renovation to transform the hotel into an enhanced luxury experience, with the potential for a rebranding. Accor will continue to operate the hotel throughout the renovation period.
Accor offers experiences across more than 110 countries and over 5,400 properties, and has one of the industry’s most diverse hospitality ecosystems, encompassing more than 40 hotel brands ranging from luxury to economy.
The Sidley team was led by Keith Hayden Del Prete with assistance from Samuel Deddeh and Jonathan H. Koh (Real Estate).