The reorganization of AccorInvest throughout 2021 and 2022 was characterized by aggressive financial restructuring and a massive reduction in workforce to combat the devastating impact of the global health crisis. While the group began to see a rebound in 2022, the transformation was widely considered "painful" due to significant job losses and a forced shift in its business model. The Reorganization Drive
: The group announced the cutting of 1,900 jobs globally as part of its effort to streamline operations.
This reorganization eventually led to a total rebranding of the company to Essendi in 2025, signaling its final independence from the Accor Group , which plans to exit its remaining 30% stake by 2026. Hotel Owner And Operator AccorInvest Group Assign 2022---painful-reorganization-at-AccorInvest
: In the first half of 2022, the group returned to positive earnings (EBITDA).
By mid-2022, AccorInvest began emerging from what CEO Gilles Clavié described as "two years of purgatory". The reorganization of AccorInvest throughout 2021 and 2022
: By late 2022, the group had completed nearly half of its planned asset sales, focusing on offloading non-strategic, less-profitable leased properties. Long-term Outcome
: To reduce leverage, AccorInvest committed to a €1.144 billion asset disposal plan , which was later upgraded to €1.7 billion to recalibrate its portfolio toward more profitable owned hotels in Europe. 2022: The Road to Recovery This reorganization eventually led to a total rebranding
: The plan involved renegotiating nearly €4 billion in debt with banks and securing a €477 million state-guaranteed loan (PGE).