Accor has confirmed it is considering an initial public offering (IPO) for Ennismore, its lifestyle hotel and restaurant group.
The latest filings from the French hotel giant said its board of directors had unanimously approved plans to evaluate a possible stock market listing for the business.
Ennismore was founded in London by Sharan Pasricha in 2011 and Accor took a majority stake in 2021, creating one of the world’s largest lifestyle hospitality groups.
It now operates 192 hotels and over 500 restaurants and bars worldwide, with brands including Gleneagles, the Hoxton, Mondrian and Mama Shelter.
If the public offering goes ahead, Accor intends to retain overall control of the group and support its growth. Ennismore guests will also retain access to Accor’s loyalty programmes.
The push for expansion comes after Accor chief executive Sébastien Bazin told investors in July that Ennismore “needs to shine better and grow faster”.
This sentiment was echoed by Accor’s chief financial officer Martine Gerow in an earnings call this week, when she said an IPO would provide the liquidity and “additional flexibility” to support Ennismore’s growth worldwide.
“Ennismore historically has grown through acquisitions, and this is potentially something that could be on their roadmap going forward,” Gerow added.
Accor said there was no guarantee it would move forward with the plans and would inform the market of updates when appropriate.
Gerow said reaching an IPO could be at least a 12-month process.
Ennismore saw its net number of locations increase by 17.6% and posted EBITDA of €170m (£148m) in 2024.
It has over 70 hotels open and in the pipeline across the Americas and has opened an office in Cancun to support its properties in Mexico.
Recent launches in the UK have included the 214-room Hoxton Edinburgh this summer and the Hyde London City last year.
Ennismore is due to open the first UK hotel under its Delano luxury brand, which is designed to have the feel of a private members’ club, in London in late 2026.
In its wider results, Accor said it expected global revenue per available room (Revpar) across its hotels to grow between 3% and 4% this year.
In the UK, both London and the regions posted a Revpar increase in the third quarter of 2025 driven by a boost in both leisure and corporate events.
Accor has raised its profit forecast for the year and expects group EBITDA to grow between 11% and 12% in 2025, up from an initial prediction of between 9% and 10%.
Pasricha was awarded the International Outstanding Achievement Award at the 2024 Cateys.