Orbis Spólka Akcyjna Seeks Sale Of Two Hotels

Orbis SA is a Poland-based company that is principally engaged in the hotel, transportation and tourism sectors. It operates two business segments, including hotels & restaurants and transport. The Company offers hotel services, domestic and international coach transport, and car rental and lease. It also acts as a travel agent, tour operator and car parks operator. As of December 31, 2011, the Company operated a network of 32 hotels with 7,011 rooms in 20 cities. Hotels of the Company operate under Accor brands: Sofitel, Novotel, Mercure, Ibis and Etap, as well as under the Polish brand Orbis Hotels and Holiday Inn in Warsaw. As of December 31, 2011, the Company operated through several subsidiaries, including Hekon Hotele Ekonomiczne SA, Orbis Corporate Sp. z o.o and Orbis Transport Sp. z o.o., among others. As of February 21, 2012, its parent entity was Accor SA, which held a 51.55% stake in the capital. In May 2013, the Company sold a 96% stake in Orbis Transport Sp. z o.o.