Sofitel Signs a Management Contract on the Croisette in Cannes

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Sofitel's new prestige address in France will be the "Palais Stéphanie."

Sofitel, the Accor hotel group's luxury brand, has just signed a management contract for the "Palais Stéphanie" hotel in Cannes. The necessary work to transform the hotel and give it Sofitel's sparkle and "French touch" will be undertaken by the hotel's owner, the Jesta Group. During this time, this 234-room hotel, including 47 suites, will continue to be operated under the name "Palais Stéphanie."

Yann Caillère, General Manager of Accor Hôtellerie France, Southern Europe, Middle East and Africa and C.E.O of Sofitel Monde and Elliot Aintabi, President of the Jesta Group, officially signed the contract on October 5, 2007 in one of Sofitel's prestige addresses, the Sofitel Le Faubourg in Paris.

"Sofitel is extremely proud of this new address, which will give Sofitel an exceptional location facing the sea on the Croisette in the heart of Cannes. It confirms Sofitel's determination to develop its network in the best addresses around the world."»
Yann Caillère.

"The Jesta Group, an institutional investor for whom I manage its development in promising real estate markets, has found in Sofitel the "luxury" solution that meets my ambitions. It involves a long-term partnership oriented towards tomorrow's luxury."
Elliot Aintabi

This move enables the brand to continue its development strategy, giving its network a new renowned address that is in phase with its luxury repositioning.

Sofitel: premium hotels around the world
Because no one country or city is the same, Sofitel has made each of its hotels around the world a truly unique establishment. Combining the spirit of each place with the values of modernity, refinement and absolute comfort, they are all imbued in their inimitable way with the French "art de vivre". Whether their setting is a great business metropolis like Paris, New York or Bangkok, or nestling in the landscape in Indonesia, Polynesia or Brazil, each Sofitel hotel offers travelers a genuine haven of peace. So that each guest, for an overnight stay or longer, during a business trip or for a holiday, can enjoy the rich variety of these unique places in comfort and tranquility.

Accor, the European leader and a major global group in hotels, the global leader in services to corporate clients and public institutions, operates in nearly 100 countries with 170,000 employees. It offers to its clients over 40 years of expertise in its two core businesses:

  • Hotels, with the Sofitel, Pullman, Novotel, Mercure, Suitehotel, Ibis, All Seasons, Etap Hotel, Formule 1 and Motel 6 brands, representing more than 4,000 hotels and nearly 500,000 rooms in 90 countries, as well as strategically related activities, such as Lenôtre.
  • Services, with 23 million people in nearly 40 countries benefiting from Accor Services products in human resources, marketing services and expense management.

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