AccorHotels, Rixos form joint venture

AccorHotels and Rixos formed a joint venture, through which they will co-develop and manage Rixos branded resorts & hotels worldwide,” Reuters reported. AccorHotels will have a 50% stake in the joint venture management company. AccorHotels operates 17 hotels in Egypt, with 14 more in the pipeline, and Rixos Egypt owns three hotels.