AccorHotels plans to acquire Travel Keys, an
Atlanta-based company that brokers rentals of private vacation homes. Accor
expects the transaction to close during the second quarter. Travel Keys,
founded in 1991, lists 5,000 properties across 100 markets in North America,
Europe, Africa, Asia and the Caribbean. Combined with Onefinestay
and Squarebreak,
Travel Keys will give Accor 8,500 properties in the luxury private rental
market in both vacation and urban locales. The transaction doubles down on Accor's
efforts to carve out a competitive presence in the vacation/short-term
rentals space.