Accor has announced it has entered into exclusive negotiations with Royal Holiday Group to acquire 17 management agreements (3,200 keys). The portfolio includes six existing All-inclusive Resorts in Mexico (1,660 keys) to be managed by Ennismore, as well as eleven existing resorts and city hotels in Mexico, Argentina, Puerto Rico and the USA (1,540 keys) to be managed by Accor PM&E Americas. The total consideration of $79M will be paid in phases, and all of it will go towards partially funding the $130M renovation plan of the properties within the next 30 months.