2013 Registration document and annual financial report - page 164

Registration Document 2013
Corporate Governance
Statutory Auditors’ special report on related‑party agreements and commitments
Given that the Asset Contribution-Demerger Agreement was signed on April 19, 2010, before the dispute had arisen, it does not contain
any provisions concerning this type of tax dispute. However, the agreement with Edenred has now protected the Group in the event of
an unfavorable outcome of the aforementioned proceedings.
No payments were recorded by the Company in respect of this agreement in 2013.
2. With ColSpa SAS
Type of agreement and purpose:
Hotel management contract between ColSpa SAS and Accor.
Persons concerned:
Sébastien Bazin, a director of Accor, Chief Executive Officer of ColSpa SAS and Chief Executive Officer of Colony Capital Europe (until
August 27, 2013); and Thomas J. Barrack, Chairman and Chief Executive Officer of Colony Capital LLC and a director of Accor (until
April 25, 2013).
Terms and conditions:
As part of Colony Capital SAS’s project to redevelop the site of the former Molitor swimming pool in Paris through its ColSpa SAS
subsidiary, ColSpA undertook to grant a contract to Accor to manage, under the MGallery banner, the 124-room hotel and various related
facilities to be built on the site. This 10-year management contract will be automatically renewable for five years and its financial terms
and conditions are comparable to those usually negotiated by the Group for similar contracts.
The transaction fits with the Group’s development strategy and will enable it to manage a hotel at a prestigious location in western Paris
under its fast-growing MGallery brand.
No payments were recorded by the Company in respect of this agreement in 2013.
Neuilly-sur-Seine and Paris-La Défense, March 18, 2014
The Statutory Auditors
French original signed by:
Pascale Chastaing-Doblin
ERNST & YOUNG et Autres
Jacques Pierres
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