OREANDA-NEWS. Fitch Ratings says AccorHotels' (BBB-/Stable) announcement that it plans to turn HotelInvest into a separate legal subsidiary should have no immediate impact on its ratings. However, the eventual sale of a majority stake in HotelInvest could have significant rating implications. The final setup of the group as well as its financial structure and policy will be critical to ascertain the ultimate effect upon unsecured creditors at the holding level.