Hoxton Hotels Owner Ennismore Said to Seek Capital for Expansion

Ennismore, the luxury lifestyle hotel company backed by France’s Accor, is seeking to raise capital for expansion in the US and is talking to potential strategic partners, according to people familiar with the matter.

The operator of The Hoxton and Mama Shelter hotel chains aims to raise new money that could value it at about $3 billion or more, the people said, asking not to be identified as the matter is private. Accor will retain majority ownership in London-based Ennismore, the people said.

Ennismore is seeking to raise several hundred million dollars but deliberations are in the early ...