 On March 6th, 2016; AccorHotels announced that Grey Investment acquired all three Sofitel-branded resorts in French Polynesia for undisclosed sums.According to the report, Fredrick Grey and Franck Falletta negotiated for over six months regarding the acquisition of the holding company of the resorts, Tahiti Nui Travel.The resorts are operated and managed on a day-by-day basis by AccorHotels.