Accor SA, which runs Sofitel, Motel6, Novotel and 12 other hotel brands in 90 countries, will sell 158 of its hotelF1 properties in France to a group of institutional investors for $402 million. The deal will allow Accor to reduce its debt by roughly $277 million in 2009, much of which will be added to the group’s cash reserves. Accor will lease the hotels and their 12,300 rooms for 12 years, renewable six times, with variable rents based on an average 20 percent of revenue.