ACCOR Takes On Fairmont Raffles
Category:
Hotels, Posted:10 Dec 2015 | 13:01 pm
French hospitality chain ACCOR has entered into an agreement to acquire the Fairmont Raffles (FRHI) for a reported US$2.9 billion.
With 115 hotels and over 43,000 rooms the FRHI deal includes the Swissotel brand together with the two mainstays.
The transaction is comprised of a cash and stock in ACCOR.
According to Hotels Magazine online FRHI has another 13,000 rooms with 40 hotels currently in its pipeline.
This is the second major convergence of leading global brands in the latter part of this year with the Marriott Starwood deal capturing headlines recently.
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Category: Hotels|Real estate, Posted:25 Mar 2025 | 08:24 am Here is an amazing opportunity to get up close and personal with one of Phuket’s most prominent luxury hospitality advocates. The session features a candid conversation with Dr. Allan Zeman, whose game-changing developments have created a global following. Join us for fast-paced, in-depth 90-minute learning session updating the Phuket property sector for mid-year 2025 and […]Read more
