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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.

Other News

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Bid Now. Only 8 Days Left For the PHAB Great Travel Auction

Category: Hotels, Posted:04 Jun 2024 | 07:52 am There are only 8 days left to bid on this year’s non-profit Phuket Hotels Association online charity travel auction. Amazing travel stays from London, Australia, Bali, Dubai, Paris, Maldives, and of course Phuket, Bangkok, and Koh Samui. There is even a vacation stay in Bhutan. All of the proceeds go to support the hospitality scholarship […]
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Dusit Ties Up With Layan Verde Phuket Branded Residences

Category: Hotels|Real estate, Posted:26 May 2024 | 16:53 pm Thai hospitality group Dusit International has signed a deal with VillaCarte Group for their upcoming Layan Verde project in Bangtao Phuket. The agreement covers 633 units under two brands – Dusit Residences and a Dusit Collection Hotel. An opening is planned in 2027 with a key highlight being an EDGE environmental certificate. VillaCarte Group has […]
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Koh Samui Gets New Daily Direct Flights From Singapore

Category: Tourism, Posted:14 May 2024 | 09:32 am In a major boost for Koh Samui tourism, Singapore’s Scoot Airlines has commenced daily flights. Currently, there is a daily flight, with a second flight expected to be added in June of this year. Scoot is a subsidiary of Singapore Airlines. The airline is using Embraer E190-E2 aircraft which accommodate 112 passengers on the route. […]
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