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.
SIGN UP FOR C9 INSIDER NEWS
Other News
Read more
New C9 Hotelworks Research Report on Hakuba, Japan Tourism and Property Market
Category: Real estate|Tourism, Posted:02 Nov 2023 | 15:19 pm C9 Hotelworks has released an exciting new market research report Habuba Tourism and Property Market Review. Hakuba, renowned for being part of the 1998 Nagano Winter Olympics, has evolved from a seasonal Australian-focused skiing destination into a year-round getaway. It is located within a three-hour drive from Tokyo. The valley has witnessed increasing development, attracting […]Read more
