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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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Loco Local – Top Phuket Vibes

Category: Tourism, Posted:07 Mar 2021 | 09:46 am Our Thai road trip video series from C9 Hotelworks together with Delivering Asia Communications continues as we bring you a new set of insights into what’s new in Phuket, along with a special visit to Bill Bensley’s magical home Baan Botanica on World Wildlife Day. Buckle up, and get ready to imagine a new set […]
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Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]