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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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C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
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Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
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Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
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