Destinations Magazine

AccorHotels Acquires Fairmont, Raffles, and Swissotel

By Thelostboylloyd @lloydthelostboy

FHRI_953x451_B_v2

Exciting news arrived in my inbox yesterday. FRHI Hotels & Resorts, which is behind the luxury brands Fairmont, Raffles, and Swissotel, has been officially acquired by AccorHotels Group:

Following the approval of shareholders at the General Shareholders Meeting on July 12, 2016, AccorHotels Group officially announces the acquisition of FRHI Hotels & Resorts (FRHI) and its three prestigious luxury hotel brands: Fairmont, Raffles and Swissôtel. This addition of three remarkable brands instantly positions AccorHotels as a leading player in the global luxury hotel market, increases long term growth potential and profitability, and significantly expands the company’s footprint in North America, world’s largest and most influential consumer market.

The acquisition means that Fairmont, Raffles, and Swissôtel’s 154 hotels and resorts (of which 40 are under development) and 56,000 rooms in 34 countries are added to AccorHotels’ expansive network. And among these are the world’s most iconic and historic hotels located in key strategic cities like The Savoy London, Raffles Singapore, Fairmont San Francisco, New York’s The Plaza, Fairmont Le Château Frontenac in Quebec City, and Le Royal Monceau Raffles Paris.

This also means that, in the Philippines, Fairmont Makati and Raffles Makati will join Sofitel Philippine Plaza Manila and Novotel Manila Araneta Center in the same AccorHotels portfolio.

The acquisition combines FRHI’s proven track record and expertise in operating and marketing luxury hotels with AccorHotels’ robust global operating platform, extensive loyalty base, and industry-leading digital capabilities. AccorHotels plans to generate approximately 65 million EUR in revenue and cost synergies with the deal, and it will take advantage of FRHI’s customer base that includes three million loyalty members—75 percent of which are from North America.

To lead the two companies in this fundamental step, Chris Cahill has been named Chief Executive Officer, Luxury Brands. Later on, he will oversee a new structure that integrates Raffles, Fairmont, Sofitel Legend, So Sofitel, Sofitel, MGallery by Sofitel, Pullman, and Swissôtel in one tier.


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Boeing 747-400, Lufthansa

    Boeing 747-400, Lufthansa

    @ Frankfurt Airport, Germany April 2018 Lufthansa operates 13 of these -400 models, along with 19 of the newer 747-8 aircraft. Read more

    12 hours ago by   Htam
    PHOTOGRAPHY, SOCIETY
  • What ADHD Actually Is, Part 2

    Since I wrote part 1 of this series, I’ve had a lot of wonderful positive feedback from people with ADHD and suggestions for topics to cover in the future.... Read more

    13 hours, 10 minutes ago by   Brute Reason
    SOCIETY, WOMEN'S ISSUES
  • Pain De Mie

    Pain

    这个面包真的是超软!用刀切片的时候有点困难。Ingredients:260g Blue Jacket Baguette Flour40g Blue Jacket Wholewheat Flour8g fine sugar3g instant yeast1g salt180g water15g Cowhead salte... Read more

    13 hours, 24 minutes ago by   Cathysjoy
    FOOD & DRINK, RECIPES
  • Flash Fiction from a Writing Prompt

    Flash Fiction from Writing Prompt

    ** In the classes I teach at Stevenson University, students know that I have the propensity to use writing prompts in class to get them writing creatively and... Read more

    The 20 April 2018 by   Steph's Scribe
    BOOKS, ENTERTAINMENT, SELF EXPRESSION
  • Flash Fiction from a Writing Prompt

    Flash Fiction from Writing Prompt

    ** In the classes I teach at Stevenson University, students know that I have the propensity to use writing prompts in class to get them writing creatively and... Read more

    The 20 April 2018 by   Steph's Scribe
    BOOKS, DIARIES, SELF EXPRESSION
  • Inside New Opening Church on the Hill, Glasgow

    Doors Open at Church on the Hill Iconic Southside Glasgow bar, Church on the Hill, has opened its doors again, following a £650,000 refurbishment. Read more

    The 20 April 2018 by   Emma
    DESTINATIONS, DINING OUT, FOOD & DRINK
  • Summer Dresses Ideas

    Summer Dresses Ideas

    Coucou everyone,Summer is almost here, are you excited?Long days on the beach (in the park), light evenings with glass of rose on the terrace, delicious ice... Read more

    The 20 April 2018 by   Dusana Bozenkova
    LIFESTYLE