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- AccorHotels today announces the signing of an agreement with the Qatar Investment Authority (QIA), Kingdom Holding Company (KHC) of Saudi Arabia and Oxford Properties, an Ontario Municipal Employees Retirement System (OMERS) company for the acquisition of FRHI Holdings Ltd (FRHI), parent of Fairmont, Raffles, and Swissôtel.
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Jul 12, 2016 · Following the approval of shareholders at the general shareholders meeting, AccorHotels Group has formally acquired FRHI Hotels & Resorts and its three luxury hotel brands: Fairmont, Raffles and Swissôtel.
FRHI includes three of the most prestigious global luxury hotel brands: Raffles, Fairmont and Swissôtel. It has 155 hotels and resorts (of which 40 are under development), and more than 56,000 rooms (of which approximately 13,000 are under development).
Dec 9, 2015 · AccorHotels has annouced the signing of an agreement with Qatar Investment Authority (QIA), Kingdom Holding Company of Saudia Arabia (KHC) and Oxford Properties, a firm owned by Ontario Municipal Employees Retirement System (OMERS), for the acquisition of acquisition the group FRHI Holdings Ltd (FRHI), owner of the brands Fairmont, Raffles and ...
Jul 12, 2016 · Following the approval of shareholders at the general shareholders meeting today, AccorHotels Group has completed the acquisition of FRHI Hotels & Resorts. The deal sees three...
- Why Accor Bought FRHI
- What Accor Plans to Do with FRHI
- What Happens Now
Accor first announced the FRHI acquisition in December 2015 and since then, the company has been on a buying spree, purchasing London-based luxury alternative accommodations provider Onefinestayfor approximately $168 million in April. The addition of FRHI is particularly strategic and valuable for Accor, which hopes to leverage FRHI’s luxury brands...
Now that it has these three brands, Accor is forming a standalone Luxury Brand group within its organization that will include the following brands: Raffles, Fairmont, Sofitel Legend, So Sofitel, Sofitel, MGallery by Sofitel, Pullman, and Swissôtel. This new group will be led by Chris Cahill, who served as president and COO of FRHI and its predeces...
Beginning immediately, customers can book stays at Fairmont, Raffles, and Swissôtel hotels through AccorHotels.com. And as we’ve seen with the pending acquisition of Starwood by Marriott and the concerns over what will happen to the Starwood Preferred Guestloyalty program, the respective loyalty programs for FRHI (Fairmont Gold, Raffles Ambassadors...
- Deanna Ting
Jul 13, 2016 · More than seven months after agreeing to acquire FRHI Hotels & Resorts for $2.9 billion, AccorHotels recently won shareholder approval to complete the acquisition.
Jul 12, 2016 · AccorHotels has completed the acquisition of FRHI Hotels & Resorts and its three luxury brands: Fairmont, Raffles and Swissotel. Accor paid $840 million to Qatar Investment Authority and...
