AccorHotels Group has acquired FRHI Hotels & Resorts and its three prestigious luxury hotel brands: Fairmont, Raffles and Swissôtel. This addition of three remarkable brands positions AccorHotels as a leading player in the global luxury hotel market, and significantly expands the company’s footprint in North America.
“The acquisition of these three emblematic luxury hotel brands is a historical milestone for AccorHotels,” says Sébastien Bazin, chairman and CEO of AccorHotels. “It will open up amazing growth prospects, lift our international presence to unprecedented heights, and build value over the long term.”
Joining AccorHotels’ global network is a portfolio of globally admired brands, which includes management of many of the world’s most iconic and historic hotels located in key strategic cities around the world, including The Savoy in London, Raffles Singapore, Fairmont San Francisco, New York’s The Plaza, Fairmont Le Château Frontenac in Quebec City, and Le Royal Monceau Raffles Paris.
Combining FRHI’s proven track record and deep expertise in operating and marketing luxury hotels, with AccorHotels robust global operating platform, extensive loyalty base and industry leading digital capabilities, means the Group is uniquely positioned to deliver the most profitable returns and best growth potential across all market segments. www.accorhotels.com
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