AccorHotels to Acquire Three Iconic Hotel Brands

It was just announced that AccorHotels, the hotel group who owns luxury brand Sofitel among others,​ has signed an agreement for the acquisition of FRHI Holdings Ltd. parent company of Fairmont, Raffles, and Swissotel. Adding the three prestigious brands to their portfolio is "...and a great step forward for AccorHotels." said Sébastien Bazin, Chairman and Chief Executive Officer of AccorHotels. FRHI has 155 hotels and resorts (40 of these currently under development) in 34 countries around the world, including 28 locations in Asia Pacific alone. Iconic properties include Raffles Singapore, The Savoy in London, Shanghai’s Fairmont Peace Hotel, The Plaza Hotel in New York, Le Royal Monceau - Raffles Paris and a handful of other high end hotels and resorts.

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