Accor has locked the acquisition of the Toronto-based FRHI Hotels & Resorts, adding to its portfolio the three luxury brands Fairmont (70 hotels, largely a Canadian chain, managing emblematic hotels like New York’s Plaza, The Savoy in London and Shanghai’s Peace Hotel), Raffles (12 hotels, predominantly an Asian chain) and Swissôtel (32 hotels, a mix of cities, primarily in China, Germany, Turkey and Switzerland) for $2.9bn (c.€2.6bn). The deal includes the purchase
10 Dec 2015
Accor confirms the acquisition of FRHI
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Accor confirms the acquisition of FRHI
Accor SA (AC:WBO) | 0 0 0.3% | Mkt Cap: 13,333m
- Published:
10 Dec 2015 -
Author:
Bérénice Lacroix -
Pages:
3
Accor has locked the acquisition of the Toronto-based FRHI Hotels & Resorts, adding to its portfolio the three luxury brands Fairmont (70 hotels, largely a Canadian chain, managing emblematic hotels like New York’s Plaza, The Savoy in London and Shanghai’s Peace Hotel), Raffles (12 hotels, predominantly an Asian chain) and Swissôtel (32 hotels, a mix of cities, primarily in China, Germany, Turkey and Switzerland) for $2.9bn (c.€2.6bn). The deal includes the purchase