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Swissôtel Al Murooj Dubai
Swissôtel Hotels & Resorts, commonly known as Swissôtel, is a Swiss chain of luxury hotels which operates 37 properties in 17 countries. The chain is owned by Accor, which acquired FRHI Hotels & Resorts in 2015. The corporate offices for Swissôtel are located in the Prioria Business Center on the property of Zurich Airport in Kloten, Switzerland, near Zürich. Corporate history Swissôtel was founded in 1981 as a joint venture between the Swissair and Nestlé groups, with its headquarters in the Switzerland, Swiss city of Zurich. Initially, hotels were operated in Berne, New York City, Geneva and Zurich. In 1990, the hotel group became a fully owned subsidiary of the Swissair group, and in 1996, its head office moved from Zurich to New York. In 2001, with the parent airline in the serious financial difficulties due to the events of 9/11 that year in the United States that eventually lead to its demise, Swissôtel was sold to Raffles Holdings Limited, the owner of the famous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
