FRHI Hotels & Resorts (previously known as Fairmont Raffles Hotels International) is a global

hotel management ''Hotel Management'' magazine is a trade publication produced by Questex, LLC. History and profile The magazine ''Hotel Management'' was established in New York in 1922 by Ahrens Publishers. It absorbed or merged with various other hotel manage ...

company that is based in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central C ...

, Canada. FRHI is the parent company that manages three brands of hotels: Fairmont, Raffles and

Swissôtel 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 Swi ...

. These hotel chains collectively include more than 100 hotels and resorts in over 30 countries worldwide. Since 2016, the company has been owned by AccorHotels, a French multinational hotel firm.

History

FRHI was formed in January 2006, when

Colony Capital DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, Digita ...

and Kingdom Holding Company entered into a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...

. Through that partnership, the two groups acquired

Fairmont Hotels and Resorts Fairmont Hotels & Resorts is a global chain of luxury hotels that operates more than 70 properties worldwide, with a strong presence in Canada. The company originated from two hotel businesses established in the late 19th century, the Canadian P ...

and combined Fairmont's business with Colony Capital's Raffles Hotels International, which was the parent of the Raffles and Swissôtel brands. The company also owned

Delta Hotels Delta Hotels by Marriott is a four-star brand of hotels and resorts located primarily in North America. Canadian institution Beginnings In June 1962, William Pattison and his business partners opened the 68-room Delport Inn in Richmond, BC. Tha ...

at one point, but it sold that hotel management company in October 2007 to bcIMC, a Crown corporation owned by the

Government of British Columbia The Government of British Columbia (french: Gouvernement de la Colombie-Britannique) is the body responsible for the administration of the Canadian province of British Columbia. A constitutional monarchy, the Crown is the corporation sole, assum ...

. In 2015, Delta Hotels was purchased by Marriott International. Voyager Partners, a

Qatari Diar The Qatar Investment Authority (QIA; ar, جهاز قطر للإستثمار) is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In 2021 ...

affiliate, subsequently acquired a majority interest in FRHI in April 2010. In December 2015, AccorHotels announced that it would be purchasing FRHI in a US$2.9 billion deal, which was completed in 2016.

Previous history of Raffles Hotels

Established in 1989 to oversee the restoration of the historic

Raffles Hotel Raffles Hotel is a British colonial-style luxury hotel in Singapore. It was established by Armenian hoteliers, the Sarkies Brothers, in 1887. The hotel was named after British statesman Sir Thomas Stamford Raffles, the founder of modern S ...

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

and the restructuring of Raffles City, the Raffles hotel company reopened its flagship hotel on September 16, 1991. The company purchased the

chain in 2001, and it took over the then Westin Stamford and Westin Plaza (both in Singapore) as the contract expired at the end of the year. On January 1, 2002, the two hotels were renamed as Swissôtel The Stamford and Raffles The Plaza (now

Fairmont Singapore Fairmont Singapore ( Chinese: 费尔蒙特酒店), formerly Raffles The Plaza ( Chinese: 莱佛士大厦) is the sister hotel of Swissôtel The Stamford located within the Raffles City complex in Singapore. It has a total of 778 rooms and suit ...

) respectively, with a refurbished look. Former owner Raffles Holdings announced the sale of the chain on July 18, 2005, to

from October 1, 2005. The sale included its 41 hotels and resorts, and its hotels under development. This included the landmark Raffles Hotel in Singapore, which is on a 100-year lease to Colony Capital. However, Raffles City was owned by Raffles Holdings under Tincel Properties Pte Ltd when it was sold, but it was eventually sold to CapitaCommercial Trust and CapitaMall Trust in July 2006.

References

External links

* {{DEFAULTSORT:FRHI Hotels and Resorts 2016 mergers and acquisitions Accor Canadian companies established in 2006 Canadian subsidiaries of foreign companies Companies based in Toronto Hotel and leisure companies of Canada Multinational companies headquartered in Canada