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Swissôtel Hotels
Swissôtel Hotels & Resorts, commonly known as Swissôtel, is a Swiss chain of luxury hotels owned by Accor, which acquired FRHI Hotels & Resorts in 2015. The corporate offices for Swissôtel are located in the Prioria Business Centre on the property of Zurich Airport in Kloten, Switzerland, near Zürich. History Swissôtel was founded in 1981 as a joint venture between the Swissair and Nestlé groups, with its headquarters in the Swiss city of Zürich. Initially, hotels were operated in Bern, New York City, Geneva and Zürich. In 1990, the hotel group became a fully owned subsidiary of the Swissair group, and in 1996, its head office moved from Zürich 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 Raffles Hotel in Singapore. In July 2005, Colony Capital, a private internationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raffles Holdings
Raffles Holdings was the parent company of Raffles International, owned by Temasek Holdings which is the investment arm of the Singapore government. In 2005, Raffles Holdings' hotel business ranked 17th or 18th in the world in terms of market capitalization and number of rooms, all marketed under the Raffles and Swissôtel Swissôtel Hotels & Resorts, commonly known as Swissôtel, is a Swiss chain of luxury hotels owned by Accor, which acquired FRHI Hotels & Resorts in 2015. The corporate offices for Swissôtel are located in the Prioria Business Centre on the pro ... brand names. History The company was incorporated on 26 August 1995. On 18 July 2005, Raffles Holdings announced its sale to Colony Capital, LLC for about US$1 billion, including outstanding debt. The deal, worth 1.72 billion Singapore dollars, included all 41 hotels and resorts. Its most prominent establishment was the luxurious 103-suite Raffles Hotel in Singapore, built in 1887. CapitaLand Ltd., Sou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries by area, fifth-largest country in Asia, the largest in the Middle East, and the List of countries and dependencies by area, 12th-largest in the world. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Bahrain, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to Saudi Arabia–Yemen border, the south. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt and Israel. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of Geography of Saudi Arabia, its terrain consists of Arabian Desert, arid desert, lowland, steppe, and List of mountains in Saudi Arabia, mountains. The capital and List of cities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mecca
Mecca, officially Makkah al-Mukarramah, is the capital of Mecca Province in the Hejaz region of western Saudi Arabia; it is the Holiest sites in Islam, holiest city in Islam. It is inland from Jeddah on the Red Sea, in a narrow valley above sea level. Its metropolitan population in 2022 was 2.4million, making it the List of cities in Saudi Arabia by population, third-most populated city in Saudi Arabia after Riyadh and Jeddah. Around 44.5% of the population are Saudis, Saudi citizens and around 55.5% are Muslim world, Muslim foreigners from other countries. Pilgrims more than triple the population number every year during the Pilgrimage#Islam, pilgrimage, observed in the twelfth Islamic calendar, Hijri month of . With over 10.8 million international visitors in 2023, Mecca was one of the ten List of cities by international visitors, most visited cities in the world. Mecca is generally considered "the fountainhead and cradle of Islam". Mecca is revered in Islam as the birthp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abraj Al Bait
The Clock Towers (, formerly known as ), is a State ownership, government-owned complex of seven skyscraper hotels in Mecca, Saudi Arabia. These towers are part of the Abdullah of Saudi Arabia#Domestic affairs, King Abdulaziz Endowment Project that aims to modernize the city in catering to its pilgrims. The central hotel tower, which is the Mecca Clock Royal Tower, is the fourth-tallest building and sixth-List of tallest freestanding structures, tallest freestanding structure in the world. According to Guinness World Records, the Makkah Tower is the tallest clock tower in the world, and the complex of seven building comprise the world's second most expensive building. The clock faces are the List of largest clock faces, largest in the world, and the top four floors of the clock tower house the Clock Tower Museum. The building complex is 300 metres away from the world's largest mosque and Islam's Holiest sites in Islam, most sacred site, the Great Mosque of Mecca. The developer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
