The Los Angeles iconic property that is currently undergoing renovation will reopen in 2018, and be operated under the upscale brand Fairmont Hotels & Resorts of the group AccorHotels.
By signing this management contract the French hotel group expands its footprint on America's upscale range. This operation is further to the takeover of the brand Fairmont Hotels by the operateur by 2016. The group's luxury and upscale segment includes Raffles, Fairmont, Sofitel, MGallery and Pullman, for a total of 645 properties and 165,000 rooms, it is the third operator worldwide on this segment.
Fairmont Hotels & Resorts has a portfolio of 65 hotels worldwide. As of January 1, 2016, AccorHotels was sixth group in the worldwide ranking of hotel groups with 3,995 properties for a total of close to 554,508 rooms, according to data published by Hospitality ON.
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