
The Middle Eastern owners of the luxury positioned hotel group may try to sell the entity which brings together the brands Fairmont Hotels & Resorts, Raffles and Swissotel.
Based in Toronto, FRHI Hotels & Resorts had a portfolio of 119 hotels (including 74 under the brand Fairmont Hotels & Resorts) as of January 1, 2015, representing some 45,192 rooms (including 30,518 just for Fairmont Hotels & Resorts), according to data released by MKG Hospitality. It was 27th in the ranking of global hotel groups by number of rooms realized every year by the hospitality consulting firm (read our article).
A few days ago, the financial press was already beginning to report on discussions among the current shareholders of the hotel group Fairmont Raffles International, preparing a possible exit of Prince Al-Waleed through Kingdom Holding Company.
Also read:
- FRHI sets its sight on developing markets
- Fairmont develops a new hotel in the east of China
- Katara Hospitality is ready to take the majority of Fairmont Raffles International
