18 JULY 2016


Readers are invited to add their comments to any story. Click on the article to see and add.


BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.


Email this Page

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
© 2020 Business Travel News Ltd.

Article from BTNews 18 JULY 2016

Accor takeover at the Savoy

Three top hotel brands, Fairmont, Raffles and Swissotel, have changed hands with the acquisition of FRHI Hotels and Resorts by AccorHotels.

The French multi-national said the deal “increases long-term growth potential and profitability and significantly expands the company’s footprint in North America, the world’s largest and most influential consumer market”.

The acquisition gives Accor management responsibility for iconic and historic properties in key strategic cities, including the Savoy in London, Raffles Singapore, Fairmont San Francisco, the Plaza in New York, Fairmont Le Château Frontenac in Quebec City, and Le Royal Monceau Raffles Paris. 

Accor chairman Sébastien Bazin said: “Today is a great day for our group. The acquisition of these three emblematic luxury hotel brands is an historical milestone for AccorHotels.

“It will open up amazing growth prospects, lift our international presence to unprecedented heights, and build value over the long term.”

Following the acquisition, and as part of Accor’s strategy to strengthen its luxury and upmarket business, the company has named Chris Cahill as chief executive officer/luxury brands. 

He brings more than 30 years’ industry experience to the post, serving most recently as EVP/global operations at the Las Vegas Sands group.


Index/Home page

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum

No one has commented yet, why don't you start the ball rolling?

Add your comment

First Name
Email Address
Company (Not obligatory)
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.