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Mövenpick Hotels & Resorts (German pronunciation: [ˈmøːvənpɪk]; English: / ˈ m uː v ə n ˌ p ɪ k /) is a Swiss hotel management company headquartered in Baar, Switzerland.It is fully owned by Accor since the September 2018 acquisition from former shareholders Mövenpick Holding (66.7%) and the Saudi-based Kingdom Group (33.3%).
Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. [5] It is the largest hospitality company in Europe, and the sixth largest hospitality company worldwide. [6] Accor operates 5,584 locations in over 110 countries.
FRHI Hotels & Resorts (previously known as Fairmont Raffles Hotels International) [2] is a global hotel management company that is based in Toronto, Ontario, Canada. FRHI is the parent company that manages three brands of hotels: Fairmont, Raffles and Swissôtel. These hotel chains collectively include more than 100 hotels and resorts in over ...
In 2006, Kingdom Hotels International and Colony Capital purchased Fairmont, consolidating their hotel brands to form Fairmont Raffles Hotels International (FRHI), which in turn became a subsidiary of AccorHotels in 2016. In 2007, BC Investment Management Corp. bought Delta Hotels, which was purchased by Marriott International in 2015.
Novotel is a French midscale hotel brand owned by Accor. [1] Created in 1967 in France, the company grew into what became the Accor group in 1983, and Novotel remained a pillar brand of Accor's multi-brand strategy. Novotel manages 559 hotels in 65 countries (2021). [2] Since 2010, Novotel also includes the apartment hotel brand Novotel Suites. [2]
In 2007, AccorHotels revived the upscale Pullman hotel brand to cater to business travelers. [4] The 24-storey Pullman Dubai Mall of the Emirates (MoE) Hotel, the first of Pullman's properties in the Middle East, opened in 2010. [5] Its fourth property in the region, the Pullman Dubai Jumeirah Lakes Towers, opened in 2015. [6]
Ibis Budget (stylised ibis budget) is a French budget hotel brand owned by Accor. [2] Created in 1992 in France under the name Etap Hôtel, the brand was renamed Ibis Budget in 2011. As of 2018, Ibis Budget managed 614 hotels in 20 countries. [1]
In November 2020, all of SBE Entertainment Group's hotel holdings were sold to Accor, after the latter already acquired a 50% stake in 2018. The majority of former MHG hotels is now being operated by Accor's lifestyle subsidiary Ennismore. A few of the former hotels however, including the Morgans Hotel itself, are now closed. [citation needed]
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