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The Fairmont Dubai property was the first Fairmont branded hotel in the Middle East. [12] In 2003, Fairmont introduced Fairmont Heritage Place, a chain of timeshare hotels, with the first opening in Mexico. [13] In 2004, Fairmont Hotels & Resorts Inc. paid $70 million to take full control of the management company that runs its properties.
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 ...
Raffles and Swissôtel joined Fairmont Hotels in the newly formed holding, FRHI Hotels & Resorts, in 2006. [8] In December 2015, Accor announced the acquisition of FRHI Hotels & Resorts, taking over the Fairmont, Raffles, and Swissotel hotel chains. [9] The $2.7 billion deal was finalized in July 2016. [10]
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It was established in 1997 and was owner of 24 hotel and resort properties most of which are located in Canada, but it also had a couple in the United States. Its hotels operate under the Fairmont and Delta names. It had a 24% stake in Fairmont, the rest held by Colony Capital and Kingdom Holding Company.
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Swig was a real estate developer and philanthropist in San Francisco and New York. He was heir to the Fairmont Hotel chain, and former chairman of the Swig, Weiler & Dinner Development Company, of San Francisco and Manhattan, a family-owned real estate company with holdings including the Fairmont Hotels. [4]