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In 2005, Colony Capital bought Raffles Holdings for $1 billion from the Singapore government. 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]
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 .
Raffles Singapore is a historic luxury hotel at 1 Beach Road, in Singapore. It was established by Armenian hoteliers, the Sarkies Brothers , in 1887. The hotel was named after British statesman Sir Thomas Stamford Raffles , the founder of modern Singapore.
Fairmont Singapore (Chinese: 费尔蒙特酒店) is the sister hotel located within the Raffles City complex in Singapore. It has a total of 778 rooms and suites housed within two 26-storey towers. It has a total of 778 rooms and suites housed within two 26-storey towers.
Raffles Holdings was the parent company of Raffles International, owned by Temasek Holdings which is the investment arm of the Singapore government. In 2005, Raffles Holdings' hotel business ranked 17th or 18th in the world in terms of market capitalization and number of rooms, all marketed under the Raffles and Swissôtel brand names.
Raffles City is a large complex located in the Civic District within the Downtown Core of the city-state of Singapore.Occupying an entire city block bounded by Stamford Road, Beach Road, Bras Basah Road and North Bridge Road, it houses two hotels and an office tower over a podium which contains a shopping complex and a convention centre.
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