Raffles Hotels & Resorts [SEP] inception
Raffles Hotels &amp; Resorts
Raffles Hotels & Resorts is a chain of luxury hotels which traces its roots to the 1887 opening of the original Raffles Hotel in Singapore. The company started to develop internationally in the late 1990s, and it acquired Swissôtel in 2001. The hotel chain is owned by AccorHotels, which acquired FRHI Hotels & Resorts in 2016. As of November 2017, Raffles Hotels & Resorts operates 11 luxury hotels.
History.
History Raffles Hotel.
Raffles Hotels & Resorts was formed in 1989 to restore
continued as a wholly owned subsidiary of CPH, but were later merged into the Fairmont Hotels and Resorts group, as Canadian Pacific Hotels and Resorts was renamed in 2001.
History Recent Developments.
On 11 May 2006, an agreement for the acquisition of Fairmont Hotels and Resorts by Kingdom Hotels International and Colony Capital LLC for US $4.5 billion was announced. The Fairmont Hotels and Resorts group was combined with two other subsidiaries, Raffles Hotels & Resorts and Swissôtel Hotels and Resorts, to form Fairmont Raffles Hotels International, with 120