FRHI Hotels & Resorts
|
Logo used since 2013 | |
| Private | |
| Industry | |
| Founded | 2006 |
| Headquarters | Toronto, Ontario, Canada |
Number of locations | 105 Hotels (as of October 2013) |
Area served | Worldwide |
Key people | William R. Fatt (Chairman) |
Number of employees | 42,000 (2013)[1] |
| Website |
frhi |
FRHI Hotels & Resorts is a Toronto, Canada based hotel management company owned by Qatar based Katara Hospitality and Saudi Arabia based Kingdom Holding Company.
The Company was formed in January 2006, when Kingdom Holdings and Colony Capital entered into a joint venture. Through that partnership the two groups acquired Fairmont Hotels and Resorts and combined Fairmont's business with Colony Capital owned Raffles Hotels International, the parent for the Raffles and Swissôtel brands. Qatari Diar affiliate Voyager Partners subsequently acquired a majority interest in FRHI Hotels & Resorts in April 2010. The FRHI parent company manages three brands of hotels, Fairmont, Raffles, and Swissôtel with over 100 hotels and resorts in 30 countries worldwide.
The company also owned Delta Hotels at one point but sold the Canadian-based hotel management company in October 2007 to B.C. Investment Management Corporation, a Crown corporation owned by the Government of British Columbia.
Brief history
Started in 1989 to oversee the restoration of Raffles Hotel and the restructuring of Raffles City, the company reopened its flagship hotel on September 16, 1991.
The company purchased the Swissôtel chain in 2001, and took over the then Westin Stamford and Plaza as the contract expired at the end of the year. On January 1, 2002, the two hotels were renamed Swissôtel The Stamford and Raffles The Plaza respectively with a refurbished look.
Former owner Raffles Holdings announced the sale of the chain on July 18, 2005 to Colony Capital from October 1, 2005. The sale included its 41 hotels and resorts, and its hotels under development. This included the landmark Raffles Hotel Singapore, which is on a 100-year lease to Colony Capital. However, Raffles City was owned by Raffles Holdings under Tincel Properties Pte Ltd when it was sold, but was eventually sold to CapitaCommercial Trust and CapitaMall Trust in July 2006.
References
- ↑ "FRHI Hotels & Resorts Background". frhi.com. 2013-09-30. Retrieved 2013-10-05.
External links
Media related to Fairmont Raffles Hotels International at Wikimedia Commons- Official website
