Accor’s $4.1b acquisition of FRHI

Travel News 01 Dec 2015
French hotels giant Accor has agreed to acquire the owner of the Fairmont, Raffles and Swissotel hotel brands. The cash-and-stock deal values the Toronto-based company, FRHI, at about $US3 billion ($4.1bn), making it the third-largest lodging acquisition in a year marked by a burst of merger activity, according to data tracker Dealogic. 

This will propel Accor towards the top of the luxury hotel segment in the market. The group has about 500,000 hotel rooms worldwid

e and 10 international brands, such as Sofitel, M Gallery, Pullman, Novotel, Mecure, Ibis, etc.

With a substantial amount of 42 properties in North America, FRHI would also give the Paris-based hotel operator a presence in the US that it has lacked since it sold the Motel 6 brand in 2012.