Accor to Buy Raffles Hotel Operator FRHI for $2.9 Billion

Updated on
  • Luxury brands sold by QIA, Kingdom Holding, Oxford Properties
  • Deal combines Sofitel, Novotel, Fairmont, Swissotel brands

Accor to Buy Raffles Hotel Operator for $2.9 Billion

Accor SA agreed to buy the owner of the luxury Fairmont, Raffles and Swissotel brands for about $2.9 billion in shares and cash.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.