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Company type | Subsidiary |
---|---|
Industry | Hospitality |
Predecessor | Canadian Pacific Hotels & Resorts Fairmont Hotels Management |
Founded | 2001[note 1] |
Headquarters | , |
Area served | Worldwide |
Services | Luxury hotels |
Parent | Accor |
Website | www |
Fairmont Hotels & Resorts is a global chain of luxury hotel that operates more than 70 properties worldwide, with a strong presence in Canada.[1]
The company originated from two hotel businesses established in the late 19th century, the Canadian Pacific Limited-owned Canadian Pacific Hotels & Resorts, and Fairmont Hotels. In 1999, Canadian Pacific Hotels acquired a majority interest in Fairmont Hotels; with Canadian Pacific Hotels later renaming its entire hotel portfolio under the Fairmont Hotels & Resorts banner in 2001. Shortly after the hotel division was renamed, Canadian Pacific Limited was split into several smaller companies in a starburst move, with Fairmont becoming a separately-traded company.
In 2006, Fairmont was acquired by Colony Capital, who subsequently entered into a joint partnership with the Kingdom Holding Company; consolidating Fairmont with their other hotel brands, Raffles and Swissôtel to form Fairmont Raffles Hotels International (FRHI). FRHI in turn became a subsidiary of AccorHotels in 2016.
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