Accor Hotels Group has won approval to acquire FRHI Hotels & Resorts (FRHI) and its three hotel brands: Fairmont, Raffles and Swissôtel.
Fairmont, Raffles and Swissôtel encompass 154 hotels and resorts of which 40 are under development with 56,000 bedrooms spanning 34 countries in five continents.
The three hotel will now join the AccorHotels Luxury Brands. This grouping incorporates Raffles, Fairmont, Sofitel Legend, So Sofitel, Sofitel, MGallery by Sofitel, Pullman and Swissôtel.