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Raffles - FRHI

AccorHotels finalises purchase of FRHI group

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Following the approval of shareholders at the General Shareholders Meeting last week, AccorHotels Group officially announces the acquisition of FRHI Hotels & Resorts (FRHI) and its three prestigious luxury hotel brands: Fairmont, Raffles and Swissôtel.

This addition of three remarkable brands instantly positions AccorHotels as a leading player in the global luxury hotel market, increases long term growth potential and profitability, and significantly expands the company’s footprint in North America, the world’s largest and most influential consumer market.

“Today is a great day for our group,” says Sébastien Bazin, chairman and CEO of AccorHotels. “The acquisition of these three emblematic luxury hotel brands is a historical milestone for AccorHotels. It will open up amazing growth prospects, lift our international presence to unprecedented heights, and build value over the long term.”

FRHI
Joining AccorHotels’ global network is a portfolio of globally admired brands, which includes management of many of the world’s most iconic and historic hotels located in key strategic cities around the world, including: The Savoy in London, Raffles Singapore, Fairmont San Francisco, New York’s The Plaza, Fairmont Le Château Frontenac in Quebec City, and Le Royal Monceau Raffles Paris.

FRHI
Combining FRHI’s proven track record and deep expertise in operating and marketing luxury hotels, with AccorHotels robust global operating platform, extensive loyalty base and industry leading digital capabilities, means the Group is uniquely positioned to deliver the most profitable returns and best growth potential across all market segments.

“We remain committed to providing guests with unparalleled service, while also keeping the ambition to deliver exceptional return on investment for our shareholders and hotel owners,” adds Bazin. “By leveraging the operational synergies between FRHI and AccorHotels, we are well-positioned to accelerate the growth of our luxury brands and offer guests even more exciting hotel choices and destinations to explore.”

Ten Hill Place

Ten Hill Place, Edinburgh joins BW Premier Collection

953 500 Daniel Fountain

BW Premier Collection has announced that Ten Hill Place, in central Edinburgh, will become the tenth member of Best Western Great Britain’s soft branded offering for high end hotels and the first in Scotland.

Operated by the Royal College of Surgeons of Edinburgh Commercial Enterprises, the profits of this hotel go back to the College, which provides education and assessment for medical professionals and trainees. This unique partnership is mirrored by the hotel’s aesthetic, which fuses the traditional Edinburgh Georgian terrace exterior with a modern and elegant interior. Thanks to its links with The Royal College of Surgeons of Edinburgh, Ten Hill Place can offer both historical and purpose-built modern rooms for meetings, conferences, private functions and weddings, along with its fabulous range of bedrooms and suites.

Ten Hill Place
The unusual property is located right in the centre of Edinburgh, with the historic Old Town and Royal Mile just a stone’s throw away. In addition, the Festival Theatre and National Museums are around the corner and the Royal Mile, Edinburgh Castle and Holyrood Palace are just down the road.

Rob Payne, CEO of Best Western GB comments: “We’re delighted to welcome Ten Hill Place into the BW Premier Collection, marking our ten-property milestone. We know our guests will love this city central location paired with the luxury this collection provides. BW Premier Collection is an exceptional proposition for great British hotels that want to retain and celebrate their independence in the knowledge that they have the security of Best Western behind them, particularly in such uncertain times.”

Ten Hill Place
Scott Mitchell, Commercial Director of the Royal College of Surgeons of Edinburgh Commercial Enterprises comments: “Joining BW Premier Collection is an exciting prospect for us, and enables us to reach Best Western’s sales and marketing platforms as well as a group of like-minded hoteliers, each with unique properties.”

BW Premier Collection is Best Western’s premium soft brand for hotels that are 4* and above. It launched in 2014 and Ten Hill Place marks the tenth addition to this exclusive group. Other properties in the group include Hazlewood Castle, Yorkshire and The Richmond, Liverpool.

Photos: www.tenhillplace.com

Grupo Hotusa opens first hotel in Africa in Morocco

Grupo Hotusa makes its debut in Africa with hotel in Casablanca

780 400 Daniel Fountain

Eurostars Hotel Company, the hotel division of Spain’s Grupo Hotusa, is starting in Africa with the opening of its first hotel in Morocco, the Eurostars Sidi Maarouf 4*.

With this latest addition, the company has now reached 158 hotels in 16 countries in three continents and has opened the door to a destination where it intends to expand its portfolio in the coming months.

The president of the Grupo Hotusa, Amancio Lopez Seijas said:“Having a hotel in Africa was an objective we have had for a long time; we are sure that this will be the first of many. We have a lot of expectations in Morocco, a destination that has a great potential for growth in the urban segment”.

Grupo Hotusa opens first hotel in Africa in Morocco

The Eurostars Sidi Maarouf 4* is a new-build modern hotel, located in the La Colline district in the south of Casablanca. It stands out for the elegance and comfort of its facilities, perfect both for pleasure trips and for business trips or small business meetings. The hotel has a multi-purpose hall and two event halls with natural light, both perfect for holding company meetings. The rest of its facilities include an outdoor swimming pool, gymnasium, massage room and yoga room.

The Spanish company has another project on course in Casablanca and is willing to analyse opportunities in Morocco or other African countries, by means of lease contracts, management contracts with purchase of the building or other mixed options, such as franchise. According to Amancio Lopez, “we believe that our know-how, based on over 20 years’ experience running hotels, can be perfectly replicated in several African destinations.”

Marriott-Starwood merger

More twists and turns in Marriott-Starwood merger

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A consortium led by Anbang Insurance has increased its all-cash offer to acquire Starwood Hotels & Resorts to $82.75 per share for $13.9 billion. The revised, non-binding offer is “reasonably likely to lead to a superior proposal” than one from Marriott, allowing the company to engage in discussions with the Beijing-based group, according to a statement from Starwood.

This new offer comes after a bidding war between Marriott International and Anbang. Marriott had struck a $12.2 billion deal to acquire Starwood Hotels & Resorts in November, creating the world’s largest hotel company. But a consortium led by China’s Anbang Insurance Group offered $13.2 billion for the company at $78 per share. Marriott countered by raising its offer to $21 per share, valuing the total bid at $13.6 billion or $79.43 per share.

According to a Marriott statement, it is committed to completing the deal with Starwood but has not yet raised its current offer. “Starwood stockholders should give serious consideration to the question of whether the Anbang-led consortium will be able to close the proposed transaction, with a particular focus on the certainty of the consortium’s financing and the timing of any required regulatory approvals.”

“The Starwood board will carefully consider the outcome of its discussions with the consortium in order to determine the course of action that is in the best interest of Starwood and its stockholders,” Starwood said in a statement.

Under the terms of the consortium’s current, revised proposal, it would acquire all of the outstanding shares of common stock of Starwood for $82.75 per share in cash, an increase of $4.75 per share from the consortium’s prior binding proposal on March 18th, 2016 for $81 per share.