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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
The Fairmont Palliser, formerly known as the Palliser Hotel, is a hotel of the Canada-based Fairmont Hotels and Resorts chain. The historic hotel (1914) is located in downtown Calgary, Alberta, at 133 9 Avenue SW adjacent to the Calgary Tower and Palliser Square. The Palliser is one of Calgary's oldest and most luxurious hotels.
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In 1999, after CP Hotels acquired the Fairmont brand, six CP properties rebranded to supplement the existing 24 Delta ones, and the Delta chain became a wholly-owned subsidiary of CP Hotel's two-thirds-owned Fairmont Hotels and Resorts. [13] In terms of classification, Fairmont was four-star and Delta was a three-star. [14]
In 2006, Kingdom Hotels International and Colony Capital purchased Fairmont, consolidating their hotel brands to form Fairmont Raffles Hotels International (FRHI), which in turn became a subsidiary of AccorHotels in 2016. In 2007, BC Investment Management Corp. bought Delta Hotels, which was purchased by Marriott International in 2015.
HOTELS is a trade publication serving the information needs of the worldwide hospitality industry. Established in 1966, HOTELS is published monthly. [ 2 ] Regular features include design, food and beverage, technology, and a global update section with industry news, executive interviews and marketing stories.