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In 2009, Banyan Tree Global Foundation was created as part of Banyan Group Limited. In December 2016, Banyan Tree entered into a partnership with a French hospitality company, Accor. As part of the deal, Accor would invest €16 million to Banyan Tree in exchange for a 5% stake in the company, with the option to purchase an additional 5% stake. [2]
Accor launched the new midscale hotel brand Tribe (born under the Mantra Group Management). [74] After buying 50% of the SBE Entertainment Group (owner of Mondrian Hotels) in October 2018, Accor and SBE jointly launched the luxury hotel brand The House of Originals, [75] and the premium hotel brand Hyde in Australia. [76]
FRHI is the parent company that manages three brands of hotels: Fairmont, Raffles and Swissôtel. These hotel chains collectively include more than 100 hotels and resorts in over 30 countries worldwide. Since 2016, the company has been owned by AccorHotels, a French multinational hotel firm. [3] AccorHotels purchased FRHI for $2.7 billion. [4]
In 2014, the AccorHotels group announced its intent to double its Asia-Pacific portfolio with the opening of 47 new Pullman hotels in the region, 38 of those in China. [13] That same year, the 338-room Pullman Shanghai South opened, making it the 15th Pullman property in China, and the 45th in Asia-Pacific. [ 14 ]
The hotel turned a profit within 18 months of operations. [3] In 1980, Sofitel was purchased by Novotel SIEH (renamed Accor in 1983), and joined the group's hotel brands: Novotel, Mercure, Ibis. [4] The first Sofitel in Colombia opened in 1995, [5] and the first Sofitel in Japan opened in 1996. [6]
AC Hotels by Marriott, formerly named AC Hoteles C. A., is a midscale hotel chain owned by Marriott International serving business and leisure travelers. As of June 30, 2020, it had 170 hotels with 25,811 rooms in addition to 135 hotels with 23,172 rooms in the pipeline.