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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 S.A. is a French multinational hospitality company that owns, ... [53] and signed a strategic alliance with Singapore's Banyan Tree. [54]
Marriot International, the largest hotel chain in the world by far. This is the list of chain-branded hotels around the world. This is a listing of some of the major hotel brands worldwide.
FRHI Hotels & Resorts (previously known as Fairmont Raffles Hotels International) [2] is a global hotel management company that is based in Toronto, Ontario, Canada.FRHI is the parent company that manages three brands of hotels: Fairmont, Raffles and Swissôtel.
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 ]
Ibis Budget (stylised ibis budget) is a French budget hotel brand owned by Accor. [2] Created in 1992 in France under the name Etap Hôtel , the brand was renamed Ibis Budget in 2011. As of 2018, Ibis Budget managed 614 hotels in 20 countries.
In December 2015, Accor announced the acquisition of FRHI Hotels & Resorts, taking over the Fairmont, Raffles, and Swissotel hotel chains. [9] The $2.7 billion deal was finalized in July 2016. [10] In December 2020, Accor announced that it would be opening a new hotel in Moscow, next to the Kremlin, in the second half of 2022.
Ibis Styles is a French budget hotel brand owned by Accor. [2] Created in 1980 in Australia with the name All Seasons, the brand was acquired by Accor in 1999 and renamed Ibis Styles in 2011. As of April 2023, Ibis Styles manages 642 hotels in 51 countries.