Singapore’s iconic Raffles Hotel will embark on a 16-month restoration programme starting January 2017, the hotel announced on Tuesday. SINGAPORE’S iconic Raffles Hotel will embark on a 16-month restoration programme starting January 2017, the hotel announced on Tuesday. Structurally, the heritage property will remain unchanged; it was declared a national monument in 1987. As such, the...
Raffles Hotel
Europe's largest hotel operator, Accor, has agreed to a deal to buy FRHI Holdings - the company that owns hotel brands Fairmont, Swissotel and Raffles - in a deal worth about US$2.9 billion (S$4.1 billion) in cash and shares. FRHI is jointly owned by the Qatar Investment Authority (QIA), Kingdom Holding Company of Saudi Arabia and Oxford Properties, the real estate division of the Ontario Municipal...
Parent company, however, quietly changes name to Beach Road Hotel He had initially thought Singapore's grand dame Raffles Hotel was to be renamed Beach Road Hotel, after reading a memo last month from the hotel to its tenants. Tenants were told to address their cheques to Beach Road Hotel (1886) Ltd instead of Raffles Hotel (1886) Ltd. As the letter "wasn't very clear", the employee checked with the...
A BRITISH newspaper report has sparked off talk that Singapore’s Raffles Hotel could change owners yet again, for the second time in four years. Citing unnamed hotel industry sources, the Times of London reported yesterday that Fairmont Raffles Hotels International (FRHI) — in which Saudi Prince Alwaleed bin Talal’s Kingdom Holding Company has a controlling stake — is putting the iconic property...
Fairmont Raffles Hotel Int'l sells its stake in Raffles Hotel to ex-Credit Suisse banker THE Grand Dame of Singapore will be getting a new master — yet again. Fairmont Raffles Hotel International — controlled by Saudi Arabian billionaire Prince Alwaleed bin Talal and United States-based private-equity company Colony Capital — is selling its stake in the 120-year-old Raffles...
You may be familiar with the 121-year-old grand dame that is Raffles Hotel, but some surprises are in store at her offshoots in far-flung corners of the world. what you might not know ... • The Raffles Beijing will host the International Olympics Committee come the Games in August. It is, of course, fully booked. • The historic Le Royal Monceau in Paris will be closed for restoration works in June...
Iconic hotel group aims for 30 properties worldwide by 2012 When it was bought over by American owners in 2005, controversy erupted: How could you sell what was a historical icon and quintessentially Singaporean brand name, asked some. Today, the Raffles Hotel brand is spreading like wildfire to some far-flung corners of the world. Indeed, within the first 10 months of its acquisition, the Raffles family...