AccorHotels Acquisition of Fairmont, Raffles and Swissôtel Completed Today
“Following the approval of shareholders at the General Shareholders Meeting on July 12, 2016, AccorHotels Group officially announces the acquisition of FRHI Hotels & Resorts (FRHI) and its three prestigious luxury hotel brands: Fairmont, Raffles and Swissôtel”, according to this official press release. “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.”
AccorHotels Group — which…
Fodor’s to be Acquired by Internet Brands
Internet Brands — which is the company that owns FlyerTalk and other Internet web sites — has reached an agreement with Penguin Random House to acquire Fodor’s.
“The agreement reflects the growing value and potential of digital and mobile consumer engagement with travel information and content”, according to…
Carlson Hotels Acquired by HNA Tourism Group
Consolidation in the global lodging industry continues, as illustrated by this press release revealing the agreement that Carlson Hotels, Incorporated — which was founded by Curt Carlson in 1938 — is to be acquired by HNA Tourism Group Company, Limited.
No details have been given at this time as to the financial information associated with the acquisition; nor has a specific timeline of the completion of the acquisition yet been released publicly; although…
“So What Will Happen to My Miles?” Alaska Airlines to Acquire Virgin America
Well, here we go again: yet another airline merger has been announced, as the news of Alaska Airlines to acquire Virgin America for $2.6 billion in cash seems to have people generally more puzzled than emotional about it — and there has been plenty of emotion regarding this announcement.
The announcement is being discussed ad nauseum just about everywhere by the media and authors of weblogs, speculating what will happen, what if this, will this that. What a waste of time.
Let us first stick to what we do know — or can fairly reliably predict, anyway…
Could Carlson Rezidor Hotel Group Be Sold or Acquired?
“Carlson, the owner of Radisson and other hotel brands that are part of Carlson Rezidor Hotel Group, is exploring strategic alternatives for the hotel company that could include a partnership, merger or sale of the company, according to people familiar with the matter.”
I normally do not engage in articles pertaining to rumors; but I found this article written by…
Reminder: Motel 6 is NOT Owned by AccorHotels
“They will get free tissues to cry into at the Motel 6” is what bluecat — a reader of TravelBloggerBuzz — posted in response to how members of the President’s Club frequent guest loyalty program feel about the announcement of AccorHotels to acquire Fairmont, Raffles and Swissôtel by issuing 46.7 million new Accor shares and a cash payment of $840 million.
I have been seeing references around the Internet — such as aforementioned comment — which seem to imply that the Motel 6 lodging chain is still owned by AccorHotels.
Although it is true that AccorHotels purchased the budget motel brand back in 1990, it had sold the Motel 6 and Studio 6 lodging chains to…
AccorHotels to Acquire Fairmont, Raffles and Swissôtel
The consolidation of the lodging industry appears to be in full swing with the latest announcement of AccorHotels to acquire Fairmont, Raffles and Swissôtel by issuing 46.7 million new Accor shares and a cash payment of $840 million, according to this official press release.
This strategic deal — which will include greater than 56,000 rooms in 155 hotel and resort properties, of which 40 are currently under development — is…
Devaluation? What Devaluation?!? What the Truth Might Sound Like…
“Devaluing points or member benefits is not the way to preserve and strengthen these programs” is what Arne Sorenson — who is the president and chief executive officer of Marriott International, Incorporated — says to allay those fears in this video in which he stars in order to assure you that you have nothing about which to be concerned…
Marriott Acquires Starwood: Initial Thoughts
The following statement was posted on Monday, November 2, 2015 at 7:51 in the morning Eastern Standard Time in this discussion: “It is all over the news these days: Hyatt is in talks to take over Starwood. I wonder why Marriott did not step up their game and try to take over them.”
The rationale of the then-uncanny and unintentional prognostication by FlyerTalk member Muerz is that Marriott International, Incorporated and Starwood Hotels and Resorts Worldwide, Incorporated “would be a perfect fit for one another since Starwoods biggest problem is their limited availability in small markets and limited service brands while Marriotts problems are aspirational properties in the highend segment on one side and market penetration problems in Europe on the other side – both of which Starwood could provide.”
Had Muerz not added the statement “So sad they miss this opportunity!”, Muerz might have looked like a genius amongst all of the rumors which were rampant about Hyatt Corporation and Starwood Hotels and Resorts Worldwide, Incorporated possibly merging — and those rumors turned out to be nothing more than a waste of time and bandwidth.
The big news today is that Marriott International, Incorporated announced its acquisition of Starwood Hotels and Resorts Worldwide, Incorporated for $12.2 billion, ensuring…
…So Which Airline Actually Died Today: US Airways or American Airlines?
Although the airline technically no longer exists since the operating certificates of US Airways and American Airlines were combined into one single operating certificate as approved by the Federal Aviation Administration of the United States effective as of Wednesday, April 8, 2015, the last flight to be operated by US Airways will be flight 434 — an overnight flight which is scheduled to depart from San Francisco at approximately 10:00 in the evening Pacific Daylight Time on Friday, October 16, 2015; and is scheduled to land at Philadelphia International Airport sometime after 6:00 in the morning Eastern Daylight Time on Saturday, October 17, 2015 — and the official Internet web site of US Airways will shut down.”
The differences between that paragraph and what actually happened was…
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