Accor to buy owner of Fairmont, Raffles, Swissotel brands for $2.9b

Accor to buy owner of Fairmont, Raffles, Swissotel brands for $2.9b

Ascott Raffles Place Singapore

AccorHotels is buying the owner of luxury hotels including London’s Savoy and New York’s Plaza, in a cash-and-share deal worth $2.9 billion that will also raise the U.S. profile of Europe’s largest hotel group.

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