Europe’s largest hotel group Accor SA could announce plans to buy Canada-based FRHI Hotels & Resorts as early as next month – for about $3 billion – insiders told The Wall Street Journal Thursday. FRHI hired Deutsche Bank and Morgan Stanley to estimate the market value of the company, the newspaper said, before coming to an agreement.
FRHI operates luxury hotel brands like Fairmont, Raffles, and Swisshotel.
Photo: Fairmont
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