Who Owns Fairmont?

Fairmont is owned by Accor S.A., the French multinational hospitality company listed on Euronext Paris under the ticker AC. Accor acquired Fairmont, Raffles, and Swissotel in 2016 through its $2.9 billion purchase of FRHI Hotels & Resorts. The brand operates 97 hotels with 35,957 rooms worldwide as of June 2026, including landmark properties such as Fairmont San Francisco and Fairmont Banff Springs.

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Parent Company

Accor S.A.

Acquired

2016

Status

Publicly Traded

Headquarters

Paris, Ile-de-France, France

Fairmont Timeline

1907

Fairmont

Founded by Virginia Fair Vanderbilt, Theresa Fair Oelrichs

Founded

2016

Acquired by Accor S.A.

Accor S.A. acquired Fairmont

Acquired

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Who Owns Fairmont?

Parent Company: Accor S.A.
Ownership Type: Wholly owned
Acquisition Year: 2016
Company Type: Publicly Traded
Stock Ticker: Euronext Paris: AC

Brand	Parent Company	Ownership Type
Fairmont	Accor S.A.	Wholly owned

History of Fairmont

Founded: 1907
Founders: Virginia Fair Vanderbilt, Theresa Fair Oelrichs
Acquired by Accor S.A.: 2016

The Fairmont name dates to April 1907, when the Fairmont San Francisco opened atop Nob Hill, almost exactly a year after the 1906 earthquake destroyed the nearly completed building. The hotel was built by sisters Virginia Fair Vanderbilt and Theresa Fair Oelrichs in honor of their father, Senator James Graham Fair, and it became one of the defining hotels of the American West.

The Fairmont remained a small luxury operation for most of the twentieth century, adding properties including the Fairmont Miramar and, eventually, management contracts on landmark hotels such as The Plaza in New York, which it took over in 1995.

The brand's transformation came in 1999 when Canadian Pacific Hotels acquired Fairmont Hotels and adopted the Fairmont name for its entire portfolio. Canadian Pacific had inherited the grand railway hotels built by the Canadian Pacific Railway, including the Banff Springs Hotel, Chateau Lake Louise, the Royal York in Toronto, and the Empress in Victoria. The merger created the largest luxury hotel management company in North America and gave Fairmont its distinctive identity: a mix of historic railway castles and city landmarks.

In 2006, Kingdom Hotels International and Colony Capital formed FRHI Hotels & Resorts by combining Fairmont with the Raffles and Swissotel brands. Under FRHI, the portfolio expanded internationally with properties in Europe, the Middle East, and Asia.

Accor's July 2016 acquisition of FRHI for $2.9 billion folded Fairmont into the French group. Under Accor, the brand has grown to 97 hotels across 34 countries as of mid-2026. Recent openings include Fairmont Mumbai, Fairmont Golden Prague, Fairmont Xiamen, Fairmont Tokyo, Fairmont Udaipur Palace, and Fairmont La Hacienda on Spain's Costa del Sol in 2025, with Fairmont Hanoi and Fairmont New Orleans opening in 2026. The pipeline exceeds 27 additional hotels.

The brand has also leaned into its golf and heritage positioning, marketing 18 golf resorts and a collection of centenarian properties as differentiators in the luxury segment.

About Accor S.A.

Is Accor a French company?
Yes. Accor is headquartered in Issy-les-Moulineaux, France, near Paris, and listed on Euronext Paris as a CAC 40 constituent. It operates in more than 110 countries but remains French-controlled.

Does Accor own Fairmont and Raffles?
Yes. Accor acquired FRHI, the parent of Fairmont, Raffles, and Swissôtel, in 2016 for approximately $2.9 billion, adding a full luxury tier to its historically midscale-focused portfolio.

What was Accor's revenue in 2025?
Accor reported FY2025 revenue of €5.64 billion, up 4.5 percent at constant currency, with record recurring EBITDA of €1.2 billion and net income of €449 million.

How many hotels does Accor have?
Accor operated 5,836 hotels with 881,427 rooms at the end of 2025, across 45-plus brands in more than 110 countries, with a pipeline of 1,527 hotels.

Who is the CEO of Accor?
Sébastien Bazin has been Chairman and CEO since 2013. He led the company's transformation into an asset-light hotel manager and its expansion into luxury and lifestyle segments.

Is Novotel owned by Accor?
Yes. Novotel was Accor's original brand, founded in 1967 by Paul Dubrule and Gérard Pélisson in Lille, France. It remains one of the company's flagship midscale brands with around 600 hotels.

Founded: 1967
Headquarters: Issy-les-Moulineaux, Île-de-France, France
Company Type: Publicly Traded
Stock: Euronext Paris: AC
Revenue: €5.64 billion (FY2025)
Employees: Approximately 290,000

Visit Accor S.A. website

View full company profile for Accor S.A.

Where Is Fairmont Made / Based?

Headquarters: Paris, Ile-de-France, France

Fairmont Categories & Tags

Hotels Luxury Hospitality Resorts Travel

Fairmont Sustainability & Ethics

Fairmont properties operate under Accor's ESG framework, which includes commitments to eliminate single-use plastics in guest areas, carbon reduction targets aligned with the Science Based Targets initiative, and food waste reduction programs across the portfolio. Accor publishes an annual sustainability report covering all brands.

Several Fairmont properties hold independent green certifications through programs such as Green Key and LEED, and the brand's heritage buildings have made energy retrofits a focus. Individual hotels, including Fairmont San Francisco and several Canadian properties, have run rooftop apiaries and local sourcing programs that predate the Accor acquisition.

Awards & Recognition

Fairmont hotels appear regularly on the Conde Nast Traveler Readers' Choice and Travel + Leisure World's Best lists, with properties such as Fairmont Banff Springs and Fairmont Mayakoba earning repeat rankings. The Savoy, managed by Fairmont, holds a place among the most decorated hotels in London. Several Fairmont properties are members of Historic Hotels of America and Historic Hotels Worldwide, recognizing their heritage status.

Fairmont Recalls & Controversies

Fairmont has no major brand-level recalls or corporate controversies of note. Individual properties have faced localized labor disputes over the years, including hotel worker strikes at the Fairmont San Francisco during the 2018 Marriott-adjacent labor actions that spread across the hotel industry. These were resolved through standard collective bargaining.

The 2016 Accor acquisition drew some concern from preservation advocates about whether heritage properties would be maintained under corporate ownership. No significant service or property quality issues have been documented since.

Fairmont Ownership: Pros & Cons

Advantages

+Access to Accor's ALL loyalty program with more than 110 million members
+Global distribution and sales network across 110-plus countries
+Development capital for expansion into Asia-Pacific and Middle East markets
+Shared procurement and operating systems reduce hotel-level costs

Considerations

-Brand managed by property owners rather than operating its real estate directly
-Must share Accor attention and capital with 45-plus sister brands
-Luxury tier competition from JW Marriott, InterContinental, and Conrad is intense
-Heritage property maintenance requires sustained owner investment Accor cannot fully control

Sources & Further Reading

Competitors to Fairmont

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

Brand	Parent Company	Country	Founded	Market Position	Primary Market	Gender Target
Radisson Hotels	Radisson Hotel Group	Belgium	1960	Premium	Global	All-ages
Best Western Plus	Worldhotels	USA	2003	Leader	Global	All Genders
Country Inn & Suites by Radisson	Choice Hotels	USA	1987	Mid market	North america	All Genders
Gaylord Hotels	Marriott International	USA	1977	Premium	United states	All Genders
Loews Hotels	Loews	USA	1946	Premium	United states	All Genders
Wyndham Garden	Wyndham Hotels	USA	1993	Mid market	Global	All Genders