Swissôtel

Infobox Company
company_name = Swissôtel Hotels and Resorts
company_
company_type = Private (subsidiary of Fairmont Raffles Hotels International Inc. which is owned by Kingdom Holdings and Colony Capital, LLC
foundation = 1957
location = flagicon|CHE Zürich, Switzerland
key_people = Meinhard Huck, President
Isidoro Geretto, Vice President, Finance
Petra Goetting, Vice President Marketing and Sales
area_served = International
industry = Hospitality
products = Hotels
revenue =
operating_income =
net_income =
num_employees =
parent = Fairmont Raffles Hotels International Inc.
subsid =
homepage = [http://www.swissotel.com www.swissotel.com]
footnotes =

Swissôtel Hotels and Resorts is a group of hotels pitched at the higher end of the hotel market, based in Zürich, Switzerland. The chain currently includes 27 properties in 15 countries, including five hotels being developed which are slated to open by 2008.

Corporate history

Swissôtel, originally founded in 1980 by SwissAir and Nestlé, was acquired by Raffles Holdings in 2001. The portfolios of both Swissôtel Hotels and Resorts and Raffles Hotels and Resorts were merged to form Raffles International.

In July 2005, Raffles International, was acquired by Colony Capital, LLC, a private investment firm that held a 100% direct equity interest. This transaction garnered the prestigious “Deal of the Year” award for Colony Capital and Raffles Holdings, presented at the 16th annual Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong in October 2005. [http://www.hotel-online.com/News/PR2005_4th/Oct05_AsiaDeal.html Hotel Online Special Report] , 14 October 2005.]

In May 2006, Colony Capital together with Kingdom Holding Company acquired Fairmont Hotels and Resorts, and combined those assets with Raffles. The resulting Fairmont Raffles Hotels International, with corporate headquarters in Toronto, Canada, is comprised of 88 hotels, in 23 countries, under three brands – Fairmont, Raffles and Swissôtel.

Corporate offices for Swissôtel are located in Zürich, Switzerland, headed by President, Meinhard Huck and VP Marketing & Sales, Petra Goetting.

Corporate responsibility

Swissôtel has a high profile approach to corporate social responsibility, which concentrates on charities who help underprivileged children around the world. [http://www.swissotel.com/about_swissotel/corp_social_resp.htm Corporate Social Responsibility] , Swissôtel official site.] The company has formed a link with SOS Children's Villages for which it organises fundraising events such as an annual summer party in Zürich. [http://www.swissotel.com/offers/sos-childrensvillages.htm Information on Swissôtel official site] .] The company has supported particular projects including that in Lavrovo, Oryol, Russia.

Properties

References

External links

* [http://www.swissotel.com/ Swissôtel Hotels and Resorts official website]