“The market for luxury accommodations in Morocco and Saudi Arabia is growing at a rapid pace with an excellent outlook for investment performance,” said Sami Nasser, Senior Vice President of Operations for FRHI in the Middle East, Africa and India (MEAI). “We are happy to increase our presence and our commitment to these dynamic regions and look forward to successfully launching these new hotels while continuing to explore future development opportunities throughout the region and globally.”

Fairmont joins Accor

2016 marks exciting new chapter for Fairmont Hotels & Resorts as the luxury brand joins AccorHotels Group, one of the world’s largest global hotel companies. This historic milestone offers an unparalleled growth opportunity for Fairmont, and instantly positions AccorHotels as a global hospitality leader and a key player in the luxury hotel market.

AccorHotels operates in more than 95 countries, and together with Fairmont and its sister brands Raffles and Swissôtel, will grow to more than 4000 recognised luxury, midscale and economy hotels and resorts, including Sofitel, Pullman, MGallery, and Novotel.

Rendering of Fairmont’s new Mexico property.