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Accor Hotels Aims to Double Its Hotels Portfolio in the Next Decade as Well as Expand Its Luxury Offerings

Last year was the year of big moves from hospitality giants. French company AccorHotels was not an exception as last December it announced it would acquire FRHI Holdings, the owner of three iconic luxury hotel brands: Fairmont, Raffles and Swissôtel. Together, FRHI has a collection of 155 hotels and resorts worldwide, of which 40 are under development. AccorHotels will pay for the acquisition by issuing 46.7 million new Accor shares and a cash payment of $840 million. FRHI in Indonesia currently has three properties in Indonesia, with two Fairmonts in Bali and Jakarta, and one Raffles hotel in Jakarta. The
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Yessar Rosendar 4 weeks ago . 5 min read

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Companies
Accor Hotels Aims to Double Its Hotels Portfolio in the Next Decade as Well as Expand Its Luxury Offerings
Last year was the year of big moves from hospitality giants. French company AccorHotels was not an exception as last
YR
Yessar Rosendar 4 weeks ago . 5 min read
Companies
Hendra Adidarma has Built Five Companies Including Propan Raya the Country’s Leading Homegrown Paint and Wood Finishing Firm
HENDRA ADIDARMA IS ONE OF the country’s most successful businessmen. He is a serial entrepreneur who has built five companies
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Ulisari Eslita 2 months ago . 4 min read
Companies
Melia Hotel's Gabriel Escarrer Jaume is Upbeat About Indonesia's Potential
Gabriel Escarrer Jaume, chief executive of Meliá Hotels International (MHI), has a goal for his guests: “You need to come
YR
Yessar Rosendar 2 months ago . 5 min read
Companies
Theo Lekatompessy is successfully transforming Humpuss Intermoda Transportasi
THE GOOD OLD DAYS FOR shipping company PT Humpuss Intermoda Transportasi ended along with the Suharto regime in 1998. The
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Ardian Wibisono 2 months ago . 5 min read

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Entrepreneurs
Orami Hopes to Tap a Big Online Market in Southeast Asia for Mothers and Babies
Every year five million new babies are born in Indonesia—a figure almost equal to the entire population of Singapore—and that
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Andella Romelia 4 weeks ago . 3 min read
Entrepreneurs
Kobe Sees the Promising Market for Seasoning Flour
DESIDERIA “DESI” UTOMO took over her family’s flour business, PT Kobe Boga Utama, by accident. Her parents passed away while
YR
Yessar Rosendar 2 months ago . 4 min read
Entrepreneurs
Zola Yoana Helps Clients Find Love Through Her High-End Matchmaking Service Heart Inc
When age is often considered to have limited the chances of finding a love partner, Zola Yoana, a matchmaker, sees
SA
Sonya Angraini 2 months ago . 6 min read
Entrepreneurs
Hary Tanoesoedibjo Keeps Expanding His MNC Group Despite the Slowdown
Consider the context: The economy grew a projected 4.8% last year, down from 5.0% in 2014 and the slowest growth
SA
Sonya Angraini 2 months ago . 8 min read