NEW YORK— HOTEL BUSINESS® has learned that the acquisition of Swissotel Hotels & Resorts by Raffles Holdings was officially finalized on June 5. Richard Helfer will assume leadership of the newly merged company under the titles of chairman and president, according to a spokesperson for the company. Per the acquisition, Swissotel has become a brand under the Raffles Holdings umbrella. As previously reported, Andreas Meinhold, president/CEO, stepped down from his position as president/CEO of Swissotel on June 4 to pursue other hotel-related business interests. –Diana M. Rodriguez
Previous ArticleMarcus Hotels Plans To Double Third-Party Mgmt Contract Business
Next Article Stonebridge Hits 10-Year Mark