The companyĺs eventful history began with its founding, all those years ago, by Swissair and NestlÚ. The company assembled its initial portfolio of hotels by acquiring Hotel Le PrÚsident in Geneva and signing management contracts for Hotel Drake in New York, Bellevue Palace in Berne and Hotel International in Zurich. In 1990, the hotel group became a fully-owned subsidiary of SAirRelations/SAir Group and in 1996 its head office was relocated from Zurich to New York. In 2001, Swiss˘tel Hotels & Resorts was sold to Raffles Holdings Limited in Singapore shortly before Swissair was grounded. In 2005, the Los Angeles based firm Colony Capital LLC, a global private investment group specialising in the management of real estate assets and companies, bought Raffles International, which at the time owned the Swiss˘tel and Raffles brands.
Then in May 2006, Colony Capital together with Kingdom Hotels International also acquired the Canadian hotel group Fairmont and founded the new hotel chain Fairmont Raffles Hotels International (FRHI) with its head office in Toronto, Canada. The group now comprises nearly 100 hotels in over 25 countries, operating under three strong brand names: Fairmont, Raffles and Swiss˘tel Hotels & Resorts.
Under the new umbrella brand, the corporate office of Swiss˘tel Hotels & Resorts moved back to Zurich, and since 2003 the German born Meinhard Huck has been President of the company. After a rich and varied 30-year history, Swiss˘tel Hotels & Resorts (swissotel.com) continue to meet the exacting demands of business travellers and holidaymakers alike. The deluxe hotels are known for their modern design combined with characteristically Swiss touches and exceptional levels of Swiss hospitality. The name Swiss˘tel stands for competent, personal service with a smile. The hotels are located in major destinations and metropolises all over the world, and most are situated in the city centre, only a stone's throw from the shopping and business districts and the local attractions. Many of Swiss˘tel's establishments have won international awards.
"Back in 1980 the Swiss˘tel name covered a number of separate hotels, each with their own individual identity. Today, though, it represents an outstanding international hotel chain whose corporate identity and brand name have become a symbol of superior quality in the hotel business", says Meinhard Huck, President Swiss˘tel Hotels & Resorts. "We are delighted to have the chance to officially celebrate our company's anniversary in 2010 with our guests."