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Fairmont is known in Canada for its famous historic hotels and resorts such as the Banff Springs in Alberta and Château Frontenac in Québec . Many of these hotels were originally built by the Canadian Pacific Railway in the late 19th and early 20th centuries. As such, they were operated by Canadian Pacific Hotels And Resorts until CP Hotels purchased Fairmont in 1999 and changed their name to Fairmont Hotels and Resorts. The name change reflected the new international focus of the company and gave name recognition to their subsequently acquired international properties. HISTORY The original Fairmont name began in 1907 with the namesake in San Francisco . The hotel opened following the great earthquake in the city. It was later acquired by Benjamin H. Swig in 1945 . The Fairmont chain consisted of seven properties in the United States including:
In early 2006 , after a contentious bidding war started by investor Carl Icahn . Ichann lost the bid and Fairmont agreed to be sold for $3.9 billion US. Fairmont announced on January 30 , 2006 that the company will be purchased by Colony Capital, LLC and Kingdom Hotels International . It is expected that Fairmont will be integrated into Raffles International /Swissotel, an international luxury chain controlled by affiliates of Colony Capital. PROPERTIES Canadian properties British Columbia
Alberta
Manitoba/Ontario
Québec
Atlantic
American properties
Other North and Central American properties Barbados
Bermuda
Mexico
European properties
Middle Eastern properties
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