According to the Sunday Times this weekend, InterContinental Hotels Group (IHG) is closing in on a £1.9 billion GBP deal to buy Fairmont, the luxury Canadian hotel chain that owns a number of iconic hotels including Singapore’s Raffles hotel, London’s Savoy hotel, the Fairmont Monte Carlo (pictured above) and the Fairmont hotels in Hawaii which include the Kea Lani in Wailea Maui and the Orchid on Big Island. The Intercontinental Hotels Group is likely to seal the deal within weeks, according to City sources.
What does the Intercontinental takeover of Fairmont mean for my Fairmont Presidents Club status and nights?
Good question – What happens to Fairmont’s Presidents Club if Fairmont gets taken over by Intercontinental Hotels. Usefully the Fairmont Presidents Club scheme which I reviewed a few months ago, resets on an annual basis, so anyone with 10 nights or 5 stays should be awarded Premier membership at the end of February 2016 and those with 10 stays or 30 nights in 2015 should be awarded Platinum status at the end of February in 2016.
As it is likely that the takeover of Fairmont by Intercontinental will be completed in the next few weeks which means that it is possible that the Fairmont scheme could be transferred over before the Presidents Club renewal date in February although realistically it usually takes a while before amends are made to award schemes so my bet is that I will be given my valuable Platinum status which includes my free night along with my other Platinum bonuses, at least for 2016.
In fact, we do not yet know whether Intercontinental Hotels will rebrand Fairmont at all. Fairmont Hotels are a well-known and well-loved brand, particularly in Canada, so it is possible this brand and scheme will be retained. If not, I for one will be looking forward to the second Intercontinental in London; the Savoy by Intercontinental, as well as a rebranded Intercontinental Monte Carlo and two Intercontinentals in Hawaii, an area surprisingly lacking in hotels from this chain. It does, however, seem very likely that Swissotel will be integrated into the IHG brand as it a number of hotels around the world at a Crowne Plaza level.
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