Originally Posted by
CDG1
I thought Raffles was owned by Temasek Holdings... at least the Raffles Hotel in Singapore.... I am thinking of the property not the management.
http://www.temasekholdings.com.sg/
:-:
CP/Fairmont used to "own and operate" most of the hotels under the brands but like most other hotels these days, owership and management are now seperate. Most hotels are owned by an investment company and/or REIT and then managed with long term contracts under the Fairmont brand.