FRHI can grow its hotel chain incredibly fast because it is a third-party development company that w

FRHI, the operator behind luxury and upper upscale hotel brands Fairmont Hotels Resorts , Swissôtel Hotels the atlantic hotel in fort lauderdale Resorts and Raffles Hotels Resorts , plans to open seven new hotel properties (about 1,300 rooms in total) this year, including two near Sochi, Russia in time for the Winter Olympic Games next month.
Expansion the atlantic hotel in fort lauderdale is a key strategic priority at FRHI, and we have aggressive development plans in place to achieve our projected target of 50% growth over the next five years, said Michael Glennie, the president and chief operating the atlantic hotel in fort lauderdale officer of FRHI. Growing our brands with the right product, in the right markets is a key part of our development strategy, so we re very excited to be entering or increasing our presence in a number of top worldwide locations this year.
As befitting its strong Canadian roots, FRHI’s central operations are in Toronto, where it has approximately 350 employees. The company’s holdings include the hotels that were owned  by the country’s two national railways – CPR purchased CN’s hotel chain in 1988 and formed Canadian Pacific Hotels and Resorts, making it the country’s biggest hotel owner at the time. CP Hotels later purchased Delta Hotels, Princess Hotels and the Fairmont Hotels chain. the atlantic hotel in fort lauderdale The company was acquired in 2006 by Kingdom Hotels International and Colony Capital, which brought with them the Raffles and Swissotel chains.
Taylor said that the five-year expansion will see growth at all three chains. “It comes back to when development opportunities present themselves, we take a look at the market, the type of product that is being developed, who the partner is, and what does that best align with on our brand side.”
FRHI can grow its hotel chain incredibly fast because the atlantic hotel in fort lauderdale it is a third-party development company that works with and for the ultimate owner of the property. “We actually don’t own the assets that are being developed; we are a partner and are coming in to manage the property.”
Typically, FRHI will take on a 30- or 40-year hotel management contract. Actual ownership of the hotels ranges from private equity to individual owners, said Taylor. “It is really all over the board.”
Beyond the seven hotels and resorts planned for 2014, FRHI has development projects underway in markets such as India, Russia, Indonesia and China set to open over the next five years. the atlantic hotel in fort lauderdale International expansion for all three brands will focus on key markets in Europe, Asia, the Middle East and Africa.
* Swissôtel Sochi Krasnaya Polyana , Russia -  Two new Swissôtel properties will open in Russia prior to the 2014 Winter Olympic Games in Sochi. Swissôtel Sochi Krasnaya Polyana, about 35 miles (60 km) from the center of Sochi city, will feature 166 guestrooms and suites including six Mountain View Penthouse Suites. The resort will be close to shopping and dining and only a few meters away from the area s best skiing facilities.
* Swissôtel Sochi Kamelia , Russia (shown in the image) A beach resort that is a reconstruction of a historical building with two modern side wings, it is situated in a natural park overlooking the Black Sea. It will feature 203 deluxe, contemporary guestrooms and suites, many with sea views, as well as two restaurants.
* Swissôtel Bodrum Beach , Turkey This new property will occupy a waterfront the atlantic hotel in fort lauderdale location in Turgutreis, with close proximity to the centre of Bodrum the atlantic hotel in fort lauderdale and the airport. The two-storey hotel will comprise 66 guestrooms the atlantic hotel in fort lauderdale and suites as well as villas and duplex terraces which will house 72 private residences.
* Fairmont the atlantic hotel in fort lauderdale Riyadh, Business Gate, Saudi Arabia This property will be part of a new mixed-use development the atlantic hotel in fort lauderdale project that will include the hotel, a convention center and commercial real estate space. The hotel will feature 287 guestrooms, including Fairmont Gold, the brand s exclusive hotel within a hotel offering.
* Raffles Istanbul, Turkey Part of the new Zorlu Center, the atlantic hotel in fort lauderdale one of the largest developments in the city and Turkey s first and only mixed-use project, the hotel will include 130 guestrooms and 51 suites. Will include a 12,916 square foot ballroom, swimming pools and a helipad.
* Raffles Jakarta, Indonesia -  Located in the central business district’s Ciputra World Jakarta development, the 180-room hotel will feature the atlantic hotel in fort lauderdale a 26,910-square-foot ballroom, four meeting rooms and a 11,840-square-foot Raffles Spa.
Paul Brent is a writer, editor and media trainer based in Toronto with over 25 years experience as a business reporter. He has written for Canada's major news services on staff at the National Post and subsequently the atlantic hotel in fort lauderdale as a freelance writer. Other articles from Paul Busy times ahead for Fengate in wake of $220M purchase Who is hurt the most by REIT slowdown? RBC’s Downey predicts further the atlantic hotel in fort lauderdale REIT slowdown in 2014 Busy Crestpoint benefits from REITs’ mid-2013 retreat FAM REIT will be ready when rates rise, CEO vows