Fairmont sells Delta
Posted: 04 October 2007 02:38 PM   Ignore ]  
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Wow, the hospitality scene really is like some big, extended, semi-incestuous family. I used to work for Delta in Saint John, NB, and the Residence Inn in Vancouver. Now I hear since leaving Delta, they were sold to some BC Income Trust or something, and I read that this company also just bought CHIP REIT, which owned the RIBM I worked at. Now I work for Wyndham worldwide, although I was looking at Hampton Inn as a potential employer as well. Hampton Inn is part of the Hilton Chain, which was purchased by Blackstone this summer. Blackstone used to own the Wyndham brand, but sold the chain to Cendant a year or two ago, keeping some properties which were rebranded as LXR resorts on the high end and LaQuinta inns on the lower end. Now all it would need to complete the circle is for Blackstone to buy the BCIT or Fairmont to buy Wyndham and it would get even more complex.
Big companies seem to buy and sell chains, names or actual properties like people trade sports cards.

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Posted: 04 October 2007 06:55 PM   Ignore ]   [ # 1 ]  
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NM, what a hilarious post! Of course I know you’re dead serious, but your points are so well taken that they are almost comical.

I’m sad that Delta is no longer part of the Delta family on behalf of Delta employees--not because they’re in for a rough ride or anything, but because they’ve lost all their awesome career advancement and travel benefits with Fairmont.

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Chris Clarke
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Posted: 05 October 2007 07:05 AM   Ignore ]   [ # 2 ]  
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Well, the article mentioned Fairmont is looking to concentrate more on its luxury resorts and develop its European market… which Blackstone has in spades. Wyndham is primarily a US brand, with a few Puerto Rico/Mexico/St. Maarten area resorts- it doesn’t have much in the European market, it only has some (but not all) of the Corinthia properties. It’s eventually going to get difficult to remember who I am working for....wait, I know the answer to this- THE CUSTOMER!

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