Travel

Singaporean Fund GIC May Take $1.5 Billion Stake in 4 Fairmont Hotels

George Rose  / Bloomberg

Fairmont Banff Springs Hotel is one of the hotels in the portfolio of Oxford Properties Group that may be sold in part or in whole to the Singaporean wealth fund GIC. George Rose / Bloomberg

Skift Take: Talks to buy majority stake in the assets of Oxford Fairmont, which owns four iconic Fairmont properties, are ongoing, sources said. A potential deal would be a coup for GIC if it values the Canadian hotels at about $1.5 billion ($2 billion Canadian).

— Sean O’Neill

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