Fairmont Hotels CEO on global ambitions
Fairmont Hotels & Resorts CEO William Fatt oversees hotels around the globe operated under the Fairmont, Raffles and Swissotel brands, but with the Qatar Investment Authority as a major investor, he's focused primarily on managing the luxury hotels and says there's just a limited number of hotel brands the company would be interested in owning. "Four Seasons would be an example," Fatt says. "I don't want to in any way imply that that's likely -– but that would be an example of a portfolio addition that would be really, really good. And we pay a lot of money for portfolio additions that strategically fit with us."