Fairmont Hill

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Fairmont Hill is a joint venture of the American entrepreneur Edward Fairmont Jr., who became famous in the United States at the turn of the century. and Richard Hill. Fairmont and Hill founded a joint venture in 1950 to develop and establish real estate investments on a worldwide level based on their respective longstanding experience as hoteliers (Edward Fairmont) and bankers (Richard Hill).

Company history

Around 1900, the first hotel of the Fairmont family opened in San Francisco , California . With the establishment and opening of further hotels, the family name quickly became known for the hotel industry at the highest level. The Fairmont family's hotels and resorts were considered the preferred accommodations for celebrities, nobles and heads of government of all nations. To this day, the family-owned hotel chain is one of the most important hotel and resort groups in the world.

As a silent partner, Mr. Richard Hill, a long-time friend of the Fairmont family, joined the well-established group in 1939 and capitalized the company significantly. Through its monetary participation, a split up of the group and a partial sell-off, which the Fairmont company threatened due to bad speculation on the stock exchange in the summer of 1935, could be avoided . Hill always remained in the background until the joint venture Fairmont-Hill was founded in 1950, which has since operated in parallel with the business operations of the Fairmont Group.

In 1956, Hill and a Compagnon (Joseph v. Costello) founded another company in his hometown of San Francisco that specialized in avant-garde real estate projects of the late 1950s, Hill & Co. Enterprises . Hill sold his stake in the company a few years later and donated the full proceeds to St. Luke's Hospital in San Francisco, where a children's cancer research center was established thanks to the donation from Mr. Hill. Even today, a bronze bust of Mr. Hill in the hospital lobby testifies to his generous support.

Fairmont Hill's core competency

Since it was founded in 1950, Fairmont Hill's core competence has focused on private and commercial project development , the fiduciary management of real estate, and the construction and acquisition of properties that were largely kept in the company's own portfolio. The spectrum ranges from free-standing single houses to apartment complexes to larger residential and commercial buildings. In addition, the company has invested extensively in luxury hotel and resort projects in South and North America as well as in Europe over the past 25 years. The real estate assets of own properties amounted to 44 million US dollars in 2008. Another pillar of the company are international imports and exports, for which the company maintains its own container ship , among other things .

sales

In the past few years, Fairmont Hill, including its hotel sector, had an average annual turnover of 430 million euros and was thus above the results of its closest competitor, Steigenberger Hotels .

Social engagement

Since the company was founded, it has been one of the declared goals to be active in the area of ​​social engagement. In order to do justice to this goal, on the initiative of the family of the co-partner Hill, a foundation was established , which was located in Switzerland. The assets were made up of a private donation from the family in the amount of 25 million Swiss francs and formed the basis for a high level of charitable commitment. The Hill Family Foundation is still active today.

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