In 1998 Canadian Pacific Hotels acquired Fairmont Hotels, an American company, becoming Fairmont Hotels and Resorts, Inc.; the combined corporation operated the historic Canadian properties as well as the Fairmont's U.S. properties until merged with Raffles Hotels and Resorts and Swissôtel in 2006.
В 1998 году Canadian Pacific Hotels приобрела американская компания Fairmont Hotels, став Fairmont Hotels Resorts Inc. и управляла историческими канадскими отелями, а также отелями сети Fairmont в США, пока не была продана в 2006 году.