Commission européenne, D G COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 11.03.2020  
C(2020 ) 1664 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M. 9684  – PARKS BOTTOM / OMERS / ACCOR / FAIRMONT 
HOTELS  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 14 February 2020 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Parks Bottom 
Co Real Estate Holdings Inc. (“Parks Bottom”, Canada), wholly -owned by GIC 
(Realty) Private Limited (“GIC Realty”, Singapore);  OMERS Administration 
Corporation (“OMERS”, Canada)  and Accor Management Canada Inc. (“Accor”, 
Canada ) acquire within  the meaning of Article s 3(1)(b) and 3(4) of the Merger 
Regulation joint control over Fairmont Banff Springs, Fairmont Chateau Lake Louise, 
Fairmont Jasper Park Lodge and Fairmont Chateau Whistler (“Fairmont Hotels”, 
Canada) , by way of purchase of shares ,3 by way of contract and  by a pre-existing hotel 
management agreement.  
2. The business activities of the undertakings concerned are:  
 for Parks Bottom : an indirect subsidiary of GIC Realty which  was established for 
the purpose of the acquisition and ownership of the Fairmont Hotels, and which is 
active in  Canada. GIC Realty focuses on the ownership of real estate assets on 
behalf of the government of Singapore;  
 for OMERS : a global real estate owner, investor, developer and property 
manager;  
 for Accor : operates hotels across Canada ; 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 58, 21.02.2020 , p. 9. 

2  for Fairmont Hotels : four Canadian luxury hotels . 
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls with in the scope of the Merger  Regulation  and of 
paragraph 5 (a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)   
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5.