In 2001, with the parent airline in the serious financial difficulties that eventually lead to its demise, Swissôtel was sold to Raffles Holdings Limited, the owner of the famous Raffles Hotel in Singapore.
Pada tahun 2001, seiring maskapai penerbangan induknya mengalami kesulitan ekonomi yang berujung pada pembubarannya, Swissôtel dijual ke Raffles Holdings Limited, pemilik Raffles Hotel yang terkenal di Singapura.