Fairmont Joins Avendra

Fairmont Hotels & Resorts announced today that it has signed a letter of intent to join Marriott International, Inc., Hyatt Hotels Corporation, Bass Hotels & Resorts and ClubCorp USA in founding Avendra LLC.
The new company will be the largest Internet-enabled business-to-business hospitality procurement company in the world, poised to provide the hospitality industry with access to thousands of products and services that deliver superior pricing, quality and service. The hospitality industry alone spends $80 billion in North America each year.
Avendra will be formally launched early this year, with headquarters in Maryland and regional offices in Toronto, Calgary, Vancouver, Montreal, Atlanta, Chicago, Dallas, San Francisco and other key centres.