to distinguish it from the Southampton Princess) the flagship of a global chain, Princess International Hotels. The Princess Hotels Group passed to Tiny Rowland's British conglomerate, Lonrho Plc (originally the London and Rhodesian Mining and Land Company Limited), between 1979 and 1981 for US$200 million. Both Bermudian hotels were sold as part of a seven-property deal by the Lonrho Plc subsidiary, Lonmin plc, which transferred the Princess Hotels Group on 11 June 1998 to the Canadian Pacific Railway for a combined price of GBP 331.75 million. This was part of the final expansion of Canadian Pacific Hotels, which also included the 1999 purchase of the San Francisco-based Fairmont Hotel chain. The seven hotels of the Princess Hotels Group at first continued as a wholly owned subsidiary of CPH, but were later merged into the Fairmont Hotels and Resorts group, as Canadian Pacific Hotels and Resorts was renamed in 2001. Recent Developments On 11 May 2006, an agreement for the acquisition of Fairmont Hotels and Resorts by Kingdom Hotels International and Colony Capital LLC for US$4.5 billion was announced. The Fairmont Hotels and Resorts group was combined with two other subsidiaries, Raffles Hotels & Resorts and Swissôtel Hotels and Resorts, to form Fairmont Raffles Hotels International, with 120 hotels in 24 countries. In 2007 the Princess Hotel was sold to Global Hospitality Investments (GHI), and then in 2012 sold to local company BERCO owned by the Bermudian Green family, which continues to operate the hotel as part of the Fairmont chain. The Princess is the oldest hotel in the chain. The Greens as the new owners are now embarking on a multimillion-dollar refurbishment of the property including the construction of a new marina facility. References http://www.royalgazette.com/article/20141031/BUSINESS03/141039943 External links Hamilton Princess - page on official Fairmont website Hamilton Princess - official Facebook page Hotels in Bermuda Fairmont Hotels and Resorts Hotels established in 1885 Butlins hotels 1885 establishments in the British Empire Locations in the history of espionage Pembroke Parish