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Christopher Harrison, shown in this 2022 file photo, was indicted Oct. 15, 2024 on fraud and embezzlement charges stemming from two development project in Richmond and North Carolina.
It began in 1990 by buying Howard Johnson's and the U.S. rights to the Ramada brand from Prime Motor Inns for $170 million. [2] [3] In 1992, HFS bought the Days Inn franchise out of bankruptcy for $290 million. [4] This purchase made HFS the largest hotel franchisor in the world, with its brands licensed to 2,300 hotels. [5]
Ramada International is the company that owns, operates, and franchises hotels using the Ramada brand name outside of the United States and Canada. Ramada International was formerly owned by Marriott International , a competitor of Cendant , which owned Ramada in the United States and Canada.
Ramada opened its first hotel, a 60-room facility, on U.S. Route 66 at Flagstaff, Arizona in 1954 and set up its headquarters in Phoenix, Arizona, where the chain built the Sahara Hotel on North 1st Street downtown in 1956 (which later became the Ramada Inn Downtown) and a 300-room Ramada Inn in the 3800 block of East Van Buren in 1958 that ...
Renaissance Hotels was founded in 1981 as Ramada Renaissance, an upscale division of Ramada Inns. [1] The first property was located in Aurora, Colorado , outside Denver . Ramada's hotels and restaurants were sold to Hong Kong–based New World Development Ltd. in 1989 for $540 million.
By the 1990s, Motel 6 and Super 8 were built with inside corridors (so were nominally hotels) while other former motel brands (including Ramada and Holiday Inn) had become mid-price hotel chains. Some individual franchisees built new hotels with modern amenities alongside or in place of their former Holiday Inn motels; by 2010 a mid-range hotel ...
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