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The "Great Sign" was a familiar sight on U.S. highways in the 1950s, 1960s, and 1970s. A Holiday Inn in New Orleans, pictured on a postcard c. 1975. The "Great Sign" was the roadside sign used by Holiday Inn during its original era of expansion from the 1950s to 1970s.
Promus Hotel Corporation's beginnings are tied to the original Holiday Corp., which was based in Memphis, Tennessee.Holiday Corp. owned the Holiday Inn hotel chain, but significantly higher competition in the hotel industry and a 1987 financial restructuring that left Holiday Corp. heavily in debt prompted Holiday to sell in August 1989 its Holiday Inn chain (including Crowne Plaza [1]) for $2 ...
Wilson retired from Holiday Inn in 1979. In 1988, Holiday Corporation was purchased by UK-based Bass PLC, followed by the remaining domestic Holiday Inn hotels in 1990, when founder Wilson sold his interest, after which the hotel group was known as Holiday Inn Worldwide. [9] Wilson was the founder of many different kind of companies such as ...
The chain has purchased several historic buildings for renovation as hotels. [12] [13] Historic buildings that the chain has renovated into hotels include the Union Market in St. Louis (originally built in 1925), [14] the former Cleveland Board of Education building in Cleveland (originally built in 1931) [15] the former City Public Service Building (originally built in 1921) [16] and the ...
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Holiday Inn Express was founded in 1990 under the ownership of Bass. [7] Plans at the time called for 250 locations to be open by 1995. [8] The first three hotels under the Holiday Inn Express name all opened in 1990. These were located in Nashville, Tennessee; Abilene, Texas; and Poughkeepsie, New York. All three were converted from existing ...
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