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Premier Inn Limited is a British limited service hotel chain and the UK's largest hotel brand, with more than 800 hotels, with over 72,000 rooms. It operates hotels in a variety of locations including city centres, suburbs and airports, competing with the likes of Travelodge and Ibis hotels.
Hospitality International was founded in 1985 when the Red Carpet Inn and Scottish Inns chains merged. [ 1 ] [ 2 ] It was first headquartered in Biloxi, Mississippi before moving to Tucker, Georgia .
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After the separation from Six Continents, IHG began an asset disposal program, selling off hotels to move towards an "asset-light" model focused on franchising and management. [17] From 2003 to 2015, the company sold around 200 hotels for a total of almost $8 billion, [ 18 ] [ 19 ] leaving only 7 owned or leased properties in the portfolio.
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 ...
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