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Holiday Inn is a chain of hotels based in Atlanta, Georgia and a brand of IHG Hotels & Resorts.The chain was founded in 1952 by Kemmons Wilson (1913–2003), who opened the first location in Memphis, Tennessee.
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 ...
Bass sold off the bulk of Crest Hotels in 1990, and the few remaining properties were absorbed into the Holiday Inn chain. [ 8 ] [ 9 ] Bass expanded its hotel business again in 1998, acquiring the luxury Inter-Continental hotel chain, which had been founded by Juan Trippe , from the Saison Group . [ 10 ]
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 ...
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 ...
In the 1990s, the chain introduced a third brand, Thrifty Inn. [7] The Drury Inn & Suites in Valdosta, Georgia. Co-founder Charles Drury died on September 7, 2020, in St. Louis; his death was acknowledged by Governor of Missouri Mike Parson. [8] Two other co-founders, James and Robert, died in 2008 and 2013, respectively. [9] [5] [10]
The historic five-star Langham Hotel was acquired by Ladbroke Group, the owner of Hilton International at the time, in 1986 and operated as the Langham Hilton until 1995. Longview, United States: Conrad Hilton purchased the Gregg Hotel in 1936, naming it the Longview Hilton, until he sold it to Tom Young & Associates in 1947.
William Fisk Harrah (September 2, 1911 – June 30, 1978) was an American businessman and the founder of Harrah's Hotel and Casinos, now part of Caesars Entertainment. Early years and education [ edit ]