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Hilton Hotels & Resorts [3] (formerly known as Hilton Hotels) is a global brand of full-service hotels and resorts and the flagship brand of American multinational hospitality company Hilton Worldwide. [4] The original company was founded by Conrad Hilton. As of December 30, 2019, 584 Hilton Hotels & Resorts properties with 216,379 rooms in 94 ...
Hilton bought the Statler Hotels chain in 1954, and the Cleveland hotel was renamed The Statler Hilton in 1958. [5] Unfortunately, an overflow of hotel rooms in the city eventually affected the once grand hotel, and occupancy fell. Beginning in 1971, several floors of the enormous building were converted to use as an office building.
The Hotels Statler Company, Inc., was sold to Conrad Hilton's Hilton Hotels in 1954 for $111 million, then the world's largest real estate transaction. [ 1 ] The Statler hotel in Buffalo was the first to be demolished after the Hilton acquisition, in 1968.
The hotel opened on July 19, 1948. [7] Emery sold the structure to Hilton Hotels on November 1, 1956 and the hotel was renamed The Terrace Hilton. When the hotel was sold, Emery transferred its modern art collection to the nearby Cincinnati Art Museum. The J.C. Penney store closed in 1968, while the Bond store closed in 1977.
Hilton started buying more hotels. By 1924, he built a new hotel in Dallas, the fourteen-story Dallas Hilton, which he completed for more than $1.3 million (or $23.3 million in 2024 dollars).
Hilton Hotels Corporation later created the Conrad Hotels brand in honor of Hilton. [49] Hilton Honors (formerly Hilton HHonors), the company's guest loyalty program, was initiated in 1987. [50] In 1994, the Honors surpassed competing hotel loyalty programs by offering members both hotel credit points and airline credit miles. [51] [52]
The Marriott company rose from a small root beer stand in Washington, D.C., in 1927 to a chain of family restaurants by 1932, to its first motel in 1957. By the time he died in 1985, the Marriott company operated 1,400 restaurants and 143 hotels and resorts worldwide, including two theme parks , earned US$ 4.5 billion in revenue annually with ...
In 1957, the firm expanded into the hotel industry by opening the first Marriott hotel, the Marriott Motor Hotel, in Arlington County, Virginia. In 1964, Hot Shoppes, Inc. was renamed Marriott-Hot Shoppes, Inc. [7] The company became Marriott Corporation in 1967. In 1967, Marriott acquired the Big Boy family restaurants chain from Bob Wian. [8] [9]