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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. [20]
Health insurance is a common employee benefit because there is no government-sponsored national health insurance in the United States, and premiums are deductible on personal income tax. 401(k) accounts are a common employer organized program for retirement savings because of their tax benefits.
Discounts and allowances are reductions to a basic price of goods or services.. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price (determined by the manufacturer and often printed on the package), the retail price (set by the retailer and often attached to the product with a sticker), or the list price (which is quoted to a potential buyer ...
In the United States, a group purchasing organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. [1] Many GPOs are funded by administrative fees which are paid by the vendors that GPOs oversee.
Hotels proliferated throughout Western Europe and North America in the 19th century. Luxury hotels, including the 1829 Tremont House in Boston, the 1836 Astor House in New York City, [7] the 1889 Savoy Hotel in London, and the Ritz chain of hotels in London and Paris in the late 1890s, catered to an ever more-wealthy clientele.
On August 16, 1965, United Airlines Flight 389, a Boeing 727, crashed into Lake Michigan, 30 miles (48 km) east of O'Hare while on approach, killing all 30 on board. [209] On December 27, 1968, North Central Airlines Flight 458, a Convair CV-580, crashed into a hangar at O'Hare, killing 27 on board and one on the ground. [210]
Pritzker was born in Palo Alto, California, on January 19, 1965.He is the son of Donald Pritzker and Sue Pritzker (née Sandel). [7] [4] A member of the Pritzker family, a Jewish family of Ukrainian descent [8] prominent in business and philanthropy during the late 20th century, [9] [10] Pritzker is named after both of his paternal uncles, Jay Pritzker and Robert Pritzker. [11]
The Sukhoi Su-57 (Russian: Сухой Су-57; NATO reporting name: Felon) [5] [6] is a twin-engine stealth multirole fighter aircraft developed by Sukhoi. [7] It is the product of the PAK FA (Russian: ПАК ФА, prospective aeronautical complex of front-line aviation) programme, which was initiated in 1999 as a more modern and affordable alternative to the MFI (Mikoyan Project 1.44/1.42).