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The Embassy Suites hotel chain was founded in 1983 by Hervey Feldman and Mike Rose, Holiday Inn Corporation's CEO. [3] Feldman was the president and CEO of Embassy Suites until 1990, after which he served as executive chairman until 1992. [4] The first Embassy Suites hotel opened in 1984 in Overland Park, Kansas.
The Doubletree Corporation later merged with the Promus Hotel Corporation in December 1997, bringing together the DoubleTree, Red Lion, Hampton Inn, and Embassy Suites brands. [15] In December 1999, Hilton Hotels Corporation acquired Promus Hotel Corporation, which brought Doubletree Hotels and other Promus hotel brands under the umbrella of ...
In February 2009, Hilton Hotels Corp. announced that its headquarters were moving from Beverly Hills, California to Fairfax County, Virginia. [ 67 ] While Blackstone saw an opportunity to streamline the company and push Hilton's expansion overseas when Blackstone pursued Hilton in 2006 and 2007, the buyout saddled the company with $20 billion ...
At the time of the merger, Extended Stay America operated 475 hotels; Blackstone increased that number with the addition of 132 from Homestead Studio Suites. [9] [10] Homestead, which was founded by Security Capital in 1992, had been acquired by Blackstone in November 2001 for US$740 million. All of Blackstone's extended-stay hotels consisting ...
Downtowner Inns, a limited-service brand with four locations [3] [4]; Master Host Inns, a mix of hotels and resorts with four locations [3]; Passport Inns, a limited-service brand with 14 locations [3]
In 2004, IHG acquired the Candlewood Suites brand, a midscale extended stay hotel brand with 108 franchised properties in the United States, for $15 million. [ 21 ] [ 22 ] IHG divested its soft drink holdings in 2005, selling its 48 percent stake in Britvic for £371 million through an initial public offering .
That same year, Westin opened a new corporate headquarters directly across the street in the Westin Building, which shared a parking garage with the hotel. [ 15 ] In 1987, UAL chairman Richard Ferris announced a plan to reorganize UAL as Allegis Corporation, a travel conglomerate based around United Airlines , Hertz Rent a Car , Hilton ...
Its brands comprised America's Best Inn, Country Hearth Inns & Suites, Jameson Inn, 3 Palms Hotel, Parkside Hotels, and Budgetel. [21] Of the brands, America's Best Inn was founded in Marion, Illinois , [ 22 ] The Budgetel name is a revival of a brand which was renamed Baymont Inn & Suites .
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