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In the following years, the company diversified, adding third-party management of hotels as well as other hotel brands. The most notable expansion added accounting and financial services for the hospitality industry. WHI emerges as one of the first franchises to be selected to grow the full service Marriott brand in 1994. In 1996, the company ...
Marriot International, the largest hotel chain in the world by far. This is the list of chain-branded hotels around the world. This is a listing of some of the major hotel brands worldwide. [1] [2] The hotel groups may directly own the hotels, or operate them through a franchise or management agreement. [3]
In 1999, the company was purchased from the Morgan Stanley Real Estate Fund by French hospitality management company Accor. At the time of the purchase, the Red Roof Inn had 324 locations and 37,208 rooms. [3] Accor, which owned various hotel brands including Motel 6, purchased the Red Roof Inn for $1.115 billion. As a result of the purchase ...
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Sage Hospitality Group comprises four companies: Sage Hotel Management, with a portfolio of nearly 60 hotels across the US. Sage Restaurant Concepts, founded in 2005, with more than 30 restaurant, bar and coffeeshop locations in 11 states. Sage Studio, which creates spaces for businesses. Sage Investments.
In late May 2014 reports surfaced that the company had recently made a takeover bid for InterContinental Hotels Group worth $10 billion, which neither company confirmed or denied. [15] In November 2015, it was announced that Starwood would be acquired by Marriott International for $12.2 billion. [ 16 ]
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