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In 1996, Choice Hotels introduced its first extended-stay hotel brand, MainStay Suites, which was advertised as the first mid-price extended-stay chain. [29] The first MainStay Suites location opened in Plano, Texas in November 1996. In 1997, the Friendship Inn brand was eliminated, with its locations being converted to the Rodeway brand. [30]
Extended Stay America was founded on January 9, 1995 in Fort Lauderdale, Florida by George D. Johnson, Jr. and Wayne Huizenga, both former executives from Viacom and its subsidiary Blockbuster LLC. [ 2 ] The first two Extended Stay America hotels opened in August 1995 in Spartanburg, South Carolina and Marietta, Georgia. [ 3 ]
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinationalhospitality company headquartered in the Riverside Plazaarea of Chicagothat manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations. [ 4 ][ 5 ] The company was formed on June 1, 2018, as a spin-off from Wyndham Worldwide, which is now known as Travel + Leisure. [ 6 ]
In July 2010, an investment consortium made up of Blackstone, Paulson & Co., and Centerbridge Partners bought Extended Stay America through a bankruptcy auction for US$3.93 billion. [10] After its successful reorganization, Extended Stay America emerged from bankruptcy in October 2010. A year after the bankruptcy, Blackstone was sued by ...
Marriott International is the largest hotel company in the world by the number of available rooms. It has 36 brands with 8,785 properties containing 1,597,380 rooms in 141 countries and territories. [ 1 ] Of these 8,785 properties 2,046 are managed but not owned by Marriott, 6,563 are owned and managed by independent hospitality companies under ...
Best Western. Best Western International, Inc. owns the Best Western Hotels & Resorts brand, which it licenses to over 4,700 hotels worldwide. [ 1 ] The franchise, with its corporate headquarters in Phoenix, Arizona, [ 2 ] includes more than 2,000 hotels in North America. [ 3 ] The brand was founded by M. K. Guertin in 1946.
Hilton Worldwide Holdings Inc. Hilton Worldwide Holdings Inc. is an American multinational hospitality company that manages and franchises a broad portfolio of hotels, resorts, and timeshare properties. Founded by Conrad Hilton in May 1919, the company is now led by Christopher J. Nassetta. Hilton is headquartered in Tysons, Virginia, United ...
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