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Hospitality Franchise Systems Inc. (HFS) was created as an affiliate of the Blackstone Group, a private equity firm, as a vehicle to acquire hotel franchises. [1] It was led by Henry Silverman , a Blackstone partner and former CEO of Days Inn . [ 2 ]
U.S. Franchise Systems was a franchise company that owned Microtel Inns and Suites and Hawthorn Suites. [1] It was founded in 1995 by Michael A. Leven and his nephew Neal Aronson . In March 1996, the company acquired the franchise rights to Hawthorn Suites, and acquired full ownership of the brand on March 12, 1998.
The spin-off of Wyndham's hotel business occurred on May 31, 2018, creating Wyndham Hotels & Resorts. In June 2024, the hotel chain has more than 9,200 hotels in over 95 countries, represented by 24 brands. [22] In October 2023, Choice Hotels announced a proposal to purchase all outstanding shares of Wyndham for $90 per share. [23]
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
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. Nasse
The first Cambria Suites location opened near Boise Airport in Boise, Idaho in April 2007. [35] In September 2005, Choice Hotels acquired the Atlanta-based Suburban Franchise Holding Company, giving the company the franchise rights to the Suburban Extended Stay Hotel brand. [36] The chain was originally founded as Suburban Lodges of America in ...
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Four Seasons Hotels Limited, trading as Four Seasons Hotels and Resorts, is a Canadian luxury hotel and resort company [3] headquartered in Toronto, Ontario, Canada. [4] Four Seasons currently operates more than 100 hotels and resorts worldwide. [ 5 ]
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