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The company made its first public stock offering in 1987. [4] Team Rental Group purchased the public company in 1997 and took the name Budget Group. In 2002, Budget filed for bankruptcy and was later sold to the Cendant Corporation, which also owned Avis. [5] In September 2006, Cendant Corporation separated into four independent companies.
On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. [11] On March 14, 2013, Avis Budget Group purchased carsharing company Zipcar for about US$500 million in cash. [12] [13] On April 9, 2015, Avis Budget Group announced it had completed the acquisition of Maggiore Group, Italy's fourth-largest vehicle rental ...
Pearl-Continental Hotels & Resorts PC Signature Collection Residential PC Residences Premium: PC Legacy Midscale: Hotel One Vogue Budget: Roomph Hilton Worldwide: Tysons (USA) World-wide 1919 7,780 [35] 1,216,308 [35] Luxury
The company was founded in 1946 with three cars at Willow Run Airport, [10] Ypsilanti, Michigan, by Warren Avis (August 4, 1915 – April 24, 2007). [8] It established branch operations across the United States over the next few years, becoming the second largest car rental company in the country by 1953.
The site chosen was previously a mill race and swimming hole. Construction on the eight-story building began in 1916. It was the first skyscraper on Stolp Island, Aurora's downtown. The 135-room hotel was opened for business on July 14, 1917. Edwin C. Faber, the general manager of the Chicago Aurora and Elgin Railroad, was the president of the ...
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