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Travelodge purchased the Skylight Inn of America Inn in 1988, which was founded only six years prior in Cleveland, Ohio, [2] [3] [4] In 1996, the Forte Group sold the Travelodge operation in North America. The trademark rights and franchise system were acquired for $39 million by HFS Inc., owner of other hotel brands such as Days Inn and Ramada.
In 2008, Wyndham purchased U.S. Franchise Systems, owner of the Microtel and Hawthorn Suites brands, from Global Hyatt Corporation for $150 million. [10] Wyndham bought the Wisconsin-based Exel Inn chain in 2008 and converted all 22 of its properties to Wyndham brands. [11]
Travelodge is known for its budget style hotels and room types. [citation needed] They have a range of hotels across the United Kingdom, Ireland and Spain. Travelodge offers many different room types, from their iconographic standard budget style to a more sleek-high end look.
In 1994, Aoki agreed to sell Westin to real estate investment firm Starwood Capital Group (parent of Starwood) and Goldman Sachs at an enormous loss, for $561 million, but by the time the sale closed in May 1995, the buyers had negotiated the price down to $537 million. [18] In 1998, Starwood assumed full ownership of the company. [3]
Ghislaine Maxwell's former London townhouse, where the United Kingdom's Prince Andrew allegedly posed with his arm around the waist of an underage Jeffrey Epstein accuser in 2001, is up for sale ...
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