Search results
Results From The WOW.Com Content Network
Hilton announced definitive plans in February 2016 to spin off a REIT (Park Hotels & Resorts) and its timeshare business (Hilton Grand Vacations) as separate companies. [7] [8] The spin-offs were completed on January 4, 2017. [9] [10] Park Hotels became the second-largest publicly traded hotel REIT, with holdings of 67 hotels. [8] [10]
Marriott International's headquarters in Bethesda, Maryland. 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]
The company spun off its international operations into a separately traded company on December 1, 1964, known as "Hilton International Co." It was acquired in 1967 by Trans World Corp., the holding company for Trans World Airlines. As a result, there were two separate, fully independent companies operating hotels under the Hilton name.
InterContinental Hotels Group (IHG), marketed as IHG Hotels & Resorts, is a British multinational hospitality company headquartered in Windsor, Berkshire, England. [5] It is listed on the London Stock Exchange and the New York Stock Exchange . [ 6 ]
Wynn Resorts, Limited is an American publicly traded corporation based in Paradise, Nevada, that is a developer and operator of high-end hotels and casinos. It was founded in 2002 by former Mirage Resorts Chairman and CEO Steve Wynn and is now run by CEO Craig Billings. [4] As of 2020, the company has developed six properties. [1]
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 ]
The company went public in 1953. [4] [5] [6] In 1957, the firm expanded into the hotel industry by opening the first Marriott hotel, the Marriott Motor Hotel, in Arlington County, Virginia. In 1964, Hot Shoppes, Inc. was renamed Marriott-Hot Shoppes, Inc. [7] The company became Marriott Corporation in 1967.
In August 2017, Wyndham announced plans to spin off its hotel division to shareholders as a separate publicly traded company, thereby becoming a pure timeshare company. [11] The spin-off of Wyndham Hotels & Resorts occurred on May 31, 2018, and what remained of Wyndham Worldwide was renamed as Wyndham Destinations the same day. [12] [13]