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The Embassy Suites hotel chain was founded in 1983 by Hervey Feldman and Mike Rose, Holiday Inn Corporation's CEO. [3] Feldman was the president and CEO of Embassy Suites until 1990, after which he served as executive chairman until 1992. [4] The first Embassy Suites hotel opened in 1984 in Overland Park, Kansas.
The Multnomah Hotel, located in downtown Portland, Oregon, United States, is a historic hotel building listed on the National Register of Historic Places. [3] It currently operates as the Embassy Suites by Hilton Portland Downtown .
Although still a healthy company, changing business conditions and demographics saw Holiday Inn lose its market dominance in the 1980s. Holiday Inns, Inc. was renamed "Holiday Corporation" in 1985 to reflect the growth of the company's brands, including Harrah's Entertainment, Embassy Suites Hotels, Crowne Plaza, Homewood Suites, and Hampton Inn.
On July 3, 2007, Hilton Hotels Corp. agreed to an all-cash buyout from the Blackstone Group LP in a $26 billion (including debt) deal that would make Blackstone the world's largest hotel owner. [63] At $47.50 per share, the buyout price was 32 percent higher than the closing value of a share of Hilton stock on July 3. [ 64 ]
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The Embassy Suites by Hilton Washington DC Georgetown is a Modernist hotel located at 1250 22nd Street NW in the West End neighborhood of Washington, D.C., in the United States. Part of the Embassy Suites Hotels chain of upscale hotels, the hotel is noted for its eight-story atrium, which contains tropical plants, a waterfall, and a lagoon.
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