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In 2011, La Quinta gave up on pay-per-view in-room entertainment to focus on letting customers use their own devices. [citation needed] In 2012, La Quinta launched the Instant hold option, allowing customers to make last-minute reservations with their phone numbers. [8] In 2013, Blackstone started to pave the way for the sale of La Quinta. [9]
Ocean City, [oʊʃɪn sɪtiː] officially the Town of Ocean City, is an Atlantic resort town in Worcester County, Maryland, along the East Coast of the United States. The population was 6,844 at the 2020 U.S. census , although during summer weekends the city hosts between 320,000 and 345,000 vacationers and up to eight million visitors annually.
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Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [2]: 45–56 [3] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "petros" (πέτρος, masculine), or "petra" (πετρα, feminine) means "stone" or "rock" in Greek.
Ocean City airport opened in 1960. During the early 1980's, the airport saw commercial airline service to Baltimore by Allegheny Commuter and Henson the Piedmont Regional Airline. In 1994, Jimmy Mathis piloted a Cessna 172 Solo from Ocean City, Maryland to Long Beach, California, becoming the youngest solo aviator ever to fly cross country. [9]
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