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The first Homewood Suites was founded in Omaha, Nebraska in 1989. [2] For the next ten years, the hotel chain was owned by Memphis-based Promus Hotel Corporation, which also owned Embassy Suites, Hampton Inn and Doubletree. Hilton purchased Promus in 1999 for $3.1 billion, making Homewood Suites a Hilton brand alongside the other three Promus ...
Home2 Suites by Hilton is an American all-suite extended-stay hotel featuring contemporary accommodations and customizable guest room design. It competes with TownePlace Suites by Marriott and InterContinental Hotels Group's Candlewood Suites. The Memphis, TN originated hotel brand targets both business and leisure travelers. [4]
Promus Hotel Corporation's beginnings are tied to the original Holiday Corp., which was based in Memphis, Tennessee.Holiday Corp. owned the Holiday Inn hotel chain, but significantly higher competition in the hotel industry and a 1987 financial restructuring that left Holiday Corp. heavily in debt prompted Holiday to sell in August 1989 its Holiday Inn chain (including Crowne Plaza [1]) for $2 ...
Its first hotel was a two-story, exterior-entrance building with 128 guest rooms located in Memphis, Tennessee. In late 1989, after some financial difficulties, Holiday Corporation prepared to sell its hallmark Holiday Inn hotels and started the holding company Promus Hotel Corporation, which included Hampton Inn, Embassy Suites, and Homewood ...
To effect the sale of the Holiday Inn hotel business to Bass PLC, Promus was created as a corporate spin-off, holding Harrah's, Embassy Suites, Homewood Suites, and Hampton Inn; Bass then acquired Holiday Corp., which retained only the Holiday Inn assets. [9] The next year, the company's headquarters moved from Reno to Memphis, Tennessee.
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