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Best Western International, Inc. owns the Best Western Hotels & Resorts brand, which it licenses to over 4,700 hotels worldwide. [1] The franchise, with its corporate headquarters in Phoenix, Arizona, [2] includes more than 2,000 hotels in North America. [3] The brand was founded by M. K. Guertin in 1946.
The Hotels Statler Company, Inc., was sold to Conrad Hilton's Hilton Hotels in 1954 for $111 million, then the world's largest real estate transaction. [ 1 ] The Statler hotel in Buffalo was the first to be demolished after the Hilton acquisition, in 1968.
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the western side of Lake Milton Location of Milton Township in Mahoning County Coordinates: 41°5′59″N 80°58′19″W / 41.09972°N 80.97194°W / 41.09972; -80
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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