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In January 1999, a year after being organized into a Maryland real estate investment trust, it became a public company via an initial public offering. [1] In May 2006, the firm acquired four Boston-area hotels for $44 million. [4] In June 2015, the company acquired the St. Gregory Hotel in Washington, D.C. for $57 million. [5]
Southern Management Companies is a privately owned [1] property management company in the Mid-Atlantic United States. [2] [3] [4] [5]The company owns more than 25,000 apartment units [6] across 76 properties, three hotels, [7] and 1 million square feet in commercial space [8] in the Baltimore/DC area and a ski resort, hotel, and conference center, Bear Creek, [9] in Macungie, Pennsylvania.
Choice Hotels International, Inc. is an American multinational hospitality company based in North Bethesda, Maryland. The company, which is one of the largest hotel chains in the world, [3] [4] owns various hotel brands ranging from upscale to economy. As of the third quarter 2023, Choice Hotels franchised nearly 7,500 hotels, representing ...
Aimbridge Hospitality is an American third-party management company with over 1500 hotels globally. The company was originally founded by Dave Johnson in 2003 with eight hotels. As of 2021, Aimbridge held 1,218 properties in its portfolio with a combined 171,019 rooms [ 1 ] across all 50 states and 23 countries [ 2 ]
Today the company manages franchise locations in 120 airports across North America and 80 highway stops in the northeastern and midwestern United States. In 2021, HMSHost sold their United States toll road service area operations to Iris Buyer, LLC, a consortium of Blackstone Infrastructure Partners and Applegreen for $375 million.
[14] [15] The company operates in 21 states with 97 hotels under global brands including Courtyard by Marriott, Hilton Garden Inn, Hyatt Place and Embassy Suites Hotels. [16] [17] In 2008, RLJ Companies formed a partnership with Global Building Solutions to build a 78-room luxury resort and spa in Monrovia, Liberia. [7]
Quality Inn was founded in 1939 as Quality Courts United, which was the first hotel chain in the United States. By 1946, the association grew to 50 hotels and to 100 hotels by 1952. [3] The group was among the first in the industry to offer wall-to-wall carpeting, daily linen changes, 24-hour desk service, and in-room telephones.
Since "yield" was an airline term and did not necessarily pertain to hotels, Marriott International and others began calling the practice Revenue Management. [5] The company created a Revenue Management organization and invested in automated Revenue Management Systems (RMS) that would provide daily forecasts of demand and make inventory ...