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Baymont Inn
Baymont Inn & Suites is a hotel franchise owned by Wyndham Hotels & Resorts and based in the United States. As of December 31, 2018, it has 513 properties with 40,541 rooms. History The chain began as an idea by the former CEO of Marcus Corporation, Steven Marcus to create a limited-service, discount-priced motel chain. The first property, located in Oshkosh, Wisconsin, opened in 1973 and was named Budgetel (the property later became a La Quinta Inn). A prototype hotel was designed in 1984 in the form of a long, linear three or four story boxlike building covered by precast concrete slabs. This design gave the Budgetel hotels a distinctive appearance. Today, however, Baymont properties can have a variety of appearances, and some have been converted from other brands. Each hotel features oversized rooms and interior corridors. The name was changed to Baymont Inn in early 1999. In July 2004, Marcus Corporation sold the Baymont chain to the La Quinta Corporation, the Dallas p ...
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Wholly Owned Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge fund solutions, insurance solutions, secondaries and growth equity. As of Q3 2022, the company's total assets under management were approximately US$951 billion, making it the largest alternative investment firm globally. Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital. The founders named their firm "Blackstone," using a cryptogram derived from the names of th ...
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Hotel Chains In The United States
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In Ja ...
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Economy Of The Southeastern United States
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency ...
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Economy Of The Midwestern United States
The Midwestern United States, also referred to as the Midwest or the American Midwest, is one of four census regions of the United States Census Bureau (also known as "Region 2"). It occupies the northern central part of the United States. It was officially named the North Central Region by the Census Bureau until 1984. It is between the Northeastern United States and the Western United States, with Canada to the north and the Southern United States to the south. The Census Bureau's definition consists of 12 states in the north central United States: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. The region generally lies on the broad Interior Plain between the states occupying the Appalachian Mountain range and the states occupying the Rocky Mountain range. Major rivers in the region include, from east to west, the Ohio River, the Upper Mississippi River, and the Missouri River. The 2020 United S ...
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Hotels In California
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In J ...
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Companies Based In Morris County, New Jersey
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Wyndham Brands
Wyndham may refer to: *Wyndham (name), a surname and given name Places Australia * City of Wyndham, an LGA in Victoria * Shire of Wyndham-East Kimberley, a LGA in Western Australia * Wyndham Important Bird Area, Western Australia * Wyndham, New South Wales * Wyndham, Western Australia, a town in Western Australia United Kingdom *Wyndham, Bridgend, a village in Wales * Wyndham Court, a block of social housing in Southampton, England *Wyndham House, Oxford, a retirement home in Oxford, England * Wyndham's Theatre, a West End theatre in London United States * Wyndham, Virginia, a town *The Wyndham, an apartment building in Indianapolis, Indiana, on the National Register of Historic Places Elsewhere * Wyndham, New Zealand, a town in Southland, South Island *Wyndham Street (once known as Pedder Hill) in Central, Hong Kong Other * Travel + Leisure Co., formerly Wyndham Destinations, an American timeshare company **Wyndham Vacation Resorts Asia Pacific, a vacation ownership company and ...
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Hotel & Motel Management
''Hotel Management'' magazine is a trade publication produced by Questex, LLC. History and profile The magazine ''Hotel Management'' was established in New York in 1922 by Ahrens Publishers. It absorbed or merged with various other hotel management magazines over the years, including ''Hotel World'', which had been established in 1875. The magazine sometimes took on other names such as ''Hotel & Motel Management''., reflecting these mergers or changes in the market. ''Hotel Management'' delivered hotel news, analysis and operational strategies. Regular features included special reports, research/top lists, hot products, technology, furniture, fixtures and equipment, hotel operations, and trends and statistics. Later owners included Advanstar Communications, Inc. In January 2011, the magazine was redesigned and renamed ''Hotel Management''. Following these changes, the magazine began to cover articles about technology, development and trends/statistics. It is published fifteen ti ...
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America's Best Franchising
Vantage Hospitality Group Inc. was an American hotel corporation, operating hotels in the United States and internationally. Its brands include Best Value Inn and Lexington by Vantage. In 2016, Vantage Hospitality Group was acquired by Red Lion Hotels Corp. History Vantage Hospitality Group was founded in 1999 and had over 1,000 properties around the U.S. and Canada by 2016. By 2016, Vantage Hospitality operated 10 brands, including Best Value Inn and Value Inn Worldwide. America's Best Value Inn received a Hotel Vikas diamond award in 2010 in the Best Hotel Franchisor category. Hotel Vikas is a trade publication targeted to hotel CEOs. In 2005, Vantage introduced the Lexington by Vantage brand. In 2014, Vantage acquired America's Best Franchising and its brands: America's Best Inns & Suites, Country Hearth Inns & Suites, Jameson Inn, Signature Inn, and 3 Palms Hotels and Resorts. As part of the acquisition, Vantage plans to restart the Signature Inn chain, which is inactive. ...
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La Quinta Inns
La Quinta Inns & Suites (Spanish: ''La Quinta'', "the country villa", ) is a chain of limited service hotels in the United States, Canada, Mexico, and Honduras. La Quinta Holdings, Inc. first sold shares to the public in April 2014. La Quinta has headquarters in Irving, Texas. As of December 31, 2018, the company owns and operates 914 properties with 89,456 rooms. History 1968 launch The first La Quinta Inn location was opened in 1968 by real estate entrepreneur Sam Barshop (1929–2013) and his brother Phil (1935–1998) in San Antonio, Texas, across the street from the site of HemisFair '68 World's Fair. La Quinta's first headquarters were in San Antonio. In 1999 the company announced it was going to move, transferring over 100 jobs from city to city. The company cited the lack of nonstop flights from San Antonio International Airport as a reason for moving. The company wished to have its headquarters near Dallas/Fort Worth International Airport, a large airport. The c ...
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