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U.S. Franchise Systems
U.S. Franchise Systems was a franchise company that owned Microtel Inns and Suites and Hawthorn Suites. It was founded in 1995 by Michael A. Leven and his nephew Neal Aronson. In March 1996, the company acquired the franchise rights to Hawthorn Suites, and acquired full ownership of the brand on March 12, 1998. In 1998, U.S. Franchise Systems, Inc. announced that it has purchased Best Inns Suites. US Franchise Systems later sold the America's Best Inn (formerly Best Inns) chain to the Country Hearth Inns chain (since renamed America's Best Franchising Inc.) in 2005. Aronson would later leave after the sale to Pritzker family in 2000, to form Roark Capital Group. Leven retired in 2007. In 2000, the Pritzker family of Chicago, who owns Hyatt, purchased the company. By 2008, Hyatt had sold it to Wyndham Worldwide Travel + Leisure Co. (formerly Wyndham Destinations, Inc., and Wyndham Worldwide Corporation) is an American timeshare company headquartered in Orlando, Florida. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wyndham Worldwide
Travel + Leisure Co. (formerly Wyndham Destinations, Inc., and Wyndham Worldwide Corporation) is an American timeshare company headquartered in Orlando, Florida. It develops, sells, and manages timeshare properties under several vacation ownership clubs, including Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Accor Vacation Club. The company provides timeshare exchange services, primarily through RCI, and travel clubs including Travel + Leisure GO. The company operates two business lines: Vacation Ownership and Travel & Membership. Wyndham Worldwide was formed as a spin-off from Cendant Corporation in 2006, with ownership of Cendant's hotel and timeshare businesses. In 2018, Wyndham Worldwide spun off its hotel division as Wyndham Hotels & Resorts and changed its own name to Wyndham Destinations and then to Travel + Leisure in 2021 following the acquisition of the brand from Meredith Corporation, later known as Dotdash Meredith. The '' Travel + Leisu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neal Aronson
Neal Keith Aronson (born 1965) is an American billionaire businessman, and the founder and managing partner of Roark Capital Group, a private equity firm. Aronson earned a bachelor's degree from Lehigh University. He started his career in the corporate finance department of Drexel Burnham Lambert. In 1995, together with his uncle, Mike Leven, a former president of Holiday Inn, he co-founded U.S. Franchise Systems, and expanded a regional chain of 27 hotels into the US's tenth-largest hotel franchisor with more than 1,100 properties before selling it to the Pritzker family's Hyatt Hotels in 2000 for $100 million, earning Aronson about $10 million. In 2001, Aronson founded Roark Capital. As of May 2025, ''Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...'' estimated his n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlanta, Georgia
Atlanta ( ) is the List of capitals in the United States, capital and List of municipalities in Georgia (U.S. state), most populous city in the U.S. state of Georgia (U.S. state), Georgia. It is the county seat, seat of Fulton County, Georgia, Fulton County and extends into neighboring DeKalb County, Georgia, DeKalb County. With a population of 520,070 (2024 estimate) living within the city limits, Atlanta is the eighth most populous city in the Southeastern United States, Southeast and List of United States cities by population, 36th most populous city in the United States according to the 2020 United States census, 2020 U.S. census. Atlanta is classified as a Globalization and World Cities Research Network#Beta +, Beta + global city and is the principal city of the much larger Atlanta metropolitan area, the core of which includes Cobb County, Georgia, Cobb, Clayton County, Georgia, Clayton and Gwinnett County, Georgia, Gwinnett counties, in addition to Fulton and DeKalb. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyatt
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational corporation, multinational hospitality company headquartered in the 150 North Riverside, Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across South America, North America, Europe, Asia, Africa and Australia. The Hyatt Corporation came into being upon purchase of the Hyatt House, at Los Angeles International Airport, on September 27, 1957. In 1969, Hyatt began expanding internationally. Hyatt has expanded its footprint through a number of acquisitions, including the acquisition of AmeriSuites (later rebranded Hyatt Place) in 2004, Summerfield Suites (later rebranded Hyatt House) in 2005, Two Roads Hospitality in 2018, Apple Leisure Group in 2021, Sant Si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hawthorn Suites
Hawthorn Suites is a chain of hotels in the United States owned by Wyndham Hotels and Resorts. Most Hawthorn Suites offer amenities such as meeting rooms, exercise facilities, swimming pools, and a free hot buffet breakfast and dinner. It competes with Hilton's Homewood Suites, Hyatt's Hyatt House, Marriott's Residence Inn, and InterContinental's Staybridge Suites in the upper moderate to low upscale segment of the extended-stay market. Since Hawthorn is not an entirely exclusive extended-stay brand, however, it may also compete with Marriott's SpringHill Suites and Comfort Suites in the non-extended-stay, all-suite segment of the market. As of December 31, 2018, it has 110 properties with 10,633 rooms. History The chain was founded in 1983 in Austin, Texas by Hawthorn Property Group, a real estate company based in Chicago, Illinois. The chain's first properties were in and around Austin, with two of them having been acquired from the Austin-based Brookhollow chain in 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 Corporation. 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. Vantage planned to re-launch the then inactive ''Signature Inn'' brand as a budget chain, wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roark Capital Group
Roark Capital Management, LLC, also known as Roark Capital Group or simply Roark Capital, is an American private equity firm with around $37 billion in assets under management. The firm is focused on leveraged buyout investments in middle-market companies, primarily in the franchise/multi-location, restaurant and food, health and wellness, and business services sectors. It is named for Howard Roark, the protagonist in Ayn Rand's novel '' The Fountainhead''. The firm claims that its name is not meant to connote any particular political philosophy but instead signify the firm's admiration for the iconoclastic qualities of independence and self-assurance embodied by the central figure in ''The Fountainhead''. History The firm, which is based in Atlanta, Georgia, was founded in 2001 by the current Managing Partner, Neal K. Aronson. Prior to founding Roark Capital Group in 2001, Aronson was a co-founder of U.S. Franchise Systems in 1995. Investments Roark's current and former por ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pritzker Family
The Pritzker family is an American family engaged in various business enterprises and philanthropy, and one of the wealthiest families in the United States (staying in the top 10 of ''Forbes'' magazine's "America's Richest Families" list since the magazine began such listings in 1982). Its fortune started in the 20th century, particularly through the expansion of the Hyatt Hotels Corporation by Jay Pritzker. Family members still largely own Hyatt and prior to its sale to Berkshire Hathaway, the Marmon Group, a conglomerate of manufacturing and industrial service companies. They have also had holdings in the Superior Bank of Chicago (which collapsed in 2001), the TransUnion credit bureau, Braniff airlines, ''McCall's'' magazine, and the Royal Caribbean International cruise line. The Pritzker family is of Jewish descent and based in Chicago. Yakov "Jacob" Pritzker (1831–1896), was the manager of a sugar factory in Kyiv Governorate in the territory of modern Ukraine. At firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wyndham Destinations
Travel + Leisure Co. (formerly Wyndham Destinations, Inc., and Wyndham Worldwide Corporation) is an American timeshare company headquartered in Orlando, Florida. It develops, sells, and manages timeshare properties under several vacation ownership clubs, including Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Accor Vacation Club. The company provides timeshare exchange services, primarily through RCI (company), RCI, and travel clubs including Travel + Leisure GO. The company operates two business lines: Vacation Ownership and Travel & Membership. Wyndham Worldwide was formed as a Corporate spin-off, spin-off from Cendant Corporation in 2006, with ownership of Cendant's hotel and timeshare businesses. In 2018, Wyndham Worldwide spun off its hotel division as Wyndham Hotels & Resorts and changed its own name to Wyndham Destinations and then to Travel + Leisure in 2021 following the acquisition of the brand from Meredith Corporation, later known as Dotdash ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hospitality Companies Established In 1995
Hospitality is the relationship of a host towards a guest, wherein the host receives the guest with some amount of goodwill and welcome. This includes the reception and entertainment of guests, visitors, or strangers. Louis, chevalier de Jaucourt describes hospitality in the as the virtue of a great soul that cares for the whole universe through the ties of humanity. Hospitality is also the way people treat others, for example in the service of welcoming and receiving guests in hotels. Hospitality plays a role in augmenting or decreasing the volume of sales of an organization. Hospitality ethics is a discipline that studies this usage of hospitality. Etymology "Hospitality" derives from the Latin , meaning "host", "guest", or "stranger". is formed from , which means "stranger" or "enemy" (the latter being where terms like "hostile" derive). By metonymy, the Latin word means a guest-chamber, guest's lodging, an inn. is thus the root for the English words ''host'', ''hospi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
