Hotels

Host Hotels & Resorts Corporate Office

Host Hotels & Resorts was founded in 1897 as Van Noy Railway News & Hotel Company by the Van Noy brothers.

In 1982 Marriott Corporation bought the company, then named Host International Company.

In 1992 the new company was split into Marriott International, which represented Marriott before the Host acquisition, and Host Marriott Corporation, which represented the businesses of the former Host International Company.

In 1996 Host sold 16 Marriott Courtyard and 18 Residence Inn hotels in order to concentrate on its core business of ownership of lodging real estate and operation of airport terminal concession businesses and franchises.

In 1998 Host became a Real Estate Investment Trust (REIT), which is a company that operates income-producing real estate.

Today Host Hotels & Resorts owns 115 upscale hotels in the United States, Australia, Brazil, Canada, Chile, Mexico, and New Zealand, which have a total of 60,000 rooms.

The company trades publicly on the New York Stock Exchange under the ticker symbol HST, is a member of the S&P 500, is #477 in the Fortune 500, has 242 employees, and had $5.34 billion in revenue in 2013.

Host Hotels & Resorts

Host Hotels & Resorts was founded in 1897 as Van Noy Railway News & Hotel Company by the Van Noy brothers.

In 1982 Marriott Corporation bought the company, then named Host International Company.

History

In 1998 Host became a Real Estate Investment Trust (REIT), which is a company that operates income-producing real estate.

Today Host Hotels & Resorts owns 115 upscale hotels in the United States, Australia, Brazil, Canada, Chile, Mexico, and New Zealand, which have a total of 60,000 rooms.

Las Vegas Sands Corporate Office

In 1989 partners Sheldon Adelson, Richard Katzeff, Irwin Chafetz, Ted Cutler, and Jordan Shapiro bought the Sands Hotel in Las Vegas.

The partners opened the Sands Expo and Convention Center in 1990 in front of the Sands Hotel.

Within a few years the Sands was unable to compete with other Las Vegas hotels and was imploded to make room for The Venetian. The Venetian was modeled after hotels in Venice, Italy.

In addition to The Venetian, today Las Vegas Sands majority owns and operates The Venetian Macau on the Cotai Strip in Macau, China, two other properties in Macau, and the Marina Bay Sands in Singapore.

Las Vegas Sands trades publicly on the New York Stock exchange under the ticker symbol LVS, is a member of the S&P 500, is #85 in Fortune’s Fastest Growing Companies, is #211 in the Fortune 500, $3.6 billion in revenue in 2020.

Las Vegas Sands

In 1989 partners Sheldon Adelson, Richard Katzeff, Irwin Chafetz, Ted Cutler, and Jordan Shapiro bought the Sands Hotel in Las Vegas.

The partners opened the Sands Expo and Convention Center in 1990 in front of the Sands Hotel.

Within a few years the Sands was unable to compete with other Las Vegas hotels and was imploded to make room for The Venetian. The Venetian was modeled after hotels in Venice, Italy.

History

Starwood Hotels & Resorts Corporate Office

Starwood Hotels & Resorts Worldwide Inc. was formed by the real estate investment firm Starwood Capital as Starwood Lodging.

At first the company operated hotels under several names, and in 1994 bought The Westin Company. Sheraton, Four Points by Sheraton, and The Luxury Collection hotels followed in 1998.

In 1999 Starwood launched the “W” brand of hotels.

Today the company is one of the largest hotel companies in the world with 1,175 hotels in 100 countries.

Starwood Hotels & Resorts Worldwide Inc. is publicly traded on the New York Stock Exchange under the ticker symbol HOT, is a member of the S&P 500, is #424 in the Fortune 500, has 181,400 employees, and had $3.33 billion in revenue in 2013.

Starwood Hotels & Resorts Worldwide Inc.

Starwood Hotels & Resorts Worldwide Inc. was formed by the real estate investment firm Starwood Capital as Starwood Lodging.

At first the company operated hotels under several names, and in 1994 bought The Westin Company. Sheraton, Four Points by Sheraton, and The Luxury Collection hotels followed in 1998.

In 1999 Starwood launched the “W” brand of hotels.

History

Today the company is one of the largest hotel companies in the world with 1,175 hotels in 100 countries.

InTown Suites Corporate Office

InTown Suites was founded in 1988 by David Vickers. The chain grew quickly, and by 1998 had 26 properties.

In 1998 the company received an investment of $150 million and the chain increased to 76 properties.

Today InTown Suites has 196 locations in 22 states, mostly in the Southern and Central parts of the United States.

InTown Suites is an extended-stay hotel chain, offering accommodations for a week or longer that include kitchens, laundry facilities, internet access, and weekly housekeeping.

The weekly rate is between $159 and $259 per week, with no discounts given for shorter stays.

In November 2022, InTown Suites announced a partnership with Hire Heros USA to help veterans gain employment.

InTown Suites is operated by Westmont Hospitality Group, which acquired the hotel chain in 2007 for $781 million.

InTown Suites maintains a corporate office in Atlanta, Georgia.

InTown Suites

InTown Suites was founded in 1988 by David Vickers. The chain grew quickly, and by 1998 had 26 properties.

In 1998 the company received an investment of $150 million and the chain increased to 76 properties.

History

Today InTown Suites has 196 locations in 22 states, mostly in the Southern and Central parts of the United States.

InTown Suites is an extended-stay hotel chain, offering accommodations for a week or longer that include kitchens, laundry facilities, internet access, and weekly housekeeping.

The weekly rate is between $159 and $259 per week, with no discounts given for shorter stays.

In November 2022, InTown Suites announced a partnership with Hire Heros USA to help veterans gain employment.

InTown Suites is operated by Westmont Hospitality Group, which acquired the hotel chain in 2007 for $781 million.

InTown Suites maintains a corporate office in Atlanta, Georgia.

MGM Resorts Corporate Office

In 1969 Kirk Kerkorian bought a controlling interest in Metro-Goldwyn-Mayer film studio.

Because of the debt incurred from this venture, Kerkorian was forced to sell his casino company, International Leisure, to Hilton Hotels. When the casino he had built, the Las Vegas Hilton, became the most successful casino in Las Vegas, he was inspired to lead his new film studio into the gambling industry.

He opened the MGM Grand Hotel and Casino in 1973 and the MGM Grand Reno in 1978.

In 1979 most of the company’s income was from the two hotel-casinos and the company announced it would split into two. In 1980, the film studio was spun-off into a new company. Founder Kerkorian retained a 47% stake in both companies.

In 1985 Kerkorian sold the two hotel-casinos to Bally’s, retaining the rights to the MGM name in the deal.

The company now known as MGM Resorts International was founded in 1986 as a subsidiary of Kerkorian’s Tracinda Corporation.

In 1993 the company opened the MGM Grand Las Vegas and the MGM Grand Adventures theme park. The final construction cost was $1 billion.

In 1997 MGM opened the New York New York Hotel and Casino, a casino that recreated the New York skyline, across the street from the MGM Grand Las Vegas.

The company continued to grow through mergers, joint ventures, and partnerships.

Today MGM Resorts International focuses on the hospitality industry as well as gaming, and it manages non-gaming hotels and residences worldwide.

MGM Resorts International trades on the New York Stock Exchange under the symbol MGM, is #292 in the Fortune 500, and had $9.44 billion in revenue in 2013.

MGM Resorts International

In 1969 Kirk Kerkorian bought a controlling interest in Metro-Goldwyn-Mayer film studio.

He opened the MGM Grand Hotel and Casino in 1973 and the MGM Grand Reno in 1978.

History

In 1985 Kerkorian sold the two hotel-casinos to Bally’s, retaining the rights to the MGM name in the deal.

The company now known as MGM Resorts International was founded in 1986 as a subsidiary of Kerkorian’s Tracinda Corporation.

In 1993 the company opened the MGM Grand Las Vegas and the MGM Grand Adventures theme park. The final construction cost was $1 billion.

In 1997 MGM opened the New York New York Hotel and Casino, a casino that recreated the New York skyline, across the street from the MGM Grand Las Vegas.

The company continued to grow through mergers, joint ventures, and partnerships.

Today MGM Resorts International focuses on the hospitality industry as well as gaming, and it manages non-gaming hotels and residences worldwide.

MGM Resorts International trades on the New York Stock Exchange under the symbol MGM, is #292 in the Fortune 500, and had $9.44 billion in revenue in 2013.