1987 |
British bookmaker Ladbroke Group agrees to buy Hilton International from Allegis Corp . for US $ 1.07 billion . |
1994 |
Starwood Hotels & Resorts Worldwide outbids Hilton Hotels Corp . and completes the US $ 14.3 billion acquisition of ITT Sheraton . |
1998 |
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1985
Sheraton Hotels and Resorts becomes the first Western operator to run a 5-star hotel in China when it takes over management of the state-run Great Wall Beijing Hotel . Accor follows in 1985 and Hilton arrives in 1988 .
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1988
Bass buys Holiday Inns International , and the brand ’ s North American business the next year .
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ITT Corp .’ s Sheraton Hotels unit acquires Italy ’ s troubled Ciga Hotels SpA from the Aga Khan for about US $ 530 million , outbidding Forte and Host Marriott . The hotels become part of ITT Sheraton Luxury Hotels and later The Luxury Collection after Starwood buys Sheraton . |
1994
Starwood Capital acquires a majority of the distressed senior debt of Hotel Investors Trust , setting the stage for the firm ’ s emergence in the hospitality space .
1995
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1998
Starwood Hotels & Resorts Worldwide launches W Hotels with the W New York , a conversion of the old Doral Inn in Manhattan .
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1984
Holiday Inn debuts Embassy Suites hotels , the first U . S . all-suite hotel chain , in Overland Park , Kansas .
1984
Ian Schrager opens his first hotel , Morgans Hotel in New York .
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1988
Hong Kong-based operator The Peninsula Hotels opens its first hotel in the American market , The Peninsula New York .
1988
Marriott opens its 500th hotel in Warsaw , Poland , the first Western-managed hotel in Eastern Europe .
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1994
The first online hotel catalog debuts with TravelWeb . com .
1994
Promus and Hyatt Hotels are the first hotel chains to establish websites .
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Marriott acquires a 49 % interest in The Ritz-Carlton Hotel Co .
1995
Starwood Capital creates Starwood Hotels & Resorts Worldwide with Barry Sternlicht becoming chairman and CEO . It later purchases Westin Hotels & Resorts .
1995
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1997
Hilton International and Hilton Hotels Corp . enter into a worldwide marketing alliance .
1996
Best Western becomes the oldest continually operating brand , celebrating its 50th anniversary .
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1993 |
Granada acquires Forte Plc in a hostile takeover . |
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Marriott Corp . splits into Marriott International Corp . and Host Marriott Corp . |
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16 hotelsmag . com September 2016 |