Jump to content

Park Plaza Hotels & Resorts: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
→‎History: simplify
Updated URL
 
(44 intermediate revisions by 18 users not shown)
Line 1: Line 1:
{{Short description|Brand of hotel chain}}
{{for|the franchisee of Park Plaza hotels in EMEA region, formerly known as "Park Plaza Hotels Limited"|PPHE Hotel Group}}
{{for|the franchisee of Park Plaza hotels in EMEA region, formerly known as "Park Plaza Hotels Limited"|PPHE Hotel Group}}
{{redirect|Park Hotels International|other unrelated Park Hotel(s)|Park Hotel (disambiguation)}}
{{redirect|Park Hotels International|other unrelated Park Hotel(s)|Park Hotel (disambiguation)}}
⚫
{{redirect|Park Inn}}
{{Infobox brand
{{Infobox brand
| name = Park Plaza Hotels & Resorts
| name = Park Plaza Hotels & Resorts
| logo = File:Park Plaza Hotels & Resorts 2019 logo.png
| logo = [[File:Park Plaza logo.svg|100px]]
| logo_upright =
| logo_upright = yes
| logo_alt =
| logo_alt =
| logo_caption = Park Plaza Hotels & Resorts logo since 2019
| logo_caption =
| image = File:Park Plaza (6266283206).jpg
| image =
| image_upright =
| image_upright =
| alt =
| alt =
| caption = [[Park Plaza Westminster Bridge]] of PPHE Hotel Group
| caption =
| producttype = [[hotel chain]]
| producttype = [[hotel chain]]
| currentowner = [[Radisson Hotel Group]]
| currentowner = {{unbulleted list|[[Radisson Hotel Group]] |[[Choice Hotels]]}}
| producedby = {{aligned table|[[Radisson Hotel Group]]||[[PPHE Hotel Group]]|(franchisee)}}
| producedby = {{unbulleted list|[[Radisson Hotel Group]]||[[PPHE Hotel Group]] (franchisee)}}
| country = United States
| country = United States
| introduced = 1986
| introduced = 1986
| discontinued =
| discontinued =
| related = {{ubl|Park Inn|[[Radisson Hotels|Radisson]]|[[Country Inn & Suites by Radisson|Country Inn & Suites]]|prizeotel|art'otel (owned by PPHE)}}
| related = {{ubl|Park Inn|[[Radisson Hotels|Radisson]]|[[Country Inn & Suites by Radisson|Country Inn & Suites]]|prizeotel|art'otel (owned by PPHE)}}
| markets = Worldwide
| markets = Worldwide
| previousowners = {{ubl|Park Plaza International|Olympus Hospitality Group|Park Hospitality}}
| previousowners = {{ubl|Park Plaza International|Olympus Hospitality Group|Park Hospitality}}
| trademarkregistrations =
| trademarkregistrations =
| ambassadors =
| ambassadors =
| tagline =
| tagline =
| website = {{url|https://www.parkplaza.com}}
| website = {{URL|https://www.choicehotels.com/park-plaza}}<br>{{URL|https://www.parkplaza.com}}
| module = <!-- or: misc -->
| module = <!-- or: misc -->
| module1 = <!-- or: misc1 -->
| module1 = <!-- or: misc1 -->
}}
}}

'''Park Plaza Hotels & Resorts''', formerly '''Park Plaza International Hotels, Inns and Resorts''' and commonly known as just '''Park Plaza''', is a hotel chain which runs several hotel groups as franchises. It was established in 1986 as a company and acquired by Olympus Real Estate in 1997. In year 2000, [[Carlson Companies|Carlson]] acquired the Park Plaza Hotels & Resorts as well as sister brand '''Park Inn'''. As of 2019, the brands were owned by [[Radisson Hotel Group]] (formerly Carlson Hotels).
'''Park Plaza Hotels & Resorts''', formerly ''Park Plaza International Hotels, Inns and Resorts'' and commonly known as just '''Park Plaza''', is a hotel chain which runs several hotel groups as franchises. It was established in 1986 as a company and acquired by Olympus Real Estate in 1997. In year 2000, [[Carlson Companies|Carlson]] acquired the Park Plaza Hotels & Resorts as well as sister brand '''[[Park Inn]]'''. As of 2019, the brands were owned by [[Radisson Hotel Group]] (formerly Carlson Hotels).


==History==
==History==
[[File:Park Plaza Hotels logo circa 1997.gif|thumb|left|200px|former logo of Park Plaza International]]
[[File:Westminster Park Plaza Hotel, Westminster Bridge SE1 - geograph.org.uk - 2407011.jpg|thumb|Park Plaza in [[Westminster]]]]
===Foundation and early years===
'''Park Plaza International Hotels, Inns and Resorts''' was founded as a hotel management company and brand in 1986,<ref name=quietly>{{cite web|url=https://www.bizjournals.com/phoenix/stories/1998/04/20/story4.html|title=Park Plaza quietly expanding|publisher=Biz Journals|date=19 April 1998|accessdate=17 June 2019}}</ref> by Jonathan R. Read.<ref>{{cite web|url=https://quotes.wsj.com/TFVR/company-people/executive-profile/139897035|title=TimefireVR Inc. key people: Jonathan R. Read, 60|date=c. 2019|access-date=January 29, 2019|work=The Wall Street Journal|location=New York City}}</ref>
Park Plaza International Hotels, Inns and Resorts was founded as a hotel management company and brand in 1986,<ref name=quietly>{{cite web|url=https://www.bizjournals.com/phoenix/stories/1998/04/20/story4.html|title=Park Plaza quietly expanding|publisher=Biz Journals|date=19 April 1998|access-date=17 June 2019}}</ref> by Jonathan R. Read.<ref>{{cite web|url=https://quotes.wsj.com/TFVR/company-people/executive-profile/139897035|title=TimefireVR Inc. key people: Jonathan R. Read, 60|date=c. 2019|access-date=January 29, 2019|work=The Wall Street Journal|location=New York City}}</ref> In 1994, Park Plaza International licensed the Park Plaza brand to "Park Plaza Hotels Limited" with rights to operate in Belgium, The Netherlands, Luxembourg, the United Kingdom and Israel.<ref name=2003deal/>


⚫
Park Plaza International was acquired by Olympus Hospitality Group, a division of Olympus Real Estate in October 1997.<ref name=Olympuswsj1997/><ref name=magazine1998>{{cite magazine|url=https://www.nreionline.com/mag/olympus-eyes-properties-firms-turnarounds|title=Olympus eyes properties, firms for turnarounds|date=June 1, 1999|access-date=January 28, 2019|magazine=National Real Estate Investor |publisher=Informa|type=interview}}</ref> According to ''[[The Wall Street Journal]]'', a new parent company of the Park Plaza hotel group, Park Hotels International LLC, was formed as part of the deal.<ref name=Olympuswsj1997>{{cite news|url=https://www.wsj.com/articles/SB874531522184316000|title=Olympus, Park Plaza Hotels Agree on New Parent Company|date=September 18, 1997|access-date=January 29, 2019|newspaper=The Wall Street Journal|url-access=subscription|publication-place=New York City|location=Dallas|quote=Closely held Park Plaza, a Scottsdale, Ariz., hotel company, controls the Park Plaza and Park Inn brands}}</ref> Park Plaza International, at that time owned Park Plaza as well as Park Inn [[hotel chain]]s.<ref name=Olympuswsj1997/> In June 1998, Park Plaza International,- -the press release did not specify it was Park Plaza International Hotels, Inns and Resorts or another legal entity Park Plaza International, LLC. - backed by Olympus Real Estate, acquired a controlling stake in Australia-listed company Kemayan Hotels and Leisure (KHL).<ref name=quietly/> KHL was renamed into Park Plaza Kemayan immediately - the name of the company also had changed many times over its history.<ref>{{cite web|url=http://www.delisted.com.au/company/park-plaza-kemayan-limited|title=Park Plaza Kemayan Limited PPL — Profile and Status|website=www.delisted.com.au|access-date=16 June 2019}}</ref><ref>{{cite web|url=http://abr.business.gov.au/|title=ABN Lookup|date=1 November 2014|website=abr.business.gov.au|access-date=16 June 2019}}</ref>
In 1994, Park Plaza International licensed the Park Plaza brand to "Park Plaza Hotels Europe" (also known as "Park Plaza Hotels Limited") with rights to operate in Belgium, The Netherlands, Luxembourg, the United Kingdom and Israel.<ref name=2003deal/>


⚫
In July 1999, Park Plaza Worldwide, LLC{{sic}}, acquired 50% rights of the brand art'otel from Dirk Gadeke.<ref name=JER/> In mid-1999, it was reported that Park Plaza Worldwide formed another joint venture with J.E. Robert Companies (JER), with JER owned 80% stake of the JV.<ref name=JER/><ref name=frmagazine/><ref name=fvw>{{cite news|url=https://www.fvw.de/news/archiv/park-plaza-gruendet-joint-venture/393/20949/18126|title=Park Plaza gründet Joint-venture|date=July 27, 1999|access-date=February 4, 2019|work=FVW|language=de}}</ref> In addition, JER had an option to acquire up to 35% of Park Plaza Worldwide.<ref name=JER>{{cite journal|url=http://connection.ebscohost.com/c/articles/2305380/park-plaza-plans-global-growth|title=Park Plaza plans global growth|date=September 20, 1999|access-date=February 4, 2019|pages=3, 34|journal=Hotel & Motel Management|volume=214|issue=16|first=Garry|last=Boulard|location=Scottsdale, Arizona}}{{dead link|date=November 2020|bot=medic}}{{cbignore|bot=medic}}</ref><ref name=frmagazine>{{cite journal|url=https://www.lhotellerie-restauration.fr/lhotellerie/articles/2630_09_septembre_1999/park-plaza-s-allie.html|title=Park Plaza s'allie à J.E Robert Companies |date=September 9, 1999|access-date=February 4, 2019|journal=L'Hôtellerie|issue=2630|language=fr}}</ref> In July 1999, Paris Park Plaza Worldwide also announced the opening of Park Plaza Orleans Palace. That hotel was acquired by the joint venture with JER, according to reports.<ref name=JER/><ref name=frmagazine/><ref name=fvw/>
⚫
Park Plaza International was acquired by Olympus Hospitality Group, a division of Olympus Real Estate in October 1997.<ref name=Olympuswsj1997/><ref name=magazine1998>{{cite magazine|url=https://www.nreionline.com/mag/olympus-eyes-properties-firms-turnarounds|title=Olympus eyes properties, firms for turnarounds|date=June 1, 1999|access-date=January 28, 2019|magazine=National Real Estate Investor |publisher=Informa|type=interview}}</ref> According to ''[[The Wall Street Journal]]'', a new parent company of the Park Plaza hotel group, Park Hotels International LLC, was formed as part of the deal.<ref name=Olympuswsj1997>{{cite news|url=https://www.wsj.com/articles/SB874531522184316000|title=Olympus, Park Plaza Hotels Agree on New Parent Company|date=September 18, 1997|access-date=January 29, 2019|newspaper=The Wall Street Journal|url-access=subscription|publication-place=New York City|location=Dallas|quote=Closely held Park Plaza, a Scottsdale, Ariz., hotel company, controls the Park Plaza and Park Inn brands}}</ref> Park Plaza group, had another holding company Park Holdings LLC at that time.<ref name=magazine1998/> Park Plaza International, at that time owned Park Plaza as well as Park Inn [[hotel chain]]s.<ref name=Olympuswsj1997/>


===Takeover by Carlson from 2000===
In June 1998, Park Plaza International,{{refn|The press release did not specify it was Park Plaza International Hotels, Inns and Resorts or another legal entity Park Plaza International, LLC.|group=nb}} backed by Olympus Real Estate, acquired the controlling stake of Australia-listed company Kemayan Hotels and Leisure (KHL), which the stake had increased from 13.1% to approx. 55% of the share capital.<ref name=quietly/> KHL was renamed into Park Plaza Kemayan immediately.{{#tag:ref|The name of the company had changed many times over its company history,<ref>{{cite web|url=http://www.delisted.com.au/company/park-plaza-kemayan-limited|title=PARK PLAZA KEMAYAN LIMITED PPL - Profile and Status|website=www.delisted.com.au|accessdate=16 June 2019}}</ref><ref>{{cite web|url=http://abr.business.gov.au/|title=ABN Lookup|date=1 November 2014|website=abr.business.gov.au|accessdate=16 June 2019}}</ref> full list of former names omitted .|group="nb"|name="Kemayan2"}}
⚫
In 2000, [[Carlson Companies]], via Carlson Hotels (known as [[Radisson Hotel Group]] since 2018), acquired the Park Plaza Hotels & Resorts and sister brand Park Inn, by forming a joint venture: Park Hospitality, with Olympus Hospitality Group. Carlson and Olympus also formed a private equity fund Radisson–Olympus Capital Partners, to acquire hotels and convert them to use Carlson Hotels' [[Regent Hotels & Resorts|Regent]] or [[Radisson Hotels|Radisson]] brands.<ref name=book>{{cite book|title=Carlson Companies, Inc.|journal=International Directory of Company Histories|volume=181|date=2016|orig-year=previous versions of the article were published in vol.6, 22 and 87|publisher=St. James Press ([[Gale (publisher)|Gale]], [[Cengage Learning]] group)|location=Farmington Hills, Michigan|first1=Elisabeth|last1=Rourke|first2=David E.|last2=Salamie|first3=Kathleen|last3=Peippo|first4=Carrie|last4=Rothburd|isbn=978-1-55862-955-4|editor-first=Jay P.|editor-last=Pederson}}</ref> Also in 2000, Olympus Hospitality Group also acquired another hotel chain Chalet Susse, and converting them to [[Fairfield Inn by Marriott]], operated by competitor of Carlson, [[Marriott International]].<ref>{{cite web|url=https://www.hotelbusiness.com/olympus-marriott-to-rebrand-20-chalet-susse-hotels/|title=Olympus, Marriott To Rebrand 20 Chalet Susse Hotels|date=21 August 2000|publisher=Hotel Business|access-date=17 June 2019}}</ref> In the same year, Park Plaza Worldwide, chaired by Read, gave "Park Plaza Hotels Limited" (subsequently renamed "Park Plaza Hotels Europe" and then [[PPHE Hotel Group]]) exclusive territorial rights for Park Plaza brand in Europe and the Middle East region.<ref name=2000merger>{{cite press release|url=http://www.parkplazaww.com/pr.asp?SK=Park+Plaza+Merges+Europe+/Middle+East+Operations+with+Partner|archive-url=https://web.archive.org/web/20021021025729/http://www.parkplazaww.com/pr.asp?SK=Park+Plaza+Merges+Europe+%2FMiddle+East+Operations+with+Partner|title=Park Plaza Merges Europe /Middle East Operations with Partner|date=November 1, 2000|access-date=January 31, 2019|archive-date=October 21, 2002|publisher=Park Plaza Worldwide|location=Scottsdale, Arizona|url-status=dead}}</ref> Park Plaza International LLC,{{sic}} also acquired another hotel brand [[Rockresorts]] in August 2000: however, it was sold in the next year.<ref>{{cite news|url=https://www.hospitalitynet.org/news/4009982.html|title=Rockresorts Appoints New President and Announces Relocation of Its Headquarters to Denver, Colorado|date=October 30, 2001|access-date=January 29, 2019|work=Hospitality Net}}</ref>


⚫
Carlson acquired the remaining stake of Park Plaza and Park Inn brands, from Olympus Hospitality Group in 2003.<ref name=2003deal>{{cite web|url=https://www.bizjournals.com/twincities/stories/2003/09/15/daily21.html|title=Carlson Hotels completes acquisition of Park Inn and Park Plaza brands|date=16 September 2003|publisher=Biz Journals|access-date=17 June 2019}}</ref> The rights to use the brands in the Asia Pacific, was also bought back from Park Plaza Kemayan in the same year.<ref name=2003deal/> Carlson's hospitality business was renamed [[Radisson Hotel Group]] in 2017. A new logo of Park Plaza was announced in 2019.<ref>{{cite press release|url=https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/Pressreleases/2019/PPHE-Hotel-Group-Unveil-New-Park-Plaza-Brand-Identity.pdf|title=Radisson Hotel Group and PPHE Hotel Group Unveil New Park Plaza Brand Identity following significant portfolio investments|date=17 April 2019|access-date=18 April 2019|publisher=PPHE Hotel Group; Radisson Hotel Group}}</ref>
In July 1999, Park Plaza Worldwide, LLC{{sic}}, acquired 50% rights of the brand art'otel from Dirk Gadeke.<ref name=JER/>


⚫
==<span id="Park Inn"></span> Park Inn by Radisson==
⚫
In mid-1999, it was reported that Park Plaza Worldwide formed another joint venture with [[J.E. Robert Companies]] (JER), with JER owned 80% stake of the JV.<ref name=JER/><ref name=frmagazine/><ref name=fvw>{{cite news|url=https://www.fvw.de/news/archiv/park-plaza-gruendet-joint-venture/393/20949/18126|title=Park Plaza gründet Joint-venture|date=July 27, 1999|access-date=February 4, 2019|work=FVW|language=de}}</ref> In addition, JER had an option to acquire up to 35% of Park Plaza Worldwide.<ref name=JER>{{cite journal|url=http://connection.ebscohost.com/c/articles/2305380/park-plaza-plans-global-growth|title=Park Plaza plans global growth|date=September 20, 1999|access-date=February 4, 2019|pages=3, 34|magazine=Hotel & Motel Management|volume=214|issue=16|first=Garry|last=Boulard|location=Scottsdale, Arizona}}</ref><ref name=frmagazine>{{cite journal|url=https://www.lhotellerie-restauration.fr/lhotellerie/articles/2630_09_septembre_1999/park-plaza-s-allie.html|title=Park Plaza s'allie à J.E Robert Companies |date=September 9, 1999|access-date=February 4, 2019|work=L'HÔTELLERIE|issue=2630|language=fr}}</ref>

In July 1999, Paris Park Plaza Worldwide also announced the opening of Park Plaza Orleans Palace. That hotel was acquired by the joint venture with JER, according to reports.<ref name=JER/><ref name=frmagazine/><ref name=fvw/>

⚫
In 2000, [[Carlson Companies]], via Carlson Hotels (known as [[Radisson Hotel Group]] since 2018), acquired the Park Plaza Hotels & Resorts and sister brand Park Inn,{{rp|93}} by forming a joint venture: Park Hospitality, with Olympus Hospitality Group. Carlson and Olympus also formed a private equity fund Radisson–Olympus Capital Partners, to acquire hotels and convert them to use Carlson Hotels' [[Regent Hotels & Resorts|Regent]] or [[Radisson Hotels|Radisson]] brands.<ref name=book>{{cite book|title=Carlson Companies, Inc.|journal=International Directory of Company Histories|volume=181|date=2016|orig-year=previous versions of the article were published in vol.6, 22 and 87|publisher=St. James Press ([[Gale (publisher)|Gale]], [[Cengage Learning]] group)|location=Farmington Hills, Michigan|first1=Elisabeth|last1=Rourke|first2=David E.|last2=Salamie|first3=Kathleen|last3=Peippo|first4=Carrie|last4=Rothburd|isbn=978-1-55862-955-4|editor-first=Jay P.|editor-last=Pederson}}</ref> The brand Regent was sold by Carlson in 2010, but rest of the brands of Radisson Hotel Group (former Carlson Hotels), were still the sister brands of Park Plaza as of 2019. In 2000, Olympus Hospitality Group also acquired another hotel chain Chalet Susse, and converting them to [[Fairfield Inn by Marriott]], operated by competitor of Carlson, [[Marriott International]].<ref>{{cite we|url=https://www.hotelbusiness.com/olympus-marriott-to-rebrand-20-chalet-susse-hotels/|title=Olympus, Marriott To Rebrand 20 Chalet Susse Hotels|date=21 August 2000|publisher=Hotel Buisiness|accessdate=17 June 2019}}</ref>

In 2000, Park Plaza Worldwide, chaired by Read, gave "Park Plaza Hotels Europe" (now known as [[PPHE Hotel Group]]) exclusive territorial rights for Park Plaza brand in Europe and the Middle East region.<ref name=2000merger>{{cite press release|url=http://www.parkplazaww.com/pr.asp?SK=Park+Plaza+Merges+Europe+/Middle+East+Operations+with+Partner|archiveurl=https://web.archive.org/web/20021021025729/http://www.parkplazaww.com/pr.asp?SK=Park+Plaza+Merges+Europe+/Middle+East+Operations+with+Partner|title= Park Plaza Merges Europe /Middle East Operations with Partner|date=November 1, 2000|access-date=January 31, 2019|archivedate=October 21, 2002|publisher=Park Plaza Worldwide |location=Scottsdale, Arizona}}</ref>

Park Plaza International LLC,{{sic}} also acquired another hotel brand [[Rockresorts]] in August 2000: however, it was sold in the next year.<ref>{{cite news|url=https://www.hospitalitynet.org/news/4009982.html|title=Rockresorts Appoints New President and Announces Relocation of Its Headquarters to Denver, Colorado|date=October 30, 2001|access-date=January 29, 2019|work=Hospitality Net}}</ref>

[[File:Park Plaza Hotels Logo.svg|thumb|left|Park Plaza logo from circa the 2010s to 2019]]
Carlson acquired the remaining stake of Park Plaza and Park Inn brands, from Olympus Hospitality Group in 2003.<ref name=2003deal>{{cite web|url=https://www.bizjournals.com/twincities/stories/2003/09/15/daily21.html|title=Carlson Hotels completes acquisition of Park Inn and Park Plaza brands|date=16 September 2003|publisher=Biz Journals|accessdate=17 June 2019}}</ref> The rights to use the brands in the Asia Pacific, was also bought back from Park Plaza Kemayan in the same year.<ref name=2003deal/>

⚫
Carlson sold the parent company of Park Plaza: Carlson Hotels in 2016. The hospitality group was renamed to [[Radisson Hotel Group]] in 2017. A new logo of Park Plaza was announced in 2019.<ref>{{cite press release|url=https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/Pressreleases/2019/PPHE-Hotel-Group-Unveil-New-Park-Plaza-Brand-Identity.pdf|title=Radisson Hotel Group and PPHE Hotel Group Unveil New Park Plaza Brand Identity following significant portfolio investments|date=17 April 2019|access-date=18 April 2019|publisher=PPHE Hotel Group; Radisson Hotel Group}}</ref>

==Sister brands==
Park Plaza had sister brands such as Radisson Hotel Group's [[Radisson Hotels|Radisson]], [[Country Inn & Suites]] as well as Park Inn. Park Inn was acquired by [[Carlson Companies]] along with Park Plaza in 2000.

⚫
===<span id="Park Inn"></span> Park Inn by Radisson===
{{redirect|Park Inn}}
{{Infobox brand
{{Infobox brand
| name = Park Inn by Radisson
| name = Park Inn by Radisson
| logo = Park Inn by Radisson logo.png
| logo = [[File:Park Inn by Radisson logo.svg|125px]]
| logo_upright =
| logo_upright =
| logo_alt =
| logo_alt =
| logo_caption =
| logo_caption =
| image = Berlin - Park Inn Hotel1.jpg
| image =
| image_upright =
| image_upright =
| alt =
| alt =
| caption = [[Park Inn by Radisson Berlin Alexanderplatz]] of Rezidor Hotel Group
| caption =
| producttype = [[hotel chain]]
| producttype = [[hotel chain]]
| currentowner = [[Radisson Hotel Group]]
| currentowner = {{unbulleted list|[[Radisson Hotel Group]]|[[Choice Hotels]]}}
| producedby = {{aligned table|[[Radisson&nbsp;Hotel&nbsp;Group]]||[[Rezidor&nbsp;Hotel&nbsp;Group]]|(franchisee)}}
| producedby = {{unbulleted list|[[Radisson&nbsp;Hotel&nbsp;Group]]||{{nowrap|[[Rezidor&nbsp;Hotel&nbsp;Group]] ([[franchisee]])}}}}
| country = United States
| country = United States
| introduced = 1986 in Arizona
| introduced = 1986 in Arizona
| discontinued =
| discontinued =
| related = {{ubl|Park Plaza|Radisson|Country Inn & Suites|prizeotel}}
| related = Park Plaza Hotels & Resorts
| markets = Worldwide
| markets = Europe, Asia, Middle East
| previousowners = {{ubl|Park Plaza International|Olympus Hospitality Group|Park Hospitality}}
| previousowners = {{ubl|Park Plaza International|Olympus Hospitality Group|Park Hospitality}}
| trademarkregistrations =
| trademarkregistrations =
| ambassadors =
| ambassadors =
| tagline =
| tagline =
| website = {{url|https://www.parkinn.com}}
| website = {{URL |https://www.choicehotels.com}}<br>{{url|https://www.parkinn.com}}
| module = <!-- or: misc -->
| module = <!-- or: misc -->
| module1 = <!-- or: misc1 -->
| module1 = <!-- or: misc1 -->
}}
}}
⚫
{{redirect|Park Inn}}
[[File:Park Inn International hotel chain logo circa 1997.gif|thumb|left|200px|former logo of Park Inn International]]
Park Inn by Radisson, formerly Park Inn<ref>{{cite news|url=https://www.businesstraveller.com/accommodation/2010/06/03/park-inn-rebrands-as-park-inn-by-radisson/|title=Park Inn rebrands as "Park Inn by Radisson"|date=June 3, 2010|access-date=January 29, 2019|work=Business Traveller}}</ref> and Park Inn International, is a midscale group of hotels that had over 130 locations worldwide, as of December 31, 2012.<ref name=officialfactsheet/>
'''Park Inn by Radisson''', formerly branded ''Park Inn'' and ''Park Inn International'',<ref>{{cite news|url=https://www.businesstraveller.com/accommodation/2010/06/03/park-inn-rebrands-as-park-inn-by-radisson/|title=Park Inn rebrands as "Park Inn by Radisson"|date=June 3, 2010|access-date=January 29, 2019|work=Business Traveller}}</ref> is a midscale [[hotel chain]] and a sister brand to Park Plaza owned by the [[Radisson Hotel Group]].<ref name=officialfactsheet/>


===History===
According to the company itself, it was founded in 1986 in Arizona.<ref name=officialfactsheet>{{cite web|url=https://www.radissonblu.com/galleries/parkinn/PDF/parkinn-about-development-ebook.pdf|title=The Americas Business Development Brochure |date=2013|access-date=January 20, 2019|publisher=Park Inn by Radisson|via=Radisson Blu website}}</ref>
The company was founded in 1986 in Arizona<ref name=officialfactsheet>{{cite web|url=https://www.radissonblu.com/galleries/parkinn/PDF/parkinn-about-development-ebook.pdf|title=The Americas Business Development Brochure |date=2013|access-date=January 20, 2019|publisher=Park Inn by Radisson|via=Radisson Blu website}}</ref> and was subsequently acquired by [[Carlson Companies]] along with sister company Park Plaza in 2000.


Since 2003, some of the Park Inn hotels were operated by franchisee [[Rezidor Hotel Group]],<ref>{{cite web|url=https://www.parkinn.com/about/story|title=The Park Inn by Radisson Story|access-date=January 20, 2019|publisher=Park Inn by Radisson}}</ref> an associate company of Carlson Companies from 2006 to 2010, and a subsidiary of Carlson, via their wholly owned division Carlson Hotels, from 2010 to 2016. Rezidor acquired the franchise rights of Park Inn brand for EMEA region from 2002.<ref>{{cite web|url=http://www.rezidor.com/cs/Satellite/Page/Rezidor/Page/defaultRezidor/1165588170684/en/|title=Our Heritage|date=c. 2007|access-date=January 17, 2019|publisher=Rezidor Hotel Group|archiveurl=https://web.archive.org/web/20071028090341/http://www.rezidor.com/cs/Satellite/Page/Rezidor/Page/defaultRezidor/1165588170684/en/|archivedate=October 28, 2007}}</ref>
The [[Rezidor Hotel Group]] acquired the franchise rights of Park Inn brand for [[Europe, the Middle East and Africa]] from 2002.<ref>{{cite web|url=http://www.rezidor.com/cs/Satellite/Page/Rezidor/Page/defaultRezidor/1165588170684/en/|title=Our Heritage|date=c. 2007|access-date=January 17, 2019|publisher=Rezidor Hotel Group|archive-url=https://web.archive.org/web/20071028090341/http://www.rezidor.com/cs/Satellite/Page/Rezidor/Page/defaultRezidor/1165588170684/en/|archive-date=October 28, 2007}}</ref> Since 2003, some of the Park Inn hotels were operated by franchisee Rezidor,<ref>{{cite web|url=https://www.parkinn.com/about/story|title=The Park Inn by Radisson Story|access-date=January 20, 2019|publisher=Park Inn by Radisson}}</ref> an associate company of Carlson Companies from 2006 to 2010, and a subsidiary of Carlson, via their wholly owned division Carlson Hotels, from 2010 to 2016.


==Footnotes==
===Locations===
As of 2024, Park Inn by Radisson operates over 100 locations mainly in Europe with additional properties in Asia and the Middle East.<ref>[https://www.radissonhotels.com/en-us/brand/park-inn/hotels radissonhotels.com - Hotels] retrieved 13 April 2024</ref> It had over 130 locations as of 2012.<ref name=officialfactsheet/>
{{reflist|group=nb}}

Among its most notable properties is the [[Park Inn by Radisson Berlin Alexanderplatz|Park Inn by Radisson at Alexanderplatz]], one of the tallest and most notable buildings in [[Berlin]].


==References==
==References==
Line 103: Line 90:
==External links==
==External links==
* {{official website}}
* {{official website}}
{{Radisson Hotel Group}}

{{Carlson}}
{{Carlson}}
{{Hotel chains}}
{{Hotel chains}}


{{DEFAULTSORT:Park Plaza Hotels And Resorts}}
{{DEFAULTSORT:Park Plaza Hotels And Resorts}}
[[Category:Park Plaza Hotels & Resorts| ]]

[[Category:Hotels established in 1986]]
[[Category:Hotel chains in the United States]]
[[Category:Hotel chains in the United States]]
[[Category:Radisson Hotel Group brands]]
[[Category:Radisson Hotel Group brands]]
[[Category:Companies based in Scottsdale, Arizona]]
[[Category:Companies based in Scottsdale, Arizona]]
[[Category:Privately held companies based in Arizona]]
[[Category:Privately held companies based in Arizona]]
[[Category:Park Plaza Hotels & Resorts| ]]
[[Category:1986 establishments in Arizona]]

Latest revision as of 16:42, 5 June 2024

For the franchisee of Park Plaza hotels in EMEA region, formerly known as "Park Plaza Hotels Limited", see PPHE Hotel Group.
"Park Hotels International" redirects here. For other unrelated Park Hotel(s), see Park Hotel (disambiguation).
Park Plaza Hotels & Resorts
Product typehotel chain
Owner
Produced by
CountryUnited States
Introduced1986
Related brands
MarketsWorldwide
Previous owners
  • Park Plaza International
  • Olympus Hospitality Group
  • Park Hospitality
Websitewww.choicehotels.com/park-plaza
www.parkplaza.com

Park Plaza Hotels & Resorts, formerly Park Plaza International Hotels, Inns and Resorts and commonly known as just Park Plaza, is a hotel chain which runs several hotel groups as franchises. It was established in 1986 as a company and acquired by Olympus Real Estate in 1997. In year 2000, Carlson acquired the Park Plaza Hotels & Resorts as well as sister brand Park Inn. As of 2019, the brands were owned by Radisson Hotel Group (formerly Carlson Hotels).

History

[edit]
Park Plaza in Westminster

Foundation and early years

[edit]

Park Plaza International Hotels, Inns and Resorts was founded as a hotel management company and brand in 1986,[1] by Jonathan R. Read.[2] In 1994, Park Plaza International licensed the Park Plaza brand to "Park Plaza Hotels Limited" with rights to operate in Belgium, The Netherlands, Luxembourg, the United Kingdom and Israel.[3]

Park Plaza International was acquired by Olympus Hospitality Group, a division of Olympus Real Estate in October 1997.[4][5] According to The Wall Street Journal, a new parent company of the Park Plaza hotel group, Park Hotels International LLC, was formed as part of the deal.[4] Park Plaza International, at that time owned Park Plaza as well as Park Inn hotel chains.[4] In June 1998, Park Plaza International,- -the press release did not specify it was Park Plaza International Hotels, Inns and Resorts or another legal entity Park Plaza International, LLC. - backed by Olympus Real Estate, acquired a controlling stake in Australia-listed company Kemayan Hotels and Leisure (KHL).[1] KHL was renamed into Park Plaza Kemayan immediately - the name of the company also had changed many times over its history.[6][7]

In July 1999, Park Plaza Worldwide, LLC [sic], acquired 50% rights of the brand art'otel from Dirk Gadeke.[8] In mid-1999, it was reported that Park Plaza Worldwide formed another joint venture with J.E. Robert Companies (JER), with JER owned 80% stake of the JV.[8][9][10] In addition, JER had an option to acquire up to 35% of Park Plaza Worldwide.[8][9] In July 1999, Paris Park Plaza Worldwide also announced the opening of Park Plaza Orleans Palace. That hotel was acquired by the joint venture with JER, according to reports.[8][9][10]

Takeover by Carlson from 2000

[edit]

In 2000, Carlson Companies, via Carlson Hotels (known as Radisson Hotel Group since 2018), acquired the Park Plaza Hotels & Resorts and sister brand Park Inn, by forming a joint venture: Park Hospitality, with Olympus Hospitality Group. Carlson and Olympus also formed a private equity fund Radisson–Olympus Capital Partners, to acquire hotels and convert them to use Carlson Hotels' Regent or Radisson brands.[11] Also in 2000, Olympus Hospitality Group also acquired another hotel chain Chalet Susse, and converting them to Fairfield Inn by Marriott, operated by competitor of Carlson, Marriott International.[12] In the same year, Park Plaza Worldwide, chaired by Read, gave "Park Plaza Hotels Limited" (subsequently renamed "Park Plaza Hotels Europe" and then PPHE Hotel Group) exclusive territorial rights for Park Plaza brand in Europe and the Middle East region.[13] Park Plaza International LLC, [sic] also acquired another hotel brand Rockresorts in August 2000: however, it was sold in the next year.[14]

Carlson acquired the remaining stake of Park Plaza and Park Inn brands, from Olympus Hospitality Group in 2003.[3] The rights to use the brands in the Asia Pacific, was also bought back from Park Plaza Kemayan in the same year.[3] Carlson's hospitality business was renamed Radisson Hotel Group in 2017. A new logo of Park Plaza was announced in 2019.[15]

Park Inn by Radisson

[edit]
Park Inn by Radisson
Product typehotel chain
Owner
Produced by
CountryUnited States
Introduced1986 in Arizona
Related brandsPark Plaza Hotels & Resorts
MarketsEurope, Asia, Middle East
Previous owners
  • Park Plaza International
  • Olympus Hospitality Group
  • Park Hospitality
Websitewww.choicehotels.com
www.parkinn.com
"Park Inn" redirects here. For other uses, see Park Inn (disambiguation).

Park Inn by Radisson, formerly branded Park Inn and Park Inn International,[16] is a midscale hotel chain and a sister brand to Park Plaza owned by the Radisson Hotel Group.[17]

History

[edit]

The company was founded in 1986 in Arizona[17] and was subsequently acquired by Carlson Companies along with sister company Park Plaza in 2000.

The Rezidor Hotel Group acquired the franchise rights of Park Inn brand for Europe, the Middle East and Africa from 2002.[18] Since 2003, some of the Park Inn hotels were operated by franchisee Rezidor,[19] an associate company of Carlson Companies from 2006 to 2010, and a subsidiary of Carlson, via their wholly owned division Carlson Hotels, from 2010 to 2016.

Locations

[edit]

As of 2024, Park Inn by Radisson operates over 100 locations mainly in Europe with additional properties in Asia and the Middle East.[20] It had over 130 locations as of 2012.[17]

Among its most notable properties is the Park Inn by Radisson at Alexanderplatz, one of the tallest and most notable buildings in Berlin.

References

[edit]
  1. ^ a b "Park Plaza quietly expanding". Biz Journals. 19 April 1998. Retrieved 17 June 2019.
  2. ^ "TimefireVR Inc. key people: Jonathan R. Read, 60". The Wall Street Journal. New York City. c. 2019. Retrieved January 29, 2019.
  3. ^ a b c "Carlson Hotels completes acquisition of Park Inn and Park Plaza brands". Biz Journals. 16 September 2003. Retrieved 17 June 2019.
  4. ^ a b c Written at Dallas. "Olympus, Park Plaza Hotels Agree on New Parent Company". The Wall Street Journal. New York City. September 18, 1997. Retrieved January 29, 2019. Closely held Park Plaza, a Scottsdale, Ariz., hotel company, controls the Park Plaza and Park Inn brands
  5. ^ "Olympus eyes properties, firms for turnarounds". National Real Estate Investor (interview). Informa. June 1, 1999. Retrieved January 28, 2019.
  6. ^ "Park Plaza Kemayan Limited PPL — Profile and Status". www.delisted.com.au. Retrieved 16 June 2019.
  7. ^ "ABN Lookup". abr.business.gov.au. 1 November 2014. Retrieved 16 June 2019.
  8. ^ a b c d Boulard, Garry (September 20, 1999). "Park Plaza plans global growth". Hotel & Motel Management. 214 (16). Scottsdale, Arizona: 3, 34. Retrieved February 4, 2019.[dead link]
  9. ^ a b c "Park Plaza s'allie à J.E Robert Companies". L'Hôtellerie (in French) (2630). September 9, 1999. Retrieved February 4, 2019.
  10. ^ a b "Park Plaza gründet Joint-venture". FVW (in German). July 27, 1999. Retrieved February 4, 2019.
  11. ^ Rourke, Elisabeth; Salamie, David E.; Peippo, Kathleen; Rothburd, Carrie (2016) [previous versions of the article were published in vol.6, 22 and 87]. Pederson, Jay P. (ed.). Carlson Companies, Inc. Vol. 181. Farmington Hills, Michigan: St. James Press (Gale, Cengage Learning group). ISBN 978-1-55862-955-4. {{cite book}}: |journal= ignored (help)
  12. ^ "Olympus, Marriott To Rebrand 20 Chalet Susse Hotels". Hotel Business. 21 August 2000. Retrieved 17 June 2019.
  13. ^ "Park Plaza Merges Europe /Middle East Operations with Partner" (Press release). Scottsdale, Arizona: Park Plaza Worldwide. November 1, 2000. Archived from the original on October 21, 2002. Retrieved January 31, 2019.
  14. ^ "Rockresorts Appoints New President and Announces Relocation of Its Headquarters to Denver, Colorado". Hospitality Net. October 30, 2001. Retrieved January 29, 2019.
  15. ^ "Radisson Hotel Group and PPHE Hotel Group Unveil New Park Plaza Brand Identity following significant portfolio investments" (PDF) (Press release). PPHE Hotel Group; Radisson Hotel Group. 17 April 2019. Retrieved 18 April 2019.
  16. ^ "Park Inn rebrands as "Park Inn by Radisson"". Business Traveller. June 3, 2010. Retrieved January 29, 2019.
  17. ^ a b c "The Americas Business Development Brochure" (PDF). Park Inn by Radisson. 2013. Retrieved January 20, 2019 – via Radisson Blu website.
  18. ^ "Our Heritage". Rezidor Hotel Group. c. 2007. Archived from the original on October 28, 2007. Retrieved January 17, 2019.
  19. ^ "The Park Inn by Radisson Story". Park Inn by Radisson. Retrieved January 20, 2019.
  20. ^ radissonhotels.com - Hotels retrieved 13 April 2024
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Park_Plaza_Hotels_%26_Resorts&oldid=1227421117"