4/5 Chittaluru Sai T. 2 years ago on Google
Holiday
Inn is
an
British
brand
of hotels based
in Atlanta,
and
a
subsidiary
of InterContinental
Hotels
Group,
which
has
its
headquarters
in Denham,
Buckinghamshire.
Founded
as
a
U.S. motel chain,
it
has
grown
to
be
one
of
the
world's
largest
hotel
chains,
with
1,173
active
hotels
and
over
214,000
rentable
rooms
as
of
September 30,
2018.
Although
still
a
healthy
company,
changing
business
conditions
and
demographics
saw
Holiday
Inn
lose
its
market
dominance
in
the
1980s.
Holiday
Inns,
Inc.
was
renamed
"Holiday
Corporation"
in
1985
to
reflect
the
growth
of
the
company's
brands,
including Harrah's
Entertainment, Embassy
Suites
Hotels, Crowne
Plaza, Homewood
Suites,
and Hampton
Inn.
In
1988,
Holiday
Corporation
was
purchased
by
UK-based Bass PLC (then
owners
of
the Bass beer
brand),
followed
by
the
remaining
domestic
Holiday
Inn
hotels
in
1990,
when
founder
Wilson
sold
his
interest,
after
which
the
hotel
group
was
known
as Holiday
Inn
Worldwide.
The
remainder
of
Holiday
Corporation
(including
the Embassy
Suites
Hotels, Homewood
Suites,
and Hampton
Inn brands)
was
spun
off
to
shareholders
as Promus
Companies
Incorporated.
In
1990,
Bass
launched
Holiday
Inn
Express,
a
complementary
brand
in
the
limited
service
segment.