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Park Plaza Hotels & Resorts

From Wikipedia, the free encyclopedia

Park Plaza Hotels & Resorts
Park Plaza Hotels Logo.svg
Park Plaza Hotels & Resorts logo
Park Plaza (6266283206).jpg
Product typehotel chain
OwnerRadisson Hotel Group
Produced by
Radisson Hotel Group
PPHE Hotel Group(franchisee)
CountryUnited States
Introduced1986
Related brands
MarketsWorldwide
Previous owners
  • Park Plaza International
  • Olympus Hospitality Group
  • Park Hospitality
Websitewww.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 by 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). Carlson had franchised the brand Park Inn, for Europe, the Middle East and Africa (EMEA) markets, to Rezidor Hotel Group in 2002, which Rezidor became an associate company of Carlson Hotels in 2005. PPHE Hotel Group was also licensed to use Park Plaza brand, for Europe and the Middle East markets, since 2000. Some of the Park Plaza and Park Inn hotels in the United States, also operated by franchisees in the past.

History

former logo of Park Plaza International
former logo of Park Plaza International

Park Plaza International Hotels, Inns and Resorts was a hotel management company and brand, founded in 1986,[2][3] by Jonathan R. Read.[4]

Since 1994, Park Plaza International also licensed the Park Plaza brand to PPHE Hotel Group (formerly "Park Plaza Hotels Europe" and "Park Plaza Hotels Limited") for Belgium, The Netherlands, Luxembourg, the United Kingdom and Israel,[1][better source needed] and then the Europe, the Middle East and Africa (EMEA) markets since 2000.[1][5][6][7]

Park Plaza International was acquired by Olympus Hospitality Group,[8][9] a division of Olympus Real Estate in October 1997.[10] 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.[8] Park Plaza group, had another holding company Park Holdings LLC at that time.[9] Park Plaza International, at that time owned Park Plaza as well as Park Inn hotel chains.[8]

In June 1998, Park Plaza International,[nb 1] 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.[2] KHL was renamed into Park Plaza Kemayan immediately.[nb 2] At that time, Park Plaza Kemayan operated 24 Park Plaza hotels in five countries, with offices in Malaysia, Indonesia, Australia, The Philippines, Hong Kong and South Korea.[2]

In January 1999, 6 new hotels in Wisconsin and Minnesota were announced as franchises, namely: Park Inn & Suites in Shakopee, Minnesota, Park Inn Virginia, Minnesota, Park Inn Wausau, Park Plaza Oshkosh, Park Plaza Paper Valley Hotel & Convention Center and Park Plaza Neenah. They were operated by 2 separate companies: Heyde Hospitality and Montclair Hotel Investors respectively.[13]

In July 1999, Park Plaza Worldwide, LLC [sic], acquired 50% rights of the brand art'otel from Dirk Gadeke.[14][15] As of 2019, art'otel was owned by aforementioned PPHE Hotel Group instead. PPHE Hotel Group acquired art'otel brand in 2007, without disclosing the name of the seller.[16]

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.[15][17][18] In addition, JER had an option to acquire up to 35% of Park Plaza Worldwide.[15][17]

In July 1999, Paris Park Plaza Worldwide also announced the opening of Park Plaza Orleans Palace.[19] That hotel was acquired by the joint venture with JER, according to reports.[15][17][18]

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,[20]:93 by forming a joint venture: Park Hospitality, with Olympus Hospitality Group.[21] 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.[21] 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.[22]

In 2000, the aforementioned Park Plaza Worldwide, chaired by Read, given PPHE Hotel Group a exclusive territorial rights for Park Plaza brand in Europe and the Middle East region.[5] According to the press release, Park Plaza Worldwide retained the role as franchiser, which owned the Park Plaza brand in Europe, The Middle East, Africa, Mexico, South America, Central America, Japan, India, Pakistan and certain parts of Asia, at that time.[5]

Park Plaza International LLC, [sic] also acquired another hotel brand Rockresorts in August 2000.[23] However, it was sold in the next year.[24]

Carlson acquired the remaining stake of Park Plaza and Park Inn brands, from Olympus Hospitality Group in 2003.[7] The rights to use the brands in the Asia Pacific, was also bought back from Park Plaza Kemayan in the same year.[7][25]

Sister brands

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

Park Inn by Radisson

Park Inn by Radisson
Park Inn by Radisson logo.png
Berlin - Park Inn Hotel1.jpg
Product typehotel chain
OwnerRadisson Hotel Group
Produced by
Radisson Hotel Group
Rezidor Hotel Group(franchisee)
CountryUnited States
Introduced1986 in Arizona
Related brands
  • Park Plaza
  • Radisson
  • Country Inn & Suites
  • prizeotel
MarketsWorldwide
Previous owners
  • Park Plaza International
  • Olympus Hospitality Group
  • Park Hospitality
Websitewww.parkinn.com
former logo of Park Inn International
former logo of Park Inn International

Park Inn by Radisson, formerly Park Inn[26] and Park Inn International, is a midscale group of hotels that had over 130 locations worldwide, as of December 31, 2012.[27] Notable locations include the tallest building in BerlinPark Inn by Radisson Berlin Alexanderplatz.

According to the company itself, it was founded in 1986 in Arizona.[27]

Since 2003, some of the Park Inn hotels were operated by franchisee Rezidor Hotel Group,[28] 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.[29] Rezidor Hotel Group followed the parent company Radisson Hotel Group (former Carlson Hotels) to become part of HNA Group in 2016. HNA Group sold Radisson Hotel Group in 2018.

Footnotes

  1. ^ The press release did not specify it was Park Plaza International Hotels, Inns and Resorts or another legal entity Park Plaza International, LLC.
  2. ^ The name of the company had changed many times over its company history,[11][12] full list of former names omitted .

References

  1. ^ a b c "Factsheet" (PDF). PPHE Hotel Group. Retrieved January 29, 2019.
  2. ^ a b c "Olympus Real Estate's Park Plaza International Completes Acquisition of Major Stake in Kemayan Hotels Leisure of Australia" (Press release). Dallas, Texas; Scottsdale, Arizona; Sydney, NSW: Olympus Real Estate Corporation; Park Plaza International Hotels, Inns and Resorts. Hospitality Internet Media. June 10, 1998. Retrieved January 29, 2019.
  3. ^ "Our History". PPHE Hotel Group. c. 2018. Retrieved January 28, 2019.
  4. ^ "TimefireVR Inc. key people: Jonathan R. Read, 60". The Wall Street Journal. New York City. c. 2019. Retrieved January 29, 2019.
  5. ^ a b c "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.
  6. ^ "Company Information". PPHE Hotel Group. Retrieved January 28, 2019.
  7. ^ a b c "Carlson Hotels Acquires Full Ownership of the Park Inn and Park Plaza Brands from Olympus Hospitality Group" (Press release). Minneapolis: Carlson Hotels Worldwide. Hospitality Internet Media. September 17, 2003. Retrieved January 20, 2019.
  8. ^ 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
  9. ^ a b "Olympus eyes properties, firms for turnarounds". National Real Estate Investor (interview). Informa. June 1, 1999. Retrieved January 28, 2019.
  10. ^ "Park Plaza International Hotels Retools for Growth" (Press release). Scottsdale, Arizona; Dallas, Texas: Park Plaza International Hotels, Inns and Resorts. Hospitality Internet Media. October 2, 1998. Retrieved January 29, 2019.
  11. ^ http://www.delisted.com.au/company/park-plaza-kemayan-limited
  12. ^ https://abr.business.gov.au/AbnHistory/View/41006430075
  13. ^ "Park Plaza Adds Six New Franchises" (Press release). Scottsdale, Arizona: Park Plaza International. January 4, 1999. Archived from the original on December 14, 2000. Retrieved January 31, 2019.
  14. ^ "Park Plaza Worldwide Announces New "art'otels" in European Expansion" (Press release). Scottsdale, Arizona: Park Plaza Worldwide; Park Plaza International. July 8, 1999. Archived from the original on December 14, 2000. Retrieved January 31, 2019.
  15. ^ a b c d Boulard, Garry (September 20, 1999). "Park Plaza plans global growth". Hotel & Motel Management. Scottsdale, Arizona. 214 (16): 3, 34. Retrieved February 4, 2019.
  16. ^ "2007 Annual Report" (PDF). PPHE Hotel Group. 2008. Retrieved 1 February 2019.
  17. ^ a b c "Park Plaza s'allie à J.E Robert Companies". L'HÔTELLERIE (in French) (2630). September 9, 1999. Retrieved February 4, 2019.
  18. ^ a b "Park Plaza gründet Joint-venture". FVW (in German). July 27, 1999. Retrieved February 4, 2019.
  19. ^ "Park Plaza Worldwide Acquires New Hotel In Paris" (Press release). Scottsdale, Arizona: Park Plaza Worldwide; Park Plaza International. July 15, 1999. Archived from the original on December 9, 2000. Retrieved January 31, 2019.
  20. ^ 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. International Directory of Company Histories. 181. Farmington Hills, Michigan: St. James Press (Gale, Cengage Learning group). ISBN 978-1-55862-955-4.
  21. ^ a b "Olympus Hospitality Group and Carlson Hotels Worldwide Align to Grow Brands; Radisson, Regent, Park Plaza and Park Inn Brands Targeted for New Acquisitions and Franchises" (Press release). Scottsdale, Arizona: Olympus Hospitality Group; Carlson Hotels Worldwide. Hospitality Net. June 6, 2000. Retrieved January 28, 2019.
  22. ^ "Olympus Hospitality Group and Marriott International to Convert 20 Chalet Suisse Hotels to Marriott's Fairfield Inn Brand" (Press release). Dallas, Texas; Washington, D.C.: Marriott International. August 17, 2000. Retrieved January 29, 2019.
  23. ^ "Park Plaza International Acquires Rockresort Brand" (Press release). Scottsdale, Arizona: Park Plaza International. ICD Publications. August 16, 2000. Retrieved January 28, 2019.
  24. ^ "Rockresorts Appoints New President and Announces Relocation of Its Headquarters to Denver, Colorado". Hospitality Net. October 30, 2001. Retrieved January 29, 2019.
  25. ^ "Carlson Hotels Worldwide Acquires Sydney-based Park Plaza Kemayan Ltd's Franchise Rights for the Park Plaza and Park Inn Hotel Brands in the Asia Pacific Region" (Press release). Sydney, NSW: Carlson Hotels Worldwide. Hospitality Internet Media. June 27, 2003. Retrieved January 29, 2019.
  26. ^ "Park Inn rebrands as "Park Inn by Radisson"". Business Traveller. June 3, 2010. Retrieved January 29, 2019.
  27. ^ a b "The Americas Business Development Brochure" (PDF). Park Inn by Radisson. 2013. Retrieved January 20, 2019 – via Radisson Blu website.
  28. ^ "The Park Inn by Radisson Story". Park Inn by Radisson. Retrieved January 20, 2019.
  29. ^ "Our Heritage". Rezidor Hotel Group. c. 2007. Archived from the original on October 28, 2007. Retrieved January 17, 2019.

External links

This page was last edited on 25 February 2019, at 13:42
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