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Park Plaza Hotels & Resorts

From Wikipedia, the free encyclopedia
Brand of hotel chain
For the franchisee of Park Plaza hotels in EMEA region, formerly known as "Park Plaza Hotels Limited", seePPHE Hotel Group.
"Park Hotels International" redirects here. For other unrelated Park Hotel(s), seePark 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, formerlyPark Plaza International Hotels, Inns and Resorts and commonly known as justPark 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.[1][2] In year 2000,Carlson acquired Park Plaza Hotels & Resorts as well as sister brandPark Inn.[3] Today, the brands are owned byRadisson Hotel Group (formerly Carlson Hotels) in the EMEA and Asia Pacific regions, and byChoice Hotels International in the Americas.[4][5]

History

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Park Plaza inWestminster

Foundation and early years

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Park Plaza International was founded as a hotel management company and brand in 1986[6] by Jonathan R. Read.[1][7] 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.[8]

Park Plaza International was acquired by Olympus Hospitality Group, a division of Olympus Real Estate, in October 1997.[2][9] According toThe Wall Street Journal, a new parent company of the Park Plaza hotel group, Park Hotels International LLC, was formed as part of the deal.[2] At the time, Park Plaza International owned both the Park Plaza and Park Innhotel chains.[2]

In June 1998, Park Plaza International, backed by Olympus Real Estate, acquired a controlling stake in Australia-listed company Kemayan Hotels and Leisure (KHL).[6] KHL was renamed Park Plaza Kemayan.[10][11]

In July 1999, Park Plaza Worldwide, LLC [sic], acquired 50% rights of the brand art'otel from Dirk Gadeke.[12] 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.[12][13][14] In addition, JER had an option to acquire up to 35% of Park Plaza Worldwide.[12][13] 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.[12][13][14]

Takeover by Carlson from 2000

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Olympus Hospitality Group andCarlson Hotels Worldwide partnered in 2000 to form “Park Hospitality” to grow the Park Inn, Park Plaza,Radisson Hotels & Resorts, andRegent International Hotels brands.[15] Two years later,Rezidor SAS Hospitality made a master franchise agreement with Carlson which included rights to the Park Inn brand in Europe, Middle East, and Africa.[3]

In the same year, Park Plaza Worldwide, chaired by Read, gave "Park Plaza Hotels Limited" (subsequently renamed "Park Plaza Hotels Europe" and thenPPHE Hotel Group) exclusive territorial rights for the Park Plaza brand in the EMEA region.[16] Park Plaza International LLC, [sic] also acquired another hotel brandRockresorts in August 2000: however, it was sold in the next year.[17]

Carlson acquired the remaining stake of Park Plaza and Park Inn brands from Olympus Hospitality Group in 2003.[8][18] The rights to use the brands in the Asia Pacific was also bought back from Park Plaza Kemayan in the same year.[8] Carlson's hospitality business was renamedRadisson Hotel Group in 2017. A new logo of Park Plaza was announced in 2019.[19]

In 2022, Choice Hotels International purchasedRadisson Hotels Americas for $675 million, acquiring the Park Plaza and Park Inn franchise agreements in the United States, Canada, Latin America and the Caribbean.[20]

Park Inn by Radisson

[edit]
"Park Inn" redirects here. For other uses, seePark Inn (disambiguation).
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/park-inn
www.parkinn.com

Park Inn by Radisson, formerly brandedPark Inn andPark Inn International,[21] is a midscalehotel chain and a sister brand to Park Plaza. It is owned byRadisson Hotel Group in the EMEA and Asia Pacific regions and byChoice Hotels in the Americas.[4][5]

History

[edit]

The company was founded in 1986 inArizona[22] and was subsequently acquired byCarlson Companies along with sister company Park Plaza in 2003.[8]

In 2002,Rezidor Hotel Group acquired exclusive franchising rights to Carlson Company brands, including Park Inn, inEurope, the Middle East and Africa.[3][23] Rezidor focused on expanding the Park Inn brand in the Middle East. In 2010, Carlson became the majority shareholder in Rezidor, and the two combined global operations as the Carlson Rezidor Hotel Group.[3]

Locations

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As of 2025, Radisson Hotel Group franchises over 130 Park Inn locations, including 76 in the EMEA region and 56 in Asia Pacific.[24] There were also 40 locations in the Americas as of the end of 2024, franchised by Choice Hotels.[25]

Among its most notable properties is thePark Inn by Radisson at Alexanderplatz, one of the tallest and most notable buildings inBerlin.

References

[edit]
  1. ^ab"ECOtality, Inc Prospectus".www.sec.gov. RetrievedOctober 8, 2025.
  2. ^abcd Written at Dallas."Olympus, Park Plaza Hotels Agree on New Parent Company".The Wall Street Journal. New York City. September 18, 1997. RetrievedJanuary 29, 2019.Closely held Park Plaza, a Scottsdale, Ariz., hotel company, controls the Park Plaza and Park Inn brands
  3. ^abcdCohen, M. L. (2011). Pederson, Jay P. (ed.).International Directory of Company Histories. Vol. 118. Farmington Hills, Michigan: St. James Press (Gale,Cengage Learning group). p. 380.ISBN 978-1-4144-4729-2.
  4. ^abChoice Hotels."About Choice Hotels".Choice Hotels International - Media Center. RetrievedOctober 8, 2025.
  5. ^abChoice Hotels."Park Inn by Radisson".Choice Hotels International - Media Center. RetrievedOctober 8, 2025.
  6. ^ab"Park Plaza quietly expanding". Biz Journals. 19 April 1998. Retrieved17 June 2019.
  7. ^"TimefireVR Inc. key people: Jonathan R. Read, 60".The Wall Street Journal. New York City. c. 2019. RetrievedJanuary 29, 2019.
  8. ^abcd"Carlson Hotels completes acquisition of Park Inn and Park Plaza brands". Biz Journals. 16 September 2003. Retrieved17 June 2019.
  9. ^"Olympus eyes properties, firms for turnarounds".National Real Estate Investor (interview). Informa. June 1, 1999. RetrievedJanuary 28, 2019.
  10. ^"Park Plaza Kemayan Limited PPL — Profile and Status".www.delisted.com.au. Retrieved16 June 2019.
  11. ^"ABN Lookup".abr.business.gov.au. 1 November 2014. Retrieved16 June 2019.
  12. ^abcdBoulard, Garry (September 20, 1999)."Park Plaza plans global growth".Hotel & Motel Management.214 (16). Scottsdale, Arizona: 3, 34. RetrievedFebruary 4, 2019.[dead link]
  13. ^abc"Park Plaza s'allie à J.E Robert Companies".L'Hôtellerie (in French) (2630). September 9, 1999. RetrievedFebruary 4, 2019.
  14. ^ab"Park Plaza gründet Joint-venture".FVW (in German). July 27, 1999. RetrievedFebruary 4, 2019.
  15. ^Radisson Hotel Group (June 5, 2000)."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".hospitalitynet.org. RetrievedJune 30, 2025.
  16. ^"Park Plaza Merges Europe /Middle East Operations with Partner" (Press release). Scottsdale, Arizona: Park Plaza Worldwide. November 1, 2000. Archived fromthe original on October 21, 2002. RetrievedJanuary 31, 2019.
  17. ^"Rockresorts Appoints New President and Announces Relocation of Its Headquarters to Denver, Colorado".Hospitality Net. October 30, 2001. RetrievedJanuary 29, 2019.
  18. ^Radisson Hotel Group (September 17, 2003)."Carlson Hotels Worldwide Acquires Full Ownership of Park Plaza and Park Inn Brands".hospitalitynet.org. RetrievedJune 30, 2025.
  19. ^"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. Retrieved18 April 2019.
  20. ^"Choice Hotels International to Acquire Radisson Hotel Group Americas".Choice Hotels International - Media Center. Retrieved2022-06-13.
  21. ^"Park Inn rebrands as 'Park Inn by Radisson'".Business Traveller. June 3, 2010. RetrievedJanuary 29, 2019.
  22. ^"The Americas Business Development Brochure"(PDF). Park Inn by Radisson. 2013. RetrievedJanuary 20, 2019 – via Radisson Blu website.
  23. ^"Our Heritage". Rezidor Hotel Group. c. 2007. Archived fromthe original on October 28, 2007. RetrievedJanuary 17, 2019.
  24. ^Radisson Hotel Group."Park Inn Fact Sheet - EMEA"(PDF).Radisson Media Download Center. RetrievedOctober 7, 2025.
  25. ^"10-k for 2024".www.sec.gov. RetrievedJune 30, 2025.

External links

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