Park Plaza Hotels & Resorts

Foundation and early years Park Plaza International was founded as a hotel management company and brand in 1986 by Jonathan R. Read. 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. 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. At the time, Park Plaza International owned both the Park Plaza and Park Inn hotel chains. In July 1999, Park Plaza Worldwide, LLC, acquired 50% rights of the brand art'otel from Dirk Gadeke. In addition, JER had an option to acquire up to 35% of Park Plaza Worldwide. 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. 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. Park Plaza International LLC, also acquired another hotel brand Rockresorts in August 2000: however, it was sold in the next year. Carlson acquired the remaining stake of Park Plaza and Park Inn brands from Olympus Hospitality Group in 2003. The rights to use the brands in the Asia Pacific was also bought back from Park Plaza Kemayan in the same year. In 2022, Choice Hotels International purchased Radisson Hotels Americas for $675 million, acquiring the Park Plaza and Park Inn franchise agreements in the United States, Canada, Latin America and the Caribbean. == Park Inn by Radisson==

Park Inn by Radisson, formerly branded Park Inn and Park Inn International, is a midscale hotel chain and a sister brand to Park Plaza. It is owned by Radisson Hotel Group in the EMEA and Asia Pacific regions and by Choice Hotels in the Americas. and was subsequently acquired by Carlson Companies along with sister company Park Plaza in 2003. 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. There were also 40 locations in the Americas as of the end of 2024, franchised by Choice Hotels. Among its most notable properties is the Park Inn by Radisson at Alexanderplatz, one of the tallest and most notable buildings in Berlin. ==References==