Ad
related to: hospitality franchise systems cendant hfsbrightway.com has been visited by 10K+ users in the past month
Want to start a business? Franchise with Brightway through a recession-resistant model. Get started today and become a part of a multi-billion dollar industry and growing company
- Open your own...
Our proven model offers a low-cost,
turnkey solution to...
- Proven System for Success
We provide you with all the
business support you need to...
- Fastest-Growing Franchise
Only insurance franchisor on
Entepreneur List for 2024
- Losing More Customers?
Start an insurance agency with a
franchise who helps you build...
- Top Franchise to Buy
Start a legacy today by opening a
Brightway agency in your community
- Your Options
We offer two franchise models.
Franchise fees range from $30k-$50k
- Open your own...
Search results
Hospitality Franchise Systems Inc. (HFS) was created as an affiliate of the Blackstone Group, a private equity firm, as a vehicle to acquire hotel franchises. It was led by Henry Silverman, a Blackstone partner and former CEO of Days Inn.
- History of Cendant Corporation
- Chronology
- Additional Details
Cendant Corporation was formed in December 1997 when Hospitality Franchise Systems, Inc. (HFS)--led by Henry Silverman--merged with CUC International Inc. Shortly after the $14 billion deal was completed, the company became involved in an accounting scandal, which led to a $2.83 billion settlement of a class action shareholder lawsuit in 1999. Sinc...
Key Dates:1973:Walter A. Forbes creates Comp-U-Card, an electronic shopping company.1979:Forbes quits his day job to focus is efforts on Comp-U-Card; the company launches Comp-U-Store Online.1982:The company's name changes to Comp-U-Card International.Public CompanyIncorporated:1997Employees:57,000Sales:$3.93 billion (2000)Jan 22, 2019 · In 1998, HFS became the world's leading franchisor and merged with the American service giant, CUC International, to create a new company called Cendant.
Dec 18, 2019 · In 1990, the predecessor of Wyndham Hotels & Resorts, Hospitality Franchise Systems (HFS), was founded by Henry Silverman. Initially a hotel franchiser, HFS expanded to include the addition of...
The company's origins can be traced to the founding of Hospitality Franchise Systems (HFS) in 1990, created as a vehicle to acquire hotel franchises. By 1995, it had acquired the Days Inn, Howard Johnson, Ramada, and Super 8 brands. HFS then expanded into other businesses, and, in 1997, merged with CUC International to form Cendant Corporation.
Wyndham Hotel Group, created in 2006 from the hotel division of the conglomerate Cendant and its predecessor Hospitality Franchise Systems, is now the 4th largest hotel group worldwide with close to 700,000 rooms.
People also ask
Does Cendant have a hotel franchise?
Who was the last CEO of Hospitality Franchise Systems?
Where is Hospitality Franchise Systems based?
Is HFS a good hotel franchise?
1995: Hospitality Franchise Systems changes its name to HFS Inc. 1996: Howard Johnson adopts the Howard Johnson International Inc. moniker. 1997: HFS merges with CUC International to form Cendant Corp.
Ad
related to: hospitality franchise systems cendant hfsbrightway.com has been visited by 10K+ users in the past month
Want to start a business? Franchise with Brightway through a recession-resistant model. Get started today and become a part of a multi-billion dollar industry and growing company
