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Hilton
Hilton was founded in 1919 when Conrad Hilton purchased his first hotel, the Mobley Hotel in Cisco, Texas, and the company later became notable in 1943 as the first hotel chain to be listed on the New York Stock Exchange. Hilton's Caribbean Hilton in San Juan, Puerto Rico, opened in 1949, is widely credited as the first hotel built specifically as part of an international hotel chain expansion, marking Hilton's pioneering role in the globalization of American hospitality brands after World War II. The company was acquired in 2007 by private equity firm Blackstone in what was then the largest leveraged buyout in history, before Blackstone took Hilton public again in 2013 in one of the largest hotel industry initial public offerings ever conducted. Hilton's combination of its pioneering international expansion with the Caribbean Hilton and its record-setting private equity buyout and subsequent IPO has made it one of the most financially significant hotel companies in the history of the industry.
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InterContinental Hotels Group (IHG)
InterContinental Hotels Group traces its corporate lineage back to Bass Brewery, a British brewing company that entered the hotel business in the 1980s before eventually rebranding entirely around its hospitality operations and taking the IHG name in 2003. The company's flagship InterContinental brand traces to 1946, when Pan American World Airways founded the chain specifically to provide hotel accommodations for its airline passengers traveling to destinations lacking adequate existing lodging options. IHG operates one of the largest hotel franchise networks in the world by total room count, and its Holiday Inn brand, acquired as part of the company's portfolio, became one of the most recognized budget-to-midscale hotel brands in American road trip and highway travel culture throughout the mid-to-late 20th century. IHG's combination of its unusual origins as a British brewing company and its ownership of both the InterContinental luxury brand and the culturally significant Holiday Inn has made it one of the most structurally distinctive major hotel companies in the industry.
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