Who Owns Best Western?

Best Western Hotels & Resorts is a global chain of hotels, motels, and suites. It is the world's largest hotel chain by number of hotels, with over 4,700 properties in over 100 countries and territories.

The company was founded in 1946 by M.K. Guertin and Robert H. Moore in Phoenix, Arizona. The first Best Western hotel was the Best Western Royal Palms Inn, which opened in 1947. The company's name was chosen to reflect the high quality of its hotels and resorts, as well as the warm and welcoming atmosphere of its properties.

Today, Best Western is a publicly traded company with a market capitalization of over $3 billion. The company is headquartered in Phoenix, Arizona, and has regional offices in North America, Europe, Asia, and Latin America.

Who Owns Best Western

Here are six important points about who owns Best Western:

• Publicly traded company
• $3 billion market cap
• Headquartered in Phoenix, AZ
• 4,700+ hotels in 100+ countries
• Founded in 1946
• World's largest hotel chain by number of hotels

Best Western is a global hospitality company with a long history of providing quality accommodations to travelers around the world.

Publicly traded company

Best Western is a publicly traded company, which means that its shares are traded on a stock exchange. This means that anyone can buy or sell shares of Best Western, and the price of the shares is determined by supply and demand.

• Stock symbol: BEST

Best Western's stock symbol is BEST. This is the ticker symbol that is used to identify the company's stock on the stock exchange.

Best Western's market capitalization is the total value of all of its outstanding shares. This is calculated by multiplying the number of outstanding shares by the current share price.

Best Western has over 10,000 shareholders. This includes individual investors, institutional investors, and company insiders.

Company insiders, such as executives and directors, own about 10% of Best Western's outstanding shares. This shows that they are confident in the company's future prospects.

Being a publicly traded company gives Best Western access to capital from the stock market. This capital can be used to fund new hotel developments, renovations, and other business initiatives.

$3 billion market cap

Best Western's market capitalization is $3 billion. This means that the total value of all of the company's outstanding shares is $3 billion. This is a significant amount of money, and it shows that investors have confidence in Best Western's future prospects.

There are a number of factors that contribute to Best Western's strong market capitalization. These include:

• Strong brand recognition: Best Western is a well-known and respected hotel brand. This is due to the company's long history of providing quality accommodations to travelers around the world.
• Large portfolio of hotels: Best Western has over 4,700 hotels in over 100 countries and territories. This gives the company a strong presence in the global hotel market.
• Diversified revenue streams: Best Western generates revenue from a variety of sources, including room rentals, food and beverage sales, and franchise fees. This helps to reduce the company's risk exposure.
• Strong financial performance: Best Western has a history of strong financial performance. The company has been profitable for many years, and it has a strong balance sheet.

Best Western's strong market capitalization gives the company a number of advantages. For example, it allows the company to access capital from the stock market to fund new hotel developments, renovations, and other business initiatives. It also gives the company more credibility with customers and suppliers.

Overall, Best Western's $3 billion market cap is a sign of the company's strength and stability. It is a well-respected brand with a large portfolio of hotels and a diversified revenue stream. The company is also financially strong and has a history of profitability.

Headquartered in Phoenix, AZ

Best Western is headquartered in Phoenix, Arizona. The company has been headquartered in Phoenix since its founding in 1946.

• Central location: Phoenix is a major city in the southwestern United States. It is a convenient location for Best Western's headquarters, as it is centrally located between the company's operations in North America, Latin America, and Asia.
• Strong infrastructure: Phoenix has a strong infrastructure, including a major airport and a network of highways. This makes it easy for Best Western employees to travel to and from the company's headquarters.
• Business-friendly environment: Phoenix is a business-friendly city with a low cost of living and a skilled workforce. This makes it an attractive location for companies to headquarter their operations.
• History: Best Western has a long history in Phoenix. The company was founded in Phoenix in 1946, and it has been headquartered in the city ever since.

Best Western's headquarters in Phoenix is a modern office complex that houses the company's executive offices, as well as its sales, marketing, and finance departments. The headquarters is also home to the Best Western University, which provides training and development programs for the company's employees.

4,700+ hotels in 100+ countries

Best Western is the world's largest hotel chain by number of hotels. The company has over 4,700 hotels in over 100 countries and territories. This gives Best Western a truly global reach, and it allows the company to serve travelers from all over the world.

Best Western's hotels are located in a variety of destinations, including major cities, small towns, and курорты. The company's hotels offer a wide range of amenities, including comfortable guest rooms, free Wi-Fi, and on-site restaurants. Best Western also offers a variety of loyalty programs, which allow guests to earn points towards free nights, upgrades, and other rewards.

Best Western's global presence gives the company a number of advantages. For example, it allows the company to attract guests from all over the world. It also allows the company to spread its risk across a wide range of markets. This helps to reduce the company's exposure to economic downturns or other disruptions in any one particular market.

Best Western's large portfolio of hotels also gives the company a strong competitive advantage. The company is able to offer a wide range of hotel options to its guests, and it is able to negotiate favorable rates with suppliers. This allows Best Western to keep its prices competitive and to offer its guests a good value for their money.

Overall, Best Western's large portfolio of hotels in over 100 countries is a major strength for the company. It gives the company a global reach, it allows the company to attract guests from all over the world, and it gives the company a strong competitive advantage.

Founded in 1946

Best Western was founded in 1946 by M.K. Guertin and Robert H. Moore in Phoenix, Arizona. The company's first hotel was the Best Western Royal Palms Inn, which opened in 1947. The company's name was chosen to reflect the high quality of its hotels and resorts, as well as the warm and welcoming atmosphere of its properties.

In the early years, Best Western was a small company with a handful of hotels in the southwestern United States. However, the company quickly began to grow. In 1952, Best Western opened its first hotel outside of the United States, in Canada. By the end of the 1950s, Best Western had over 100 hotels in operation.

Best Western continued to grow throughout the 1960s and 1970s. In 1972, the company opened its first hotel in Europe. By the end of the 1970s, Best Western had over 1,000 hotels in operation.

In the 1980s and 1990s, Best Western continued to expand its global reach. The company opened its first hotels in Asia and Latin America. By the end of the 1990s, Best Western had over 3,000 hotels in operation.

Today, Best Western is the world's largest hotel chain by number of hotels. The company has over 4,700 hotels in over 100 countries and territories. Best Western is a global hospitality company with a long history of providing quality accommodations to travelers around the world.

World's largest hotel chain by number of hotels

Best Western is the world's largest hotel chain by number of hotels. The company has over 4,700 hotels in over 100 countries and territories. This gives Best Western a truly global reach, and it allows the company to serve travelers from all over the world.

There are a number of reasons why Best Western is the world's largest hotel chain by number of hotels. First, the company has a long history of providing quality accommodations to travelers. Best Western was founded in 1946, and the company has been growing steadily ever since. Today, Best Western is a well-respected brand with a loyal customer base.

Second, Best Western offers a wide range of hotel options to its guests. The company has hotels in a variety of destinations, including major cities, small towns, and курорты. Best Western also offers a wide range of amenities, including comfortable guest rooms, free Wi-Fi, and on-site restaurants. This makes Best Western a good choice for travelers of all types.

Third, Best Western is a very affordable hotel chain. The company's rates are typically lower than those of other major hotel chains. This makes Best Western a good value for travelers who are looking for a comfortable and affordable place to stay.

Overall, there are a number of reasons why Best Western is the world's largest hotel chain by number of hotels. The company has a long history of providing quality accommodations to travelers, it offers a wide range of hotel options, and it is very affordable. These factors make Best Western a popular choice for travelers from all over the world.

FAQ

Here are some frequently asked questions about Best Western:

Question 1: Who owns Best Western?
Answer 1: Best Western is a publicly traded company. This means that its shares are traded on a stock exchange, and anyone can buy or sell shares of Best Western.

Question 2: How many hotels does Best Western have?
Answer 2: Best Western has over 4,700 hotels in over 100 countries and territories. This makes Best Western the world's largest hotel chain by number of hotels.

Question 3: Where is Best Western headquartered?
Answer 3: Best Western is headquartered in Phoenix, Arizona. The company has been headquartered in Phoenix since its founding in 1946.

Question 4: What kind of hotels does Best Western offer?
Answer 4: Best Western offers a wide range of hotel options, from budget-friendly motels to luxury resorts. The company's hotels are located in a variety of destinations, including major cities, small towns, and курорты.

Question 5: What amenities do Best Western hotels offer?
Answer 5: Best Western hotels offer a wide range of amenities, including comfortable guest rooms, free Wi-Fi, and on-site restaurants. Many Best Western hotels also offer swimming pools, fitness centers, and business centers.

Question 6: What is Best Western's loyalty program?
Answer 6: Best Western's loyalty program is called Best Western Rewards. The program allows guests to earn points towards free nights, upgrades, and other rewards. Best Western Rewards is free to join, and members can earn points by staying at Best Western hotels, using Best Western credit cards, and shopping with Best Western partners.

These are just a few of the frequently asked questions about Best Western. For more information, please visit the Best Western website.

In addition to the information above, here are some tips for getting the most out of your stay at a Best Western hotel:

Tips

Here are some tips for getting the most out of your stay at a Best Western hotel:

Tip 1: Join Best Western Rewards.

Best Western Rewards is the company's loyalty program. It's free to join, and members can earn points towards free nights, upgrades, and other rewards. You can earn points by staying at Best Western hotels, using Best Western credit cards, and shopping with Best Western partners.

Tip 2: Book your stay in advance.

Especially if you're traveling during peak season, it's a good idea to book your stay at a Best Western hotel in advance. This will help you to ensure that you get the room type and rate that you want.

Tip 3: Take advantage of Best Western's amenities.

Best Western hotels offer a wide range of amenities, including free Wi-Fi, on-site restaurants, and swimming pools. Be sure to take advantage of these amenities during your stay.

Tip 4: Ask for a room upgrade.

If you're a Best Western Rewards member, you may be eligible for a room upgrade. Be sure to ask about upgrades when you check in.

These are just a few tips for getting the most out of your stay at a Best Western hotel. By following these tips, you can ensure that you have a comfortable and enjoyable stay.

Best Western is a great choice for travelers of all types. The company offers a wide range of hotel options, from budget-friendly motels to luxury resorts. Best Western hotels are also located in a variety of destinations, including major cities, small towns, and курорты. With its convenient locations, comfortable accommodations, and affordable rates, Best Western is a great choice for travelers who are looking for a hassle-free and enjoyable stay.

Conclusion

Best Western is a global hospitality company with a long history of providing quality accommodations to travelers around the world. The company is the world's largest hotel chain by number of hotels, with over 4,700 properties in over 100 countries and territories.

Best Western offers a wide range of hotel options, from budget-friendly motels to luxury resorts. The company's hotels are located in a variety of destinations, including major cities, small towns, and курорты. Best Western also offers a variety of amenities, including comfortable guest rooms, free Wi-Fi, and on-site restaurants.

Best Western is a publicly traded company with a market capitalization of over $3 billion. The company is headquartered in Phoenix, Arizona, and has regional offices in North America, Europe, Asia, and Latin America.

Best Western is a strong and stable company with a long history of success. The company is well-positioned for continued growth in the years to come.

Whether you're traveling for business or pleasure, Best Western is a great choice for travelers of all types. The company offers a wide range of hotel options, convenient locations, and affordable rates. Best Western is also a member of the Global Hotel Alliance, which gives guests access to a world of benefits and rewards.

So, next time you're planning a trip, be sure to consider Best Western. With its comfortable accommodations, affordable rates, and convenient locations, Best Western is a great choice for travelers who are looking for a hassle-free and enjoyable stay.