Frigidaire
Frigidaire began in Indiana in 1918 as the Guardian Frigerator Company. While Alfred Mellowes and Nathaniel B. Wales had the inspiration for it, they lacked the financial resources to see it through. GM’s William C. Durant stepped in at this point! It was because of his investment that the company was able to reach its current status with the help of the other two. The White Sewing Machine Company acquired it in 1979 and operated it until today. In 1986, Electrolux, a Swedish conglomerate, acquired the business. To this day, Frigidaire is still a subsidiary of this business, but it appears to be doing well.
Frigidaire
Strategic Hotels And Resorts
There are currently 17 luxury hotels in the United States operated by this hotel group, as well as one in Germany. In 1997, Strategic Hotels and Resorts was founded. Founder Laurence S. Geller had the idea for it while working as a real estate speculator. Anbang Insurance Group, a Chinese firm, was reportedly interested in purchasing it in 2016 for $6.5 million. In the end, it appears that the agreement was renegotiated since the insurance company paid $1 million less for the hotel chain. In part, this was because one of the properties was unable to be sold. Because it was so close to a navy installation, the US government forbade it from moving forward.
Strategic Hotels And Resorts
