COMPANY·HISTORIES
SIC 8741

Hotel and Motel Management

How the companies in this industry began, and the forces that shaped them.

16companies1884–1992founding years16still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedThe Times Mirror Company
1884
1903
TechnologyThe Wright brothers achieve powered flight.
1914
EconomyWorld War I begins; global trade reorders.
FoundedBechtel Group, Inc.
1925
FoundedFarmers Insurance Group of Companies
1927
FoundedSverdrup Corporation
1928
1929
EconomyThe stock market crashes; the Great Depression spreads worldwide.
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long global expansion begins.
1947
TechnologyThe transistor is invented.
FoundedJacobs Engineering Group Inc.FoundedVolt Information Sciences Inc.
1957
1958
TechnologyThe integrated circuit is demonstrated.
FoundedHumana Inc.
1961
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedUnivar Corporation
1966
FoundedLa Quinta Inns, Inc.
1968
FoundedAmerican Management Systems, Inc.
1970
1971
EconomyThe dollar leaves the gold standard; currencies float.
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins.
FoundedNew Street Capital Inc.
1976
FoundedBritish Aerospace plc
1978
1979
EconomyA second oil crisis drives inflation higher worldwide.
1981
TechnologyThe IBM PC launches and sets a standard.
FoundedJardine Matheson Holdings LimitedFoundedThe Turner Corporation
1984
TechnologyApple ships the Macintosh; the GUI era begins.
FoundedPrimedex Health Systems, Inc.
1985
1987
EconomyBlack Monday: markets fall sharply around the world.
1989
HistoryThe Berlin Wall falls; global markets open up.
1991
TechnologyThe World Wide Web is released to the public.
FoundedCapStar Hotel Company
1992
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
2000
EconomyThe dot-com bubble bursts.
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit worldwide.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

The Times Mirror Company →
Active · founded 1884
The Times Mirror Company ranks among the top five newspaper companies in the United States.
Bechtel Group, Inc. →
Active · founded 1925
Bechtel Group, Inc.
Farmers Insurance Group of Companies →
Active · founded 1927
Farmers Insurance Group of Companies was a wholly owned subsidiary of B.A.T.
Sverdrup Corporation →
Active · founded 1928
Sverdrup Corporation is a broad-based engineering firm offering professional services in civil engineering and…
Jacobs Engineering Group Inc. →
Active · founded 1957
Jacobs Engineering Group Inc.
Volt Information Sciences Inc. →
Active · founded 1957
Volt Information Sciences Inc.
Humana Inc. →
Active · founded 1961
One of the largest publicly traded managed healthcare companies in the United States, Humana Inc.
Univar Corporation →
Active · founded 1966
Univar Corporation is a leading, international distributor of a broad range of industrial chemicals, which it…
La Quinta Inns, Inc. →
Active · founded 1968
With more than 220 inns in 29 states, La Quinta Inns, Inc.
American Management Systems, Inc. →
Active · founded 1970
American Management Systems, Inc.
New Street Capital Inc. →
Active · founded 1976
Since its incorporation in 1976, Drexel Burnham Lambert Incorporated (reorganized as New Street Capital Inc.), once a…
British Aerospace plc →
Active · founded 1978 · United Kingdom
British Aerospace plc (BAe) is the largest defense contractor in Europe, as well as being a leading aerospace company.
Jardine Matheson Holdings Limited →
Active · founded 1984 · Bermuda
Jardine Matheson is one of the oldest names in East Asia, and Jardine Matheson Holdings Limited is an international…
The Turner Corporation →
Active · founded 1984
Founded in 1902 by Henry C.
Primedex Health Systems, Inc. →
Active · founded 1985
Primedex Health Systems, Inc., headquartered in Los Angeles, is engaged in the delivery and administration of managed…
CapStar Hotel Company →
Active · founded 1992
CapStar Hotel Company owns and manages hotels in the upscale end of the lodging market, including such familiar names…
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