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- Coldwell Banker, Century 21 Owner Acquires Vehicle Management, Mortgage Firm.(Originated from The Star-Ledger, Newark, N.J.)
- Nov. 12--Putting more real estate and rental cars in the pot, HFS Inc. said it will buy PHH Corp., a vehicle management, corporate relocation and mortgage banking firm, for about $1.7 billion, or $49.50 a share. The news sent PHH shares...
- Research articles 1996-11-12
- Coldwell Banker Corp. Is Now Part of Real Estate Giant HFS Inc.(Originated from St. Petersburg Times, Fla.)
- Jun. 1--Real estate giant HFS Inc. has completed its $740 million purchase of Coldwell Banker Corp., a major national deal that will also have an impact on one of Tampa Bay's leading real estate companies. Coldwell Banker is the second-largest player in Tampa Bay real estate....
- Research articles 1996-06-01
- HFS to purchase Coldwell Banker
- HFS Inc. will buy Coldwell Banker Corp. for $740 million in cash and debt, dominating the real estate sales business with a hand in 1 of every 4 homes sold. To become the largest franchisor of real estate brokerages, HFS spent $1 billion on acquisitions since August. HFS...
- Research articles 1996-05-03
- Bob McKinnon named to lead Western Division sales for Century 21 Real Estate Corp
- SANTA ANA, Calif.--BUSINESS WIRE--Jan. 10, 1996--Bob McKinnon, a well-known educator and executive in California residential real estate for more than 20 years, has returned to the state to assume leadership of sales activities for the 13-state Century 21 Real Estate Corp., West Division.McKinnon, one of four divisional presidents, will be...
- Research articles 1996-01-10
Additional Resources
- Hospitality Franchise Systems announces name change to HFS Inc.; completes acquisition of Knights Inn Hotel franchise systems
- PARSIPPANY, N.J.--BUSINESS WIRE--AUGUST 31, 1995--Hospitality Franchise Systems Inc. (NYSE:HFS) announced its name change to HFS Inc., effective today at 5:00 p.m., August 31, 1995.This new name reflects the company's expansion of its franchising business into residential real estate brokerage and the company's increasing level of preferred vendor marketing services. The...
- Research articles 1995-08-31
- Oakwood Corporate Housing Signs Preferred Alliance Agreement With HFS Inc
- LOS ANGELES--BUSINESS WIRE--July 8, 1997-- To Provide Temporary Housing Services to Clients and Customers of HFS' Three Real Estate Brands and HFS Mobility Services Inc. Los Angeles-based Oakwood Corporate Housing Tuesday announced that it has entered into a five-year preferred alliance...
- Research articles 1997-07-08
- HFS Inc. Board Elects Michael P. Monaco as a Director
- PARSIPPANY, N.J.--BUSINESS WIRE--Jan. 27, 1997--The Board of Directors of HFS Inc. (NYSE: HFS) announced today that it has elected Michael P. Monaco, HFS vice chairman and chief financial officer, as a director. Monaco joined HFS in October 1996 as vice chairman and CFO as part of a...
- Research articles 1997-01-27
- HFS Inc. completes acquisition of Avis Inc
- PARSIPPANY, N.J.--BUSINESS WIRE--October 17, 1996--HFS Inc. (NYSE:HFS) announced today it has completed its acquisition of Avis Inc. for approximately $800 million. The company plans to pursue a possible follow-on acquisition of another car rental company and, in 1997, the company expects to undertake an initial public offering...
- Research articles 1996-10-17
- HFS Inc. reports record 1995 results; Earnings per share up 64% for the fourth quarter and up 38% for the year
- PARSIPPANY, N.J.--BUSINESS WIRE--Feb. 7, 1996--HFS Inc. (NYSE:HFS) today reported record fourth quarter and 12 month results for 1995. The company previously announced expected 1995 fourth quarter and full year results on Jan. 5, 1996.For the quarter ended Dec. 31, 1995, HFS reported earnings per share of $0.36, an increase...
- Research articles 1996-02-07
- Joseph R. Kane Jr. named to head Days Inns of America; HFS Inc. unit is largest mid-market hotel franchisor
- PARSIPPANY, N.J.--BUSINESS WIRE--January 24, 1996--Joseph R. Kane Jr., a seasoned hotel executive, has been named president and chief operating officer of Days Inns of America, Inc., the world's largest mid-market hotel franchisor.The announcement was made by John Snodgrass, president and chief operating officer of HFS Inc. and chairman and CEO...
- Research articles 1996-01-24
- HFS Inc. appoints Elliot Bloom vice president, corporate communications; former ACNielsen and PepsiCo executive to oversee PR and internal communications
- PARSIPPANY, N.J.--BUSINESS WIRE--April 23, 1997--HFS Inc. (NYSE:HFS) announced today that Elliot Bloom has been appointed vice president of corporate communications, responsible for public relations, news media relations, financial PR and internal communications.
- Research articles 1997-04-23
- HFS Inc. and AT&T extend preferred vendor agreement to 10 years, valued at $1 billion
- PARSIPPANY, N.J.--BUSINESS WIRE--May 6, 1996--HFS Inc. (NYSE:HFS), the world's largest hotel and residential real estate franchisor, announced today the extension of a preferred vendor agreement with AT&T for sophisticated telecommunications and messaging services for its 11 brands.
- Research articles 1996-05-06
- National Gaming Corp. with HFS Inc. and Motels of America to acquire Travelodge from Forte PLC
- PARSIPPANY, N.J.--BUSINESS WIRE--Dec. 20, 1995--National Gaming Corp. (NASDAQ: NAGC), together with HFS Inc. (NYSE: HFS) and Motels of America MOA, announced today that it has agreed to acquire the stock of the North American Travelodge hotel operations of Forte PLC (London Exchange: FTE) for $170 million.Closing of the transaction is...
- Research articles 1995-12-20
- HFS Inc. to offer $200 million of Convertible Senior Notes
- PARSIPPANY, N.J.--BUSINESS WIRE--Feb. 15, 1996--HFS Inc. (NYSE:HFS) today announced it expects to offer approximately $200 million aggregate principal amount of Convertible Senior Notes due 2003 in a registered public offering commencing on or about Feb. 20, 1996 through Morgan Stanley; Alex Brown; Bear Stearns; BT Securities; Goldman Sachs; Merrill Lynch...
- Research articles 1996-02-15
- HFS Inc. reports record first quarter unit growth
- PARSIPPANY, N.J.--BUSINESS WIRE--April 12, 1996--HFS Inc. (NYSE:HFS) announced today record unit growth in its lodging and real estate brokerage franchise businesses.During the 1996 first quarter, the company entered into 186 new hotel franchise agreements, representing 13,497 rooms, compared to 147 new franchise agreements, representing 12,353 hotel rooms sold during the...
- Research articles 1996-04-12
- HFS Inc. Ratings Affirmed by S&P; Off CreditWatch
- NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 8/7/97-- Standard & Poor's today has affirmed its ratings of HFS Inc. and its wholly owned subsidiary, PHH Corp., as listed below.
- Research articles 1997-08-07
- HFS completes acquisition of Resort Condominiums International
- PARSIPPANY, N.J.--BUSINESS WIRE--Nov. 12, 1996--HFS Inc. (NYSE:HFS) announced today it has completed its acquisition of Resort Condominiums International Inc. RCI for approximately $625 million plus future contingent payments of up to $200 million over the next five years. In connection with this transaction, Christel DeHaan, chairman and...
- Research articles 1996-11-12
- HFS agrees to acquire Avis; Deal valued at $800 million; Avis Rent A Car to be spun-off to HFS shareholders
- PARSIPPANY, N.J.--BUSINESS WIRE--July 1, 1996--HFS Inc. (NYSE: HFS) announced today it has reached an agreement in principle to acquire Avis Inc., the second largest rental car system in the world, from its shareholders for approximately $800 million, comprised of about $500 million in cash and approximately $300 million in HFS...
- Research articles 1996-07-01
- HFS and PHH file preliminary proxy statement with SEC
- PARSIPPANY, N.J.--BUSINESS WIRE--Dec. 19, 1996-- Proposed merger of HFS and PHH progressing as planned HFS Inc. (NYSE: HFS) and PHH Corp. (NYSE: PHH) announced today, in conjunction with the ongoing process of their merger, that they have filed a preliminary...
- Research articles 1996-12-19
- HFS signs definitive agreement with General Motors to acquire interest in Avis
- PARSIPPANY, N.J.--BUSINESS WIRE--Aug. 29, 1996--HFS Inc. (NYSE:HFS) announced today it has executed a definitive agreement with General Motors Corp. to acquire their equity interest in Avis Inc.As previously announced, HFS will be acquiring Avis for approximately $800 million and most recently executed definitive agreements with the Avis Employee Stock Ownership...
- Research articles 1996-08-29
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