Word: chaine
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Dates: during 1960-1969
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...purchase a resort hotel in New Jersey. He and his brother expanded before long to New York, where they bought or built such hotels as the Drake, the Warwick and the Americana. In 1960, at the ripe age of 37, Tisch acquired Loew's. The hotel and theater chain has grown a lot since then, but it is still only a quarter the size of the cigarette maker it took over last week...
...little private banking business thrown in, the family more than meets its goal of being, as Jack Pritzker puts it, "busy and successful." Busiest of all the Pritzker holdings nowadays is its 57%-owned Hyatt Corp., which in twelve years has grown from a single unit to a chain of 14 hotels and 40 motels. Run from headquarters in Burlingame, Calif., by Donald Pritzker, 35, Hyatt increased its earnings last year by 78% over the year before, to $1.5 million...
Though far smaller than such chains as Sheraton (1967 revenues: $286.6 million), Hyatt has achieved a growth rate that Don Pritzker claims is "tops in the industry." By keeping to key locations near airports and in downtown areas where hotel business is already booming, the chain hopes to keep that growth continuing. This year alone Hyatt is building ten more motels and expanding its standout success, Atlanta's handsome and unusual Regency Hyatt House. Little more than a year old, Regency House has already become a major Atlanta attraction. Its interior balconies rise 22 stories around a glass-roofed...
...Whole Pie. Besides adding new stores of its own, Dayton's last year bought up San Francisco's fashionable Shreve & Co. jewelry store, and earlier this year acquired the two Diamond department stores in Phoenix, Ariz., and the four-store Lipman chain in Oregon. Long committed to the "whole pie" theory of retailing, which emphasizes bargain-basement as well as high-fashion merchandise, the company is also expanding its six-year-old chain of Target discount stores, a $100 million-a-year operation that has outlets in Minnesota, Colorado and Missouri. The most impressive growth has come...
Dayton's has fully computerized its B. Dalton operation to keep track of fastand slow-moving titles, meanwhile taking pains to make the chain seem like a group of friendly neighborhood booksellers. Most B. Dalton ads use the first person to proclaim "I am having a sale," or "I see a growing interest in the occult." Mixing mechanization with the personal touch is a Dayton's hallmark that has paid off for the company as a whole. Last year Dayton's had sales of $265,507,000 and profits of $9,587,000, a gain of some...