Word: renting
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...latter is a healthy, wholesome activity the old boys who run this place would approve of, unlike the rowdy folks at PBHA who helped organize the Harvard Union of Clerical and Technical Workers or joined communities in fighting the University in places like Mission Hill or on issues like rent control in Cambridge (where Harvard is the biggest landlord...
...kind of empire, one consisting of a loose confederation of brands in related services--rental cars and hotels, real estate and mortgages--that can reach consumers at home, at work or at play. In pursuit of that strategy, HFS last week agreed to pay $175 million for Value Rent-a-Car of Boca Raton, Florida, which has a string of 45 locations that cater to vacationers. Value will complement Avis' operations, which are largely oriented to business travel. And even as HFS drove off with its deal, Silverman was completing the $1.7 billion purchase of PHH, a mortgage, fleet-management...
...Avis deal, HFS backed into a public relations nightmare almost immediately, after civil rights lawyers last year filed a discrimination suit that accused an Avis licensee of refusing to rent to black customers in North and South Carolina. Avis moved to drop the licensee, began a review of its antidiscrimination policies and hired a new chief counsel to assure compliance with...
...Take yet another HFS business: time-share vacation properties. More than two million families are members of Resort Condominiums International, the world's largest time-share exchange network, which Silverman picked up for $825 million last year. "When members go to a time-share resort," he says, "they typically rent a hotel room on either side of the week [they have purchased], and obviously we have a hotel network to rent that room to them. Typically that owner will fly to his or her destination and rent a car, so that is where Avis comes...
...course, the high prices charged by such establishments can be avoided, but only at a cost. It might mean waltzing in the State House, which is nice but intimidating (and believe me, they keep all the interesting offices locked when they rent it out). Or worse, it could be a fiasco like this year's Citystep formal at the Children's Museum, which was overcrowded, overlit and understaffed. It's also just not as much fun climbing on the giant telephone if you're wearing spike heels, a strapless bra and a lot of sequins...