Companies That We Believed To Be American, But They Are Really Not!

Published on 10/05/2021
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Hilton Hotels

Conrad Hilton founded Hilton Hotels & Resorts in 1919. If that is the case, it has been in operation for nearly a century! From a limited number of establishments, Hilton has grown to become a household name. It now manages 586 hotels in 85 countries. HNA Firm, a Chinese aviation, and shipping corporation, acquired a 25% stake in the hotel group for $6.5 billion in 2016. As a result, it became the largest shareholder in the corporation. Additionally, HNA acquired Carlson Hotels earlier that year in an attempt to join the hotel industry. Hilton had a market value of approximately $26 billion at the time it was acquired by HNA.

Hilton Hotels

Hilton Hotels

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Starplex Cinemas

The reality is that Starplex Cinemas never achieved the same degree of success in the United States that AMC did. After all, the United States has only 34 of them. Many people in the United States have never visited a theater, owing to the scarcity of theaters in many parts of the country. AMC Theaters acquired it for $175 million in 2015. On the sites, AMC Classics theaters were constructed. We already notified you that the Chinese corporation Dalian Wanda Group now holds a majority stake in AMC. By 2017, all Starplex theaters had been converted to AMC locations, and the firm had essentially ceased operations. In other words, both Dalian Wanda Group and AMC have acquired it!

Starplex Cinemas

Starplex Cinemas

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