resorts
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Hyatt sells the hotel. Keeps the guest.
A motel near LAX became a global hospitality company. Its next chapter depends on a curious idea: the most valuable part of a hotel may be the relationship, rather than the building.
The Hospitality Giant That Owns Almost No Hotels
Hilton runs more than 8,000 hotels across 140-plus countries and barely holds the deeds to any of them. The real business is a fee machine wrapped around 200 million loyalty members - and it started with one man and a cheap hotel in Cisco, Texas.
The Hotel Company That Still Owns the Building
While the biggest names in hospitality sell their real estate and collect franchise fees, Omni keeps the keys - about 50 hotels, 23,000 employees, and a century-old bet that owning the building still matters.
Hilton Grand Vacations
Hilton Grand Vacations sells something more complicated than a hotel room: a repeatable claim on future holidays. Its real product is the machinery that turns deeds, points, loans and resort operations into a travel habit for more than 720,000 members.
Travel + Leisure Co.
The company once known as Wyndham Destinations sells the same week of vacation over and over again - and turned a 30-year-old timeshare model into a $4 billion machine built on exchange networks, deeded weeks and a magazine name.
JAZ Hotel Group
JAZ Hotel Group is the hospitality arm of Travco Group International, Egypt's largest travel conglomerate. Founded in 1998 and headquartered in Sheikh Zayed City, Giza, JAZ owns and manages a portfolio of 70-plus beach resorts and hotels concentrated on Egypt's Red Sea and Mediterranean coasts, with newer properties in Zanzibar and the UAE. Its brands - JAZ, JAZ Elite, JAZ Neo, Iberotel, Solymar and others - focus largely on all-inclusive leisure travel for European and regional holidaymakers.