Frigidaire
Originally called the Guardian Frigerator Company, Frigidaire got its start in Indiana back in 1918. While the idea behind it came from Alfred Mellowes and Nathaniel B. Wales, they did not have enough money to get it going. This is where William C. Durant of General Motors came in! He invested in the company, which made it possible for the duo to bring it to where it is now. In 1979, it was under the ownership of the White Sewing Machine Company. However, a Swedish company called Electrolux bought it in 1986. Frigidaire continues to be a subsidiary of this company to this day, but it seems to be doing just fine.
Frigidaire
Strategic Hotels And Resorts
This hotel chain currently has 17 luxury hotels across the United States and one in Germany. Strategic Hotels and Resorts got its start in 1997. It was the brainchild of a philanthropist and real estate investor by the name of Laurence S. Geller. A Chinese company called Anbang Insurance Group was allegedly looking at buying it for $6.5 million in 2016. However, it looks like the deal was renegotiated in the end because the insurance company ended up buying the hotel chain for $1 million less. This had something to do with the fact that one of the properties could not be sold. The US government banned it from going through because it was close to a navy base.
Strategic Hotels And Resorts
