Westmont Hospitality Group
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Westmont Hospitality Group
Westmont Hospitality Group is a company nominally based in Mississauga, Ontario, Canada which owns and manages hotels. It was founded by the Mangalji family. It is one of the biggest hospitality management companies. It currently is managed by Majid Mangalji. The total revenue for this company is $700 million. The company has strategic alliances with Intercontinental Hotels (as Holiday Inn), Choice Hotels (as Comfort Inn and Quality Inn), Hilton Hotels, Radisson Hotels, and Wyndham Hotels & Resorts. It is the successor (through a 1999 corporate takeover) of the Journey's End Corporation, a Canadian hotel management and franchising company. History Westmont Hospitality Group in its present form was created through hostile corporate takeover of Unihost (formerly Journey's End) by W-Westmont in 1999. Westmont Hospitality Group was initially established in Toronto, with the first of the Westmont-owned hotels opened in 1975. The first of the Journey's End Corporation properties wa ...
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Mississauga
Mississauga ( ), historically known as Toronto Township, is a city in the Canadian province of Ontario. It is situated on the shores of Lake Ontario in the Regional Municipality of Peel, adjoining the western border of Toronto. With a population of 717,961 as of 2021, Mississauga is the seventh-most populous municipality in Canada, third-most in Ontario, and second-most in the Greater Toronto Area after Toronto itself. However, for the first time in its history, the city's population declined according to the 2021 census, from a 2016 population of 721,599 to 717,961, a 0.5 percent decrease. The growth of Mississauga was attributed to its proximity to Toronto. During the latter half of the 20th century, the city attracted a multicultural population and built up a thriving central business district. Malton, a neighbourhood of the city located in its northeast end, is home to Toronto Pearson International Airport, Canada's busiest airport, as well as the headquarters of ma ...
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Belleville, Ontario
Belleville is a city in Ontario, Canada situated on the eastern end of Lake Ontario, located at the mouth of the Moira River and on the Bay of Quinte. Belleville is between Ottawa and Toronto, along the Quebec City-Windsor Corridor. Its population as of the Canada 2016 Census, 2016 census was 50,716 (census agglomeration population 103,472). It is the seat of Hastings County, but politically Independent city, independent of it, and is the centre of the Bay of Quinte Region. History The city is situated on the traditional territory of the Wyandot people, Wendat, Anishinaabe, Anishnaabeg, and Haudenosaunee peoples. The historic Anishinaabe (Mississaugas) village, known as ''Asukhknosk'' in the 18th century, was part of land purchased by the Crown to use for the resettlement of United Empire Loyalists who were forced to leave the Thirteen Colonies in North America, after the United States achieved independence. The settlement was first called Singleton's Creek after an early sett ...
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Newmarket, Ontario
Newmarket ( 2021 population: 87,942) is a town and regional seat of the Regional Municipality of York in the Canadian province of Ontario. It is part of Greater Toronto in the Golden Horseshoe region of Southern Ontario. The name stems from the fact that the settlement was a "New Market", in contrast to York as the ''Old Market''. The town was formed as one of many farming communities in the area, but also developed an industrial centre on the Northern Railway of Canada's mainline, which was built in 1853 through what would become the downtown area. It also became a thriving market town with the arrival of the Metropolitan Street Railway in 1899. Over time, the town developed into a primarily residential area, and the expansion of Ontario Highway 400 to the west and the construction of Ontario Highway 404 to the east increasingly turned it into a bedroom town since the 1980s. The province's Official Plan includes growth in the business services and knowledge industries, as wel ...
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Delisting (stock)
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are officially traded on a stock exchange. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions. Normally the issuing company is the one that applies for a listing but in some countries an exchange can list a company, for instance because its stock is already being traded via informal channels. Stocks whose market value and/or turnover fall below critical levels may be delisted by the exchange. Delisting often arises from a merger or takeover, or the company going private. Requirements Each stock exchange has its own listing requirements or rules. Initial listing requirements usually include supplying a history of a few years of financial statements (not required for "alternative" markets targeting young firms); a sufficient size of the amount being placed among the general public (the free float), both in ...
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Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas and Salt Lake City, and additional offices in other international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 57th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board. The company has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. While the company has appeared on the 100 Best Companies to Work For list compiled by ''Fortune'' ...
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Ramada
Ramada is a large American multinational hotel chain owned by Wyndham Hotels and Resorts. As of December 31, 2018, it operates 811 hotels with 114,614 rooms across 63 countries under the Ramada brand. Name The ''Ramada'' name derives from the Spanish term ''rama'' (meaning "branch"). Temporary open-air structures called "ramadas" (meaning "porch" or "arbor"), made of brush or branches (similar to an arbor) were popular in Arizona during harvest time. Company websites commonly refer to the structure as a "shady resting place". History Longtime Chicago restaurateur Marion W. Isbell (1905–1988) founded the chain in 1953 along with a group of investors including Michael Robinson of McAllen, Texas (who later went on to start Rodeway Inns in the early 1960s) and Del Webb of Phoenix (who owned the New York Yankees and went on to establish his own lodging chain, Hiway House, in 1956). Other original investors of Ramada Inns included Isbell's brother-in-law Bill Helsing; M ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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Quebec Autoroutes
Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirteen provinces and territories of Canada. It is the largest province by area and the second-largest by population. Much of the population lives in urban areas along the St. Lawrence River, between the most populous city, Montreal, and the provincial capital, Quebec City. Quebec is the home of the Québécois nation. Located in Central Canada, the province shares land borders with Ontario to the west, Newfoundland and Labrador to the northeast, New Brunswick to the southeast, and a coastal border with Nunavut; in the south it borders Maine, New Hampshire, Vermont, and New York in the United States. Between 1534 and 1763, Quebec was called ''Canada'' and was the most developed colony in New France. Following the Seven Years' War, Quebec b ...
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400-series Highways
The 400-series highways are a network of controlled-access highways throughout the southern portion of the Canadian province of Ontario, forming a special subset of the provincial highway system. They are analogous to the Interstate Highway System in the United States or the Autoroute system of neighbouring Quebec, and are regulated by the Ministry of Transportation of Ontario (MTO). The 400-series designations were introduced in 1952, although Ontario had been constructing divided highways for two decades prior. Initially, only Highways 400, 401 and 402 were numbered; other designations followed in the subsequent decades. Modern 400-series highways have high design standards, speed limits of , with a limit on select stretches, and various collision avoidance and traffic management systems. The design of 400-series highways has set the precedent for a number of innovations used throughout North America, including the parclo interchange and a modified Jersey barrier de ...
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Motel
A motel, also known as a motor hotel, motor inn or motor lodge, is a hotel designed for motorists, usually having each room entered directly from the parking area for motor vehicles rather than through a central lobby. Entering dictionaries after World War II, the word ''motel'', coined as a portmanteau of "motor hotel", originates from the Milestone Mo-Tel of San Luis Obispo, California (now called the Motel Inn of San Luis Obispo), which was built in 1925. The term referred to a type of hotel consisting of a single building of connected rooms whose doors faced a parking lot and in some circumstances, a common area or a series of small cabins with common parking. Motels are often individually owned, though motel chains do exist. As large highway systems began to be developed in the 1920s, long-distance road journeys became more common, and the need for inexpensive, easily accessible overnight accommodation sites close to the main routes led to the growth of the motel conc ...
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Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and En-suite, en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually Room number, numbered (or named in some smaller hotels and Bed and breakfast, B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part ...
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