Chartwell Leisure was an American

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 re ...

company. It was formed in 1994 as National Gaming, a spin-off of the

gaming Gaming may refer to: Games and sports The act of playing games, as in: * Legalized gambling, playing games of chance for money, often referred to in law as "gaming" * Playing a role-playing game, in which players assume fictional roles * Playin ...

businesses of

Hospitality Franchise Systems Cendant Corporation was an American provider of business and consumer services, primarily within the real estate and travel industries. In 2005 and 2006, it broke up and spun off or sold its constituent businesses. Although it was based in New Yo ...

(HFS). A year later, after finding little success, the company said it was leaving the casino industry, and would seek to acquire a business in a less risky field. In January 1996, the company changed its name to National Lodging, and paid $98 million to buy 16

Travelodge Travelodge (formerly TraveLodge) refers to several hotel chains around the world. Current operations include: the United States, Canada, the United Kingdom, Spain, Ireland, New Zealand, Australia and several countries in Asia. However, ma ...

hotels and joint venture interests in 96 more from

Forte Forte or Forté may refer to: Music *Forte (music), a musical dynamic meaning "loudly" or "strong" * Forte number, an ordering given to every pitch class set * Forte (notation program), a suite of musical score notation programs * Forte (vocal ...

, as part of a deal that also saw HFS acquire the Travelodge trademark and franchise operation. In August, the company was renamed Chartwell Leisure after taking a $57 million investment from groups affiliated with the Fisher family, the

Gordon Getty Gordon Peter Getty (born December 20, 1933) is an American businessman and classical music composer, the fourth child of oil tycoon J. Paul Getty. His mother, Ann Rork, was his father's fourth wife. When his father died in 1976, Gordon assumed ...

family, and the de Gunzburg family, giving them a total 52 percent stake in the firm. In March 1998, the company was acquired by a partnership of Whitehall Street Real Estate (a Goldman Sachs affiliate) and Westmont Hospitality Group for $349 million, including $77 million in assumed debt. Westmont received a minority share, and took over operations of the company's 124 properties, under the new name WW Leisure.

References

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External links

BusinessWeek profile of Chartwell Leisure
Defunct hotels Defunct gambling companies Gambling companies of the United States Hotel chains in the United States Defunct companies based in New York City American companies established in 1994 Hospitality companies established in 1994 Hotels disestablished in 1998 Corporate spin-offs 1998 mergers and acquisitions Gambling companies established in 1994 Gambling companies disestablished in 1998