Shilo Inns
 | |
 Shilo Inns on the beach at Seaside, Oregon. | |
| Company type | Private |
|---|---|
| Industry | Hospitality |
| Founded | 1974 |
| Founder | Mark Hemstreet |
| Headquarters | |
Number of locations | 13 |
Area served | Western United States |
| Products | Lodging |
| Website | Shiloinns.com |
Shilo Inns is a mid-priced hotel chain operating 14 hotels predominantly on the west coast of the United States (concentration in Oregon), one of the largest independently owned and operated hotel companies in the Western United States.[1]
History
[edit]1974: Launch
[edit]Shilo Inns was founded by Mark Hemstreet in 1974.[1] Hemstreet was known for funding conservative political causes and candidates.[2] The first location opened in Portland, Oregon, and by 2001 had expanded to include 47 locations.[3] In 2000, it was announced that the hotel chain would be partnering, at least at some locations, with Elmer's restaurants (an equivalent to Denny's).[4]
2001 Crisis
[edit]The company began franchising locations in July 2001.[5] In March 2002, 27 Shilo Inns sought voluntary Chapter 11 reorganization protection, due to adverse effects on the travel industry stemming from the September 11 terrorist attacks.[6][7] 27 of the company's 46 hotels were put under Chapter 11, and 13 of those were put up for sale.[8]
On March 31, 2003, however, the company successfully emerged from bankruptcy.[9] By June 2007, the company operated 43 hotels all located in the Western United States. In June 2007, the company named its CFO Christopher Campbell new CEO of Shilo Inns.[10]
Locations downsizing
[edit]In 2014, the Salt Lake City location was sold to the Burgess Investment Group.[11] In 2016, Shilo Inns was sentenced to pay $20 million worth of defaults on loan payments to the California Bank and Trust.[12] The Coeur d'Alene location was sold in April 2017,[13] and the Twin Falls location became a Holiday Inn in May 2018.[14] The Richland waterfront location was sold in September 2018 and planned to be turned into Best Western SureStay Collection.[15] In July 2019, the Bend location was put on auction sale after defaulting loan payments.[16] The location in Medford has become a Red Roof Inn.
In 2019, the company installed a cloud-based sales and catering system throughout its locations.[17]
Description
[edit]Hotels are frequently two to three stories and of a gray and blue color scheme, although there are exceptions, such as their former property in Salt Lake City, which was a 13-story tan and gold hotel with red neon accents (now a Holiday Inn Express). Most properties feature swimming pools, spas, and saunas and all now feature free high speed internet and are dog friendly.[18] Selected properties offer room service and a continental breakfast. Some also include a full service Shilo Restaurant, and hotels in Beaverton, Klamath Falls, and Portland, Oregon feature cigar bars.
See also
[edit]References
[edit]- ^ a b "Mark Hemstreet's Independently Owned Shilo Inns Mark 30 Years". www.hotel-online.com. July 2004. Retrieved 2016-04-30.
- ^ SUO, STEVE; JAMES LONG; JEFF MAPES (June 4, 1995). "THE MAN WHO WOULD BE KINGMAKER". The Oregonian.
- ^ "Shilo Inns announces Briarwood Inn acquisition". Portland Business Journal. June 20, 2001. Retrieved 2008-08-12.
- ^ Troseth, Erika (2000-08-06). "Corporate Strategies: Elmer's bulge begins". Portland Business Journal. Retrieved 2016-04-30.
- ^ "Shilo Inns dips toe in franchising pool". Portland Business Journal. July 12, 2001. Retrieved 2008-08-12.
- ^ Goldfield, Robert (March 14, 2002). "Shilo Inns takes four properties into Chapter 11". Portland Business Journal. Retrieved 2008-08-12.
- ^ Goldfield, Robert (January 24, 2003). "Shilo Inns empire fell, but openings continued". Portland Business Journal. Retrieved 2008-08-12.
- ^ Brian K. Miller (7 June 2002). "More Bankrupt Shilo Inns Hit the Market". Globest.com. Retrieved 21 November 2019.
- ^ McCarrell, Pat (April 22, 2003). "Shilo Inns emerges from Chapter 11; says creditors unharmed". Puget Sound Business Journal. Retrieved 2008-08-12.
- ^ "Shilo Inns names new CEO". Portland Business Journal. June 19, 2007. Retrieved 2008-08-12.
- ^ Tony Semerad (24 January 2014). "New owner of Salt Lake City's Shilo Inn will make it a Holiday Inn". Sltrib.com. Retrieved 21 November 2019.
- ^ "California bank wins $20 million judgment against Shilo Inns founder Mark Hemstreet". Oregonlive.com. 9 January 2019. Retrieved 21 November 2019.
- ^ "Shilo Inn & Suites in Couer d'Alene changing hands". Spoeksman.com. 26 April 2017. Retrieved 21 November 2019.
- ^ Teya Vitu (21 May 2018). "Shilo Inn in Twin Falls will become Holiday Inn". Idahobusinessreview.com. Retrieved 21 November 2019.
- ^ Wendy Culverwell (3 September 2018). "Riverfront Richland hotel is sold. What's happening next?". Tri-cityherald.com. Retrieved 21 November 2019.
- ^ Kathleen Mclaughlin (11 July 2019). "Shilo Inn in Bend headed for auction". Bendbulletin.com. Retrieved 21 November 2019.
- ^ Esther Hertsfeld (5 June 2019). "Shilo Inns installs new sales and catering system". Hotelmanagement.net. Retrieved 21 November 2019.
- ^ "OFFICIAL WEBSITE - Shilo Inns Suites Hotels, Affordable Excellence". www.shiloinns.com. Retrieved 2016-04-30.