![]() ![]() In 1970, Sheraton introduced the Sheraton Towers concept, a line of luxury "hotel-within-a-hotel" facilities designed for business travelers and located within Sheraton's largest and most exclusive hotels. The radio jingle for "Eight-Oh-Oh, Three-Two-Five, Three-Five Three-Five" "ran throughout the decade and into the eighties" but the jingle's lifespan went even beyond. In late 1969, Sheraton introduced the hotel industry's first nationwide toll-free number, which displaced two hundred local Sheraton reservation numbers. Under ITT's ownership, Sheraton quickly moved away from ownership and operation of its properties to a new model of franchising and management, as the chain expanded greatly both in the US and abroad. That same year, ITT sold eighteen aging Sheraton properties. The multinational conglomerate ITT purchased the chain in 1968. That same year, Sheraton opened its first hotel in Asia, the Sheraton-Philippines Hotel in Manila its first hotel in Europe, the Sheraton-Du Cap Hotel on the island of Corsica in France and its first hotels in Australia, two Sheraton Motor Hotels in Melbourne and Sydney. In 1967, Sheraton unveiled Reservatron II, a computer system for personalized reservations. In 1966, Sheraton opened its first hotel in the Middle East, the Kuwait-Sheraton Hotel. In 1965, the 100th Sheraton property, the Sheraton-Boston Hotel, opened. In 1962, Sheraton created a franchise division, primarily to operate Sheraton Motor Inns, large highway motels providing free parking. The early 1960s saw the arrival of the first Sheraton hotels outside the US and Canada, with the opening of the Sheraton-Tel Aviv Hotel in Israel in March 1961 the Sheraton-Kingston Hotel in Jamaica, and the Sheraton-British Colonial Hotel in Nassau, Bahamas, both in 1962 and the Macuto-Sheraton Hotel outside Caracas, Venezuela, in 1963. That same year Sheraton opened its first newly built motel, marketed as a "Highway Hotel," the Sheraton Inn, located in Binghamton, New York. In 1959, Sheraton acquired its first properties outside North America, purchasing four hotels owned by the Matson Lines on Waikiki Beach in Honolulu, Hawaii - the Moana Hotel, the Royal Hawaiian Hotel, the SurfRider Hotel, and the Princess Kaiulani Hotel. In 1958, Sheraton became the first hotel chain to centralize and computerize its reservations when it introduced Reservatron, the hotel industry's first automatic electronic reservations system. In 1957, Sheraton, which had previously focused on acquiring existing hotels, opened its first newly built hotel, the Philadelphia Sheraton Hotel. That same year, Sheraton acquired its first motels, purchasing two properties in the suburbs of Syracuse, New York. Sheraton retained ten of the largest hotels and immediately resold the other twelve. In 1956, Sheraton paid $30 million to buy the Eppley Hotel Company, which was then the largest privately held hotel business in the United States, with 22 properties across six Midwestern states. They quickly resold the Toronto and Ottawa properties to finance their continued Canadian expansion in 1950, paying $4.8 million to purchase Cardy Hotels, a chain of six properties in Ontario and Quebec. In 1949, Sheraton expanded internationally, buying the Ford Hotels chain, with three properties in Toronto, Ottawa and Montreal. In 1946, the Standard Equities Corporation merged with the United States Realty and Improvement Corporation, forming the Sheraton Corporation of America, which became the first hotel chain to be listed on the New York Stock Exchange in 1947. Henderson and Moore purchased Boston's famed Copley Plaza Hotel in 1941, and continued expanding rapidly, buying existing properties along the East Coast from Maine to Florida. Instead, Henderson and Moore decided to call all of their hotels by that name. ![]() It had a large lighted sign on the roof saying "Sheraton Hotel," which was too expensive to change. The chain got its name from the third hotel the pair acquired, in Boston, in 1939. Sheraton dates its founding to that year and considers that property its first hotel. Also in 1937, they purchased their second hotel, and the first as part of the new company, the Stonehaven Hotel in Springfield, Massachusetts, a converted apartment building. In 1937, Henderson and Moore purchased the Standard Investing Corporation and the International Equities Corporation, combining them into the Standard Equities Corporation, the company through which they would run their hotels. The origins of Sheraton Hotels date to 1933, when Harvard classmates Ernest Henderson and Robert Moore purchased the Continental Hotel in Cambridge, Massachusetts. ![]()
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