Shilo Inns Explained

Shilo Inns
Type:Private
Foundation:1974
Founder:Mark Hemstreet
Location City:Washington County, Oregon
United States
45.5154°N -122.7961°W
Locations:14
Area Served:Western United States
Industry:Hospitality
Products:Lodging
Homepage: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

1974: Launch

Shilo Inns was founded by Mark Hemstreet in 1974. 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

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

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

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

External links

Notes and References

  1. Web site: Mark Hemstreet's Independently Owned Shilo Inns Mark 30 Years. July 2004. www.hotel-online.com. 2016-04-30.
  2. News: THE MAN WHO WOULD BE KINGMAKER. The Oregonian. June 4, 1995. STEVE. SUO . JAMES LONG . JEFF MAPES.
  3. News: Shilo Inns announces Briarwood Inn acquisition. June 20, 2001. Portland Business Journal. 2008-08-12.
  4. Web site: Corporate Strategies: Elmer's bulge begins. Troseth. Erika. 2000-08-06. Portland Business Journal. 2016-04-30.
  5. News: Shilo Inns dips toe in franchising pool. July 12, 2001. Portland Business Journal. 2008-08-12.
  6. News: Shilo Inns takes four properties into Chapter 11. Goldfield. Robert. March 14, 2002. Portland Business Journal. 2008-08-12.
  7. News: Shilo Inns empire fell, but openings continued. Goldfield. Robert . January 24, 2003. Portland Business Journal. 2008-08-12.
  8. Web site: More Bankrupt Shilo Inns Hit the Market. Globest.com. 7 June 2002. Brian K. Miller. 21 November 2019.
  9. News: Shilo Inns emerges from Chapter 11; says creditors unharmed. McCarrell. Pat. April 22, 2003. Puget Sound Business Journal. 2008-08-12.
  10. News: Shilo Inns names new CEO. June 19, 2007. Portland Business Journal. 2008-08-12.
  11. Web site: New owner of Salt Lake City's Shilo Inn will make it a Holiday Inn. Sltrib.com. 24 January 2014. Tony Semerad. 21 November 2019.
  12. Web site: California bank wins $20 million judgment against Shilo Inns founder Mark Hemstreet. Oregonlive.com. 9 January 2019. 21 November 2019.
  13. Web site: Shilo Inn & Suites in Couer d'Alene changing hands. Spoeksman.com. 26 April 2017. 21 November 2019.
  14. Web site: Shilo Inn in Twin Falls will become Holiday Inn. Idahobusinessreview.com. 21 May 2018. Teya Vitu. 21 November 2019.
  15. Web site: Riverfront Richland hotel is sold. What's happening next?. Tri-cityherald.com. 3 September 2018. Wendy Culverwell. 21 November 2019.
  16. Web site: Shilo Inn in Bend headed for auction. Bendbulletin.com. 11 July 2019. Kathleen Mclaughlin. 21 November 2019.
  17. Web site: Shilo Inns installs new sales and catering system. Hotelmanagement.net. 5 June 2019. Esther Hertsfeld. 21 November 2019.
  18. Web site: OFFICIAL WEBSITE - Shilo Inns Suites Hotels, Affordable Excellence. www.shiloinns.com. 2016-04-30.