TRT Holdings explained

TRT Holdings is a private holding company based in Dallas, Texas,[1] that owns hotel chain Omni Hotels, Origins Behavioral Healthcare, and many investments in other companies.[2] [3] It was founded in 1989.[1]

Management

Robert Rowling co-founded the company, and today serves as Owner, Chief Executive Officer and President.[4]

History

TRT Holdings was founded in 1989 by Texas oil entrepreneurs Reese Rowling and his son, Robert Rowling. They had made a fortune in the oil industry through Tana Exploration Company.[3] The company has made several acquisitions over the years, including the Omni Hotel chain in 1996,[5] Gold Gym International in 2004,[6] and Cresta Construction in Irving, Texas.

In August 2020, TRT Holdings sold Gold's Gym to German fitness company RSG Group for US$100 million [7]

In 2021, TRT holdings donated $50,000 to Save Austin Now, a Political Action Committee, http://www.austintexas.gov/edims/document.cfm?id=363567In 2010, CEO Robert Rowling donated $1 million to American Crossroads, a 527 organization that primarily has supported Republican candidates in state and national elections.[8]

In 2018, Robert Rowling donated $500,000 to Texans ARE, a Political Action Committee backing Senator Ted Cruz from Texas via their website doyouknowbeto.com.[9]

External links

Notes and References

  1. "TRT Holdings, Inc." Bloomberg Businessweek. Retrieved on October 22, 2011. "420 Decker Drive Suite 100 Irving, TX 75062"
  2. PR Newswire, TRT Holdings press release, http://www.prnewswire.com/news-releases/trt-holdings-nominates-four-highly-qualified-and-experienced-directors-for-election-to-gaylord-entertainment-board-of-directors-61313627.html
  3. Hoovers, TRT Holdings profile, accessed Oct 15 2010, http://www.hoovers.com/company/TRT_Holdings_Inc/cksski-1-1njdap.html
  4. https://web.archive.org/web/20100912192257/http://investing.businessweek.com/research/stocks/private/person.asp?personId=7984622&privcapId=829570&previousCapId=320269&previousTitle=GAYLORD%20ENTERTAINMENT%20CO BusinessWeek profile of Robert Rowling, accessed October 15, 2010
  5. Omni Hotels website, http://www.omnihotels.com/AboutOmniHotels/OmniHotels/History.aspx, accessed Oct 15 2010,
  6. Texas Business Journal, TRT Holdings is new owner of Golds Gym, June 15, 2004, http://www.bizjournals.com/dallas/stories/2004/06/14/daily20.html
  7. Web site: RSG Group Set to Acquire Gold's Gym. 15 July 2020.
  8. [OpenSecrets]
  9. FEC records, accessed September 9, 2018, http://docquery.fec.gov/cgi-bin/fecimg/?C00654301