The Parking Spot Explained

The Parking Spot
Type:	Subsidiary
Founded:	1998^[1]
Hq Location City:	Chicago, Illinois
Area Served:	United States
Key People:	Jeff Foland, CEO^[2]
Industry:	Airport Parking
Owner:	Green Courte Partners LLC.

The Parking Spot is an off-airport parking company based in Chicago, Illinois. Founded in 1998 by Martin Nesbitt, the company grew quickly to become a distinctive brand with hundreds of millions of passengers annually.^[3] The company's first backer was Penny Pritzker, a member of the prominent Pritzker family that founded and largely owns Hyatt.^[4]

The Parking Spot has 38 locations across 22 U.S. airports, as of 2023.^[5]

In 2011, The Parking Spot was sold to real estate investment group Green Courte Partners LLC for $360 million.^[6] Its loyalty rewards program, The Spot Club, crossed the million-member mark in 2016.^[7] In August 2019, the company announced a partnership with SpotHero, a digital parking marketplace, to allow for booking through their interface.^{[8] [9]}

Airport locations

• Atlanta - 2 locations
• Austin - 2 locations
• Baltimore - 2 locations
• Buffalo
• Charlotte
• Columbus
• Dallas (DFW) - 3 locations
• Dallas (Love Field) - 2 locations
• Denver
• Hartford
• Houston (Hobby) - 2 locations
• Houston (IAH) - 3 locations
• Kansas City
• Los Angeles - 2 locations
• Nashville
• Newark
• Orlando
• Philadelphia - 2 locations
• Phoenix - 3 locations
• Pittsburgh
• Salt Lake City
• St. Louis - 4 locations

Notes and References

1. Web site: About Airport Parking | the Parking Spot.
2. Web site: PE-backed the Parking Spot hires Foland as president and CEO. 13 November 2018.
3. News: Sharkey . Joe . 2007-11-06 . The Lowly Parking Garage With the Colorful Identity . en-US . The New York Times . 2023-03-21 . 0362-4331.
4. Web site: Airport parking at its finest . . 2007-05-10 . Bianchi, Alessandra.
5. Web site: Off-Site Airport Parking Local Directory The Parking Spot . 2023-03-21 . www.theparkingspot.com.
6. Web site: Pritzker Realty sells parking lot chain to private equity firm . . 2011-12-09 . Sachdev, Ameet . Harris, Melissa. 2016-12-04.
7. Web site: The Parking Spot Introduces Tiered Benefits Program. - Free Online Library . 2023-03-21 . www.thefreelibrary.com.
8. Web site: SpotHero and The Parking Spot Announce Preferred Partnership to Power Digital Parking Reservations Near Airports Nationwide. 2019-08-29. www.businesswire.com. en. 2019-09-27.
9. News: McCartney . Scott . Finally, Tracking for the Hotel Shuttle Van . Wall Street Journal. 7 August 2019 .