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Our Factsheet
Growing the business since 1958
In Summary: Day after day, Budget employees and operators at approximately 2,700 locations in more than 120 countries help support our vision, mission and values.
Quick History
Budget Rent A Car was founded by Morris Mirkin in 1958 with a $24,000 investment. The company name was chosen to appeal to the “budget-minded” or “value-conscious” renter. In 1959, in an effort to grow the business, Mirkin appealed to a distant relative, Jules Lederer, president of a Chicago-based manufacturer of writing instruments, for additional financing. Lederer formed a leasing company and leased new vehicles to Mirkin. In 1960, Lederer formed Budget Rent A Car Corporation in Chicago. The company then grew rapidly, both nationally and internationally.
In 1986, Gibbons, Green and van Amerongen Ltd. along with management and selected investors purchased Budget from Transamerica Corp. in a LBO transaction. Budget made an initial public offering of 3.2 million shares in 1987.
In 1992, Budget moved downtown Chicago headquarters to Lisle, Ill.
In April 1997, Budget was bought by Team Rental Group, Budget’s largest franchisee in the United States and changed its name to Budget Group, Inc. Budget Group began trading on the NYSE that year.
In 1997, Budget unveiled “Unlimited Budget” a travel agent loyalty program through which members receive a free Unlimited Budget debit MasterCard card and earn points (dollars) for completed bookings.
In 1998, Budget introduced “Fastbreak,” Budget’s express service with paperless transaction.
In 2002, Budget Group was delisted from the NYSE and sold Budget Rent A Car assets in the United States, Canada, Latin America, Caribbean, Australia and New Zealand to Cendant Corporation. Other worldwide assets were sold to Avis Europe, Plc. Later, Cendant moved Budget headquarters from Lisle, Ill. to Parsippany, N.J.
In 2006, Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport and Avis Budget Group, Inc. As a result, Budget Rent A Car System, Inc. is now a subsidiary of Avis Budget Group.
In 2011, Avis Budget Group, Inc. acquired Avis Europe plc. The transaction re-unites Avis Budget Group with its licensee for Europe, the Middle East, Africa and Asia.
About this location:
Location
DoubleTree Paradise Valley Rst
Additional Travel Information
The annual Jaycees Parada del Sol brings thousands of people to Scottsdale every year, but even if you choose to visit during another season, you’ll still find plenty of things to see and do in this Arizona city. Whether you’re in the mood for shopping, trying your luck at the casino or checking out the art on display in local galleries and museums. Budget at Doubletree Paradise Valley Resort can help you save money with affordable car rentals. Even if you decide to stay in another resort or hotel, you can still pick up your rental car at the Doubletree Paradise Valley Resort in Scottsdale. It takes just 60 seconds to book Scottsdale car rentals through the site, but you’ll want to take some time to browse through the cars available. A Ford Focus, Fiesta or another smaller car is great for those traveling light, but if you have a larger family, you might look at intermediate and standard models like the Escape, Fusion or Legacy. Budget car rental at Doubletree Paradise Valley Resort offers discounts on its rental cars right on the website. After picking up your car from Doubletree Paradise in Scottsdale, you might swing by the local stadium for a baseball game, check out Troon Golf Club or one of the other courses in the city, or shop ’till you drop at Fashion Square. You’ll also find lots of outdoor attractions to visit and explore, including Camelback Mountain and Pinnacle Peak. No matter what your plans are, Doubletree Paradise Valley Resort can help. Search for an amazing Scottsdale rental car deal today and book your car online to have it ready when you arrive.
Additional Location Information
Select from a wide variety of vehicles at Budget DoubleTree Paradise Valley Rst, check out the latest DoubleTree Paradise Valley Rst Car Rental Deals, and be confident that you are getting the best rental rates in Arizona !
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