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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
College Park Holiday Inn
Additional Travel Information
College Park, Maryland, is a vibrant community as well as the home to the University of Maryland. Visitors come to this area to enjoy the energetic college atmosphere or stay here as a launching point to explore Washington, D.C., which is about a 30 minute drive to the south. Within the city limits, guests can learn more about aviation at the city’s Aviation Museum, take in a lively Terrapins football game at the Capital One at Byrd Stadium or enjoy a cultural trip to the Art Gallery at the University of MD. The Budget car rental at the Holiday Inn makes exploring this dynamic region simple. From fuel-efficient rental cars to comfortable minivans for larger groups, Budget at the Holiday Inn offers an attractive College Park rental car deal. You can request add-ons like a GPS system to help navigate to the National Mall in Washington, D.C., or Baltimore’s Inner Harbor. This location at the Holiday Inn has a Fastbreak Counter service where you can conveniently flash your driver’s license, grab your keys and go. In addition, you can save up to 30 percent off your rental car by booking your reservation online with Budget at the Holiday Inn in College Park. Visitors who come to this college town love the convenience and excellent customer service of Budget rental cars. Whether you are heading to Six Flags America for a thrilling day of roller coaster rides or spending the afternoon seeing the Giant Pandas or the Asian Elephants at the Smithsonian National Zoological Park, take advantage of the freedom of driving a rental car from Budget.
Additional Location Information
Select from a wide variety of vehicles at Budget College Park Holiday Inn, check out the latest College Park Holiday Inn Car Rental Deals, and be confident that you are getting the best rental rates in Maryland !
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