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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
Stratosphere Hotel
Additional Travel Information
Las Vegas is famous for its casino-lined streets, but it is also a great destination for the whole family. Children and teenagers will have a blast when they embark on the many roller coasters and thrilling rides located along the Strip. The Adventuredome, the city’s indoor theme park, is a great location for all ages. Fully interactive museums allow your kids to learn and have fun while on vacation. The chocolate factories and massive candy shops are real treats for everyone in your group. When you want to get away from the neon lights and flashy entertainment of the city, you can drive over to the mountains for skiing, hiking and snow-capped recreation. No matter what you have planned, Budget Car Rental at the Stratosphere Hotel can help get you there.You can find Budget at the Stratosphere Hotel on South Las Vegas Boulevard just north of the Strip. You can rent small, fuel-efficient cars for inner-city driving or a larger SUV model if you are planning on heading to the mountains. No matter which vehicle you choose, Budget offers some of the lowest rates available. With features like GPS systems and child safety seats, you can feel confident and secure throughout your trip.Whether you are trying your luck at the Stratosphere Hotel and Casino or taking your family to see a live show, Budget can make your vacation more convenient and enjoyable. Our promise ensures that you receive the best car rental rates no matter what you have planned. After booking a room at the Stratosphere Hotel in Las Vegas, reserve your rental car with Budget using our simple online tools.
Additional Location Information
Select from a wide variety of vehicles at Budget Stratosphere Hotel, check out the latest Stratosphere Hotel Car Rental Deals, and be confident that you are getting the best rental rates in Nevada !
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