50+ Businesses That Are Not American Anymore

Published on 10/22/2021
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Strategic Hotels And Resorts

This hotel brand is currently responsible for 17 luxury hotels in the United States and one in Germany. Strategic Hotels and Resorts is a family-owned and operated company that was founded in 1997. Laurence S. Geller, a real estate investor and philanthropist, was the project’s inspiration. It was reported in 2016 that Anbang Insurance Group, a Chinese company, was interested in buying it for $6.5 million.

Strategic Hotels And Resorts

Strategic Hotels And Resorts

The contract, however, appears to have been renegotiated in the end, as the insurance company was able to purchase the hotel chain for $1 million less than originally agreed. The fact that one of the properties was unable to sell played a role in the situation. The US authorities forbade it from passing through because it was so close to a naval installation.

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Alka-Seltzer

There has been an Alka-Seltzer trademarked drug for a long time. Back in 1931, the Dr. Miles Medicine Company, now known as Miles Laboratories, began selling this pain reliever and antacid drink. After a long time in American hands, a German company called Bayer bought the company in 1978.

Alka Seltzer

Alka-Seltzer

When it comes to pharmaceutical companies, Bayer has built a solid reputation for collaborating with some of the most successful in the world. As recently as 2004, GlaxoSmithKline and Pfizer reached a joint agreement to use the tagline “Strike Up A Conversation” to increase Levitra sales.

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