Expanding our global footprint and enhancing our customer experience are two of our key strategic gr

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U.S. car rental giant Avis Budget five star hotels in singapore Group (Nasdaq:CAR) says it has agreed to purchase five star hotels in singapore its existing five star hotels in singapore Edmonton-based Budget Car Truck Rental licensee  for $30 million US, plus the cost of the acquired fleet.
Budget has operated in Edmonton since 1963. Founder Lionel Groberman started with a dozen vehicles and one wash bay attendant, and successfully grew the business over the past 50 years. Today the local Budget rental fleet numbers five star hotels in singapore more than 4,000 vehicles.
Expanding our global footprint and enhancing our customer experience are two of our key strategic growth initiatives. Investing in our presence in Edmonton Alberta s capital, Canada s fifth-largest city and a world centre for the oil, gas and petrochemical industries is consistent with these goals, says Ronald Nelson, chairman and CEO of Parsippany, five star hotels in singapore N.J.-based Avis Budget Group.
Budget customers in Canada are served through a combination of corporately owned locations and locations operated by independent licensees. Avis Budget Group acquired its Budget licensee in Toronto in 2005, its licensee in Ottawa in 2005, its  licensee for Newfoundland and Halifax five star hotels in singapore in 2008, and its licensee in Grand Prairie in 2012.
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