The former gym teacher who built a budget hotel empire and became North Dakota's first billionaire found an easy way to cut costs, and it came down to the location of the hotel's laundry room

Canada News News

The former gym teacher who built a budget hotel empire and became North Dakota's first billionaire found an easy way to cut costs, and it came down to the location of the hotel's laundry room
Canada Latest News,Canada Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Gary Tharaldson, North Dakota's first and only billionaire, built a budget hotel empire and found one particular cost-saving trick.

Forbes officially named Gary Tharaldson the first and only billionaire in North Dakota on June 28. Tharaldson was one of the first motel owners to move the building's laundry room near the lobby so front desk staff could fold laundry when the lobby was empty in the middle of the night, Hilton Senior Vice President Phil Cordell told Forbes. After selling his hotel empire to Goldman Sachs in 2006, Tharaldson started another one, according to Forbes.

Forbes officially named Gary Tharaldson the first and only billionaire in North Dakota on June 28. Tharaldson was one of the first motel owners to move the building's laundry room near the lobby so front desk staff could fold laundry when the lobby was empty in the middle of the night, Hilton Senior Vice President Phil Cordell told Forbes. After selling his hotel empire to Goldman Sachs in 2006, Tharaldson started another one, according to Forbes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump offers to meet North Korea's Kim; North says talks would be 'meaningful'Trump offers to meet North Korea's Kim; North says talks would be 'meaningful'U.S. President Donald Trump said on Saturday he would like to see North Korean l...
Read more »

Chris Martin and Dakota Johnson Reportedly Broke UpChris Martin and Dakota Johnson Reportedly Broke UpThe couple were said to be discussing marriage.
Read more »

Supreme Court allows gerrymandering in North Carolina, MarylandSupreme Court allows gerrymandering in North Carolina, MarylandJUST IN: US Supreme Court rules in 5-4 vote that it cannot decide on the question of partisan gerrymandering, finding that 'partisan gerrymandering claims present political questions beyond the reach of the federal courts.' - PeteWilliamsNBC
Read more »

Trump offers North Korea's Kim weekend meeting in demilitarized zoneTrump offers North Korea's Kim weekend meeting in demilitarized zoneU.S. President Donald Trump has offered to meet Kim Jong Un at the border between North and South Korea. More here:
Read more »

Trump's Iran policy is deepening mistrust in North Korea, experts sayTrump's Iran policy is deepening mistrust in North Korea, experts sayPresident Donald Trump made an extraordinary public offer Saturday to meet North Korean leader Kim Jong Un, inviting him to shake hands “and say hello” in the demilitarized zone between North and South Korea.
Read more »

Trump wraps G-20 summit, says he may cross into North Korean territoryTrump wraps G-20 summit, says he may cross into North Korean territoryDuring a wide-ranging press conference that lasted just over an hour at the conclusion of the G20 summit, President Trump says he just may step across into North Korea.
Read more »



Render Time: 2025-03-06 17:04:11