Gary Tharaldson
Encyclopedia
Gary Tharaldson is an American
entrepreneur
and founder of the Tharaldson Companies.
Gary Tharaldson was born in and grew up in Dazey, North Dakota
. He graduated from Valley City State University
with degrees in Business Administration and Physical Education. He did graduate work at North Dakota State University
in Fargo and taught school in Leonard, North Dakota
for two years.
Tharaldson Hospitality builds and operates hotels across the United States. Tharaldson Companies was established in 1982 by Gary Tharaldson, with the purchase of a Super 8 Motel in Valley City, North Dakota
. Gary Tharaldson is listed among the 1998 Forbes 400
Richest Americans, and his organization, since its establishment, has grown to be one of America's largest developers of new hotels.
In March 2006, the Tharaldson Family sold 130 hotels to the Whitehall Real Estate Fund (Division of Goldman Sachs
) for $1.2 billion in cash. The proceeds from the transaction have mostly been invested in key land properties around the nation. The assets are being managed by Diversified Asset Management based in Las Vegas, Nevada
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
and founder of the Tharaldson Companies.
Gary Tharaldson was born in and grew up in Dazey, North Dakota
Dazey, North Dakota
Dazey is a city in Barnes County, North Dakota in the United States. The population was 104 at the 2010 census. Dazey was founded in 1883 after a local farmer, Charles Dazey, donated land to start a townsite.-Geography:...
. He graduated from Valley City State University
Valley City State University
Valley City State University is an institution of higher learning in Valley City, North Dakota, part of the eleven-member North Dakota University System. Founded in 1890 as a territorial normal school, VCSU offers four-year degrees in a number of fields in five academic divisions and graduate...
with degrees in Business Administration and Physical Education. He did graduate work at North Dakota State University
North Dakota State University
North Dakota State University of Agriculture and Applied Sciences, more commonly known as North Dakota State University , is a public university in Fargo, North Dakota. NDSU has about 14,000 students and it is the largest university in North Dakota based on full time students and land size...
in Fargo and taught school in Leonard, North Dakota
Leonard, North Dakota
As of the census of 2000, there were 255 people, 116 households, and 74 families residing in the city. The population density was 514.9 people per square mile . There were 124 housing units at an average density of 250.4 per square mile . The racial makeup of the city was 98.04% White, 1.18% Native...
for two years.
Tharaldson Hospitality builds and operates hotels across the United States. Tharaldson Companies was established in 1982 by Gary Tharaldson, with the purchase of a Super 8 Motel in Valley City, North Dakota
Valley City, North Dakota
As of the census of 2000, there were 6,826 people, 2,996 households, and 1,668 families residing in the city. The population density was 2,062.5 per square mile . There were 3,250 housing units at an average density of 982.0 per square mile...
. Gary Tharaldson is listed among the 1998 Forbes 400
Forbes 400
The Forbes 400 or 400 Richest Americans is a list published by Forbes Magazine magazine of the wealthiest 400 Americans, ranked by net worth. The list is published annually in September, and 2010 marks the 29th issue. The 400 was started by Malcom Forbes in 1982 and treats those in the list like...
Richest Americans, and his organization, since its establishment, has grown to be one of America's largest developers of new hotels.
In March 2006, the Tharaldson Family sold 130 hotels to the Whitehall Real Estate Fund (Division of Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
) for $1.2 billion in cash. The proceeds from the transaction have mostly been invested in key land properties around the nation. The assets are being managed by Diversified Asset Management based in Las Vegas, Nevada
Las Vegas, Nevada
Las Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
.