The Parking Spot

Not to be confused with The Parking Space.
The Parking Spot
Company typeSubsidiary
IndustryAirport Parking
Founded1998[1]
Headquarters
Chicago, Illinois
Area served
United States
Key people
Jeff Foland, CEO[2]
OwnerGreen Courte Partners LLC.
Websitetheparkingspot.com

The Parking Spot is an off-airport parking company based in Chicago, Illinois. Founded in 1998 by Martin Nesbitt, the company grew quickly to become a distinctive brand with hundreds of millions of passengers annually.[3] The company's first backer was Penny Pritzker, a member of the prominent Pritzker family that founded and largely owns Hyatt.[4]

The Parking Spot has 38 locations across 22 U.S. airports, as of 2023.[5]

In 2011, The Parking Spot was sold to real estate investment group Green Courte Partners LLC for $360 million.[6] Its loyalty rewards program, The Spot Club, crossed the million-member mark in 2016.[7] In August 2019, the company announced a partnership with SpotHero, a digital parking marketplace, to allow for booking through their interface.[8][9]

  1. ^ "About Airport Parking | the Parking Spot".
  2. ^ "PE-backed the Parking Spot hires Foland as president and CEO". 13 November 2018.
  3. ^ Sharkey, Joe (2007-11-06). "The Lowly Parking Garage With the Colorful Identity". The New York Times. ISSN 0362-4331. Retrieved 2023-03-21.
  4. ^ Bianchi, Alessandra (2007-05-10). "Airport parking at its finest". CNNMoney.
  5. ^ "Off-Site Airport Parking Local Directory | The Parking Spot". www.theparkingspot.com. Retrieved 2023-03-21.
  6. ^ Sachdev, Ameet; Harris, Melissa (2011-12-09). "Pritzker Realty sells parking lot chain to private equity firm". Chicago Tribune. Retrieved 2016-12-04.
  7. ^ "The Parking Spot Introduces Tiered Benefits Program. - Free Online Library". www.thefreelibrary.com. Retrieved 2023-03-21.
  8. ^ "SpotHero and The Parking Spot Announce Preferred Partnership to Power Digital Parking Reservations Near Airports Nationwide". www.businesswire.com. 2019-08-29. Retrieved 2019-09-27.
  9. ^ McCartney, Scott (7 August 2019). "Finally, Tracking for the Hotel Shuttle Van". Wall Street Journal.