Hershey Entertainment and Resorts Company

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Hershey Entertainment and Resorts Company
Formerly called
Hershey Estates
Industry Entertainment and hospitality
Founded 1927 (1927) in Hershey, Pennsylvania, USA
Founder Milton S. Hershey
Headquarters Hershey, Pennsylvania
Key people
Directors: Jane Cooper, Sheila E. Dow-Ford, Richard A. Harvey, Jr., Eric Henry, Jeffrey W. Jones, Joseph M. Senser, President and CEO William F. Simpson, Jr. Chief Financial Officer, Secretary, Treasurer: Dave Lavery; Director Corporate Relations: Garrett Gallia
Services Theme park, attractions, hotels, restaurants
Owner Privately held corporation
Website www.hersheypa.com/index.php


Hershey Entertainment and Resorts Company is a privately held corporation based in Pennsylvania. Milton S. Hershey established HE&R in 1927 to distinguish and separate his chocolate manufacturing company from his other business ventures. All his non-chocolate producing businesses were established as Hershey Estates, later to become Hershey Entertainment and Resorts.[1]

History[edit]

Milton S. Hershey began to build his first chocolate factory in Derry Township, Pennsylvania, where he was born, in 1903. As the company grew, a company town developed that created a positive environment for the workers and their families. Hershey built a community building, department store, convention hall, amusement park, swimming pool and many schools.[2]

During the 1920s in the United States the stock market became an excellent place for businesses to raise capital. In 1927 Hershey decided the time was right to reorganize his business by selling shares to the public. The Hershey Chocolate Company was incorporated, went public, and became the Hershey Chocolate Corporation. All of Hershey’s other non-chocolate business endeavors were incorporated into a separate entity known as Hershey Estates. In this way Hershey was able to continue to fund all his community projects. He also created a third corporate entity, Hershey Corporation, for his Cuban businesses. Hershey’s Estates later became Hershey Entertainment and Resorts Company. [3][1]

The childless Hershey had previously founded a trust in 1909 to establish the Hershey Industrial School for orphan boys, later renamed the Milton Hershey School. The Hershey Trust inherited Hershey Estates, Hershey Corporation, and a majority of the voting stock in Hershey Chocolate Corporation. The sugar operations in Cuba were sold in 1947 to the Cuban Atlantic Sugar Corporation.[4] Hershey Chocolate changed its name to Hershey Foods Corp in 1968,[5] and in 2005, to The Hershey Company.[6]

The "Hershey Dairy" in that listing should not be confused with Hershey Creamery, the manufacturers of Hershey Ice Cream. The creamery was founded in 1894 by Jacob N. Hershey, whose family was unrelated to Milton Hershey.[7]

In 1976, the company changed its name from Hershey Estates to HERCO, Inc. and then in 1980 to Hershey Entertainment and Resorts, Inc.[3]

On January 1, 2013, William F. Simpson Jr. replaced Ted Kleisner as the CEO of Hershey Entertainment. Kleisner will remain a member of the board of directors.[8]

Company divisions[edit]

There are two main divisions of the Hershey Entertainment and Resorts Company: Hershey Entertainment Group and the Hershey Resorts Group.[9]

Hershey Entertainment Group[edit]

Hershey Resorts Group[edit]

  • Hotel Hershey
    • The Spa at The Hotel Hershey
    • The Jeweler at The Hotel Hershey
    • Circular Dining Room - Fine American Contemporary Cuisine
    • Iberian Lounge
    • Trevi 5 - Authentically Modern Italian Grill
    • Harvest - Genuine American Cuisine
  • Hershey Lodge
    • The Bear's Den - Casual Sports-themed restaurant
    • Hershey Grill - Contemporary Cuisine with upscale casual ambiance
    • Lebbie Lebkicher's - Classic and specialty breakfast items
    • The Forebay - Premium steaks, seafood and pasta served in a cozy loft setting
  • Hershey Country Club
  • Hersheypark Camping Resort
  • Houlihan's
  • Devon Seafood Grill - Premium Seafood
  • Cocoa Beanery - Specialty coffees, lattes, cappuccinos, pastries and lunch items
  • Cafe Zooka - Gourmet sandwiches, paninis, soups, salads, coffees and exotic chocolate desserts

See also[edit]

References[edit]

  1. ^ a b "The Hershey Company". Hershey Entertainment and Resorts. Retrieved 20 January 2015. 
  2. ^ "The Hershey Company". The Hershey Company. Retrieved 20 January 2015. 
  3. ^ a b The Hershey Archives
  4. ^ P. A. Staples
  5. ^ Convenience Store Decisions
  6. ^ Name change
  7. ^ "Hershey Creamery, a multibagger or mediocre?". Oddballstocks.com. Oddball Stocks. 4 April 2012. Retrieved 20 January 2015. Hershey Creamery is a completely separate company and has no relation to Hershey the candy company located in Hershey PA which is just down the road from Harrisburg. 
  8. ^ Gleiter, Sue (November 25, 2012). "Hershey Entertainment's new CEO expects updates at Hersheypark, restaurants". The Patriot-News. Retrieved November 30, 2012. 
  9. ^ "Hershey, PA About Hershey Who is Hershey Entertainment & Resorts? Find ThiAbout: Hershey Entertainment & Resorts". Hersheypa.com. Retrieved 20 January 2015. 

External links[edit]