Holiday Retirement

Holiday Retirement is a privately held company headquartered in Lake Oswego, Oregon. Holiday Retirement currently operates more than 300 retirement living communities in the U.S. and is the second largest provider of senior living.

William E. Colson and his father Hugh Colson founded Holiday Management Company in Salem, Oregon in 1971. William Colson also served as President and Managing General Partner for Holiday Management Company’s in-house Colson & Colson General Contractor, Inc. The company’s first community, Kamlu Retirement Inn-Vancouver, opened in Vancouver, Washington on November 1, 1971. Holiday Management Company added a second community, Edgewood Downs, in Beaverton, Oregon on June 1, 1977.

Holiday Retirement’s first nine communities were exclusively in the western region of the United States (Washington, Oregon, California, and Idaho). The company first expanded east by opening Harrison Regent in Ogden, Utah on July 1, 1985. Communities were also built in Pueblo, Colorado; Colorado Springs, Colorado; and Amarillo, Texas in 1985. The Victorian became Holiday Retirement’s first Canadian community, opening on August 1, 1987 in Victoria, British Columbia; however, Holiday Retirement sold its Canadian communities in 2014.

The company's name changed to Holiday Retirement in 1987, and it added multiple communities to the portfolio every year from 1988 to 2009. The company's largest growth occurred in 1998 and 1999 with the addition of 22 properties in each year.

Colson sold Holiday Retirement in 2007 to Fortress Investment Group LLC of New York. Colson died of colon cancer on May 20, 2007.

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