It was established in 1969 as a subsidiary of Anheuser-Busch, Inc. (AB), the largest brewing company in the United States, which is based in St. Louis, Missouri.
[2] Notable among BPI developments were the Kingsmill Resort, the Kingsmill planned community residential development, Busch Office Park at McLaws Circle, and Busch Commerce Park, all located near the company's brewery in James City County near Williamsburg, Virginia.
[3] On June 24, 2010 it was announced by Robin Carson, Executive VP with BPI, that BPI has decided not to exercise the option to bid for or extend its agreement to provide management services to the Kingsmill Community Services Association after December 31, 2010.
This coupled with the InBev sale in October, 2009 of Busch Gardens Williamsburg, Water Country USA and eight other theme park to Blackstone Group significantly reduces the amount of real estate BPI is managing.
[5] Owned by Denver-based billionaire Philip Anschutz since, 2008, prior to the Kingsmill announcement, Xanterra was operating about three dozen hotels and lodges with more than 5,000 guest rooms combined, with over 8,000 employees.