Tracking stock or targeted stock are specialized equity offerings issued by a company that is based on the operations of a wholly owned subsidiary of a diversified firm.
 Therefore, the tracking stock will be traded at a price related to the operations of the specific division of the company being "tracked".
 Tracking stock typically has limited or no voting rights.
 Often, the reason for doing so is to separate a high-growth division from a larger parent company.
 The parent company and its shareholders remain in control of the subsidiary's or unit's operations.
Hainan HNA Infrastructure Investment Group Co., Ltd. formerly Hainan Island Construction Co., Ltd. is a Chinese listed company based in Haikou.
 in mid-2016 the company acquired HNA Infrastructure Group () in a reverse IPO from intermediate parent company HNA Infrastructure Holding Group (), which HNA Infrastructure Group is the parent company of HNA Real Estate and HNA Airport Group (, in turn HNA Airport Group is the parent company of HNA Airport Holdings (Group) () and HNA Airport Holdings is the parent company of Sanya Phoenix International Airport Co., Ltd.); HNA Airport Group is the largest shareholder of Haikou Meilan International Airport (19.58% as at October 2016), which in turn the largest shareholder of Hong Kong listed company HNA Infrastructure.
 In December 2016 a proposed capital increase of the HK-listed company was announced.
 HNA Infrastructure Investment Group would purchase a minority share directly.
 Haikou Meilan International Airport was the second-largest shareholder of Hainan Airlines; Hainan Airlines, however, also owned a minority stake in Haikou Meilan International Airport.
SM-Chile is a holding company for Banco de Chile.
 Until 1996, when its Board of Shareholders agreed to become an investment company with exclusive turn, governed by Law No. 19,396, changing its name to Bank of Parent Company Chile SA' Simultaneously, the parent company of Banco de Chile SA created a commercial bank under the name Banco de Chile and was transferred all its assets and liabilities, excluding subordinated obligation call with the Central Bank of Chile, obligation undertaken following the banking crisis of the years 1982 - 1984 and the consequent bailout carried out by the Central Bank.
 After this transformation, the sole shareholder of Banco de Chile was the parent company of Banco de Chile SA
In corporate finance, Structural subordination is the concept that a lender to a company will not have access to the assets of the company's subsidiary until after all of the subsidiary's creditors have been paid and the remaining assets have been distributed up to the company as an equity holder.
 For example, if a lender loans money to a parent company, that lender is structurally subordinated to a lender who loaned money to a subsidiary operating company which is lower down in the company organizational structure.
 The operating company lender is structurally senior, and the parent company lender can only be repaid from the operating assets after the operating company lender has been repaid.
Whiskey Media was an American online media company founded independently by CNET co-founder Shelby Bonnie in 2008.
 It was the parent company of Tested, Screened, and Anime Vice, and the former parent company of Giant Bomb and Comic Vine.
 Whiskey Media websites are wiki community based, while maintaining an editorial staff.
 The company's target demographic are focused primarily on males between 10 and 30.
 The name "Whiskey Media" is a reference to a Kentucky distillery that was owned by the family of Shelby Bonnie before prohibition.
 Whiskey Media operates in San Francisco, California, after previously being located in Sausalito.
 On March 15, 2012, Whiskey Media was acquired by Lloyd Braun and Gail Berman's BermanBraun along with Tested, Screened, and Anime Vice while Giant Bomb and Comic Vine were bought separately by CBS Interactive.
Who Owns Whom is a set of annual directories published by GAP Books in association with Dun & Bradstreet (D&B).
 They provide the relationship between companies worldwide showing who is the ultimate parent company and who are their subsidiaries.
 Details include parent name, address and telephone number, country of incorporation and SIC code for each ultimate parent company along with the names of the subsidiaries, where they are based, and who owns whom for each subsidiary.
 The set of directories are broken down into seven geographic regions: UK & Ireland; West Europe; North Europe; South, Central & East Europe; North & South America; Australasia, Asia, Africa & Middle East.
Pivotal Games Limited was a British video game developer based in Corston, England, founded in March 2000 by fifteen ex-Pumpkin Studios employees, after it was shut down by its parent company, Eidos Interactive.
 Led by Jim Bambra, Nick Cook and Alex McLean, of which Bambra and Cook had previously founded Pumpkin Studios in August 1996, the studio was formed under the Kaboom Studios umbrella, in order to establish a publishing relationship to Sales Curve Interactive (SCi, later renamed SCi Games).
 Between 2002 and 2008, Pivotal Games developed all installments in the "Conflict" series, as well as "The Great Escape", based on the film of the same name.
 In September 2003, after financial struggles of parent company Kaboom Studios, who had at that point had already closed down sister studios Attention to Detail and Silicon Dreams Studio, SCi showed interest in acquiring the company.
 Kaboom Studios went into receivership on 9 September 2003, with all remaining assets, including still-active Pivotal Games, being transferred to Ernst & Young for sale.
 On 29 September 2003, SCi acquired Pivotal Games from Ernst & Young for a total of GB£ .
 In May 2005, SCi Games finalised its acquisition and merger with Eidos plc, the parent of Eidos Interactive, which would become in charge of SCi Games' subsidiaries.
 In March 2008, SCi Games closed down fourteen operating projects to counter a GB£ net loss from the preceding fiscal year, leading to rumors that Pivotal Games was also to be closed.
 On 14 July 2008, it was officially announced that the studio was to shut its doors, and 99 staff had already been made redundant, leaving only a team of 10–12 specialist personnel.
 Pivotal Games was closed on 13 August 2008.
The Hertz Corporation, a subsidiary of Hertz Global Holdings Inc., is an American car rental company based in Estero, Florida that operates 9,700 international corporate and franchisee locations.
 As the second-largest US car rental company by sales, locations, and fleet size, Hertz operates in 150 countries, including North America, Europe, Latin America, Africa, Asia, Australia, The Caribbean, the Middle East, and New Zealand.
 The Hertz Corporation owns Dollar and Thrifty Automotive Group - which separates into Thrifty Car Rental and Dollar Rent A Car.
A parent company guarantee (PCG) is a guarantee by a parent company of a contractor’s performance under its contract with its client, where the contractor is a subsidiary of the parent company.
Flexicar is an Melbourne membership-based carsharing service owned by Hertz.
 The company provides automobile reservations to its members, billable by the hour or day.
 Flexicar was co-founded in 2004 by Monique Conheady and five other partners.
 In 2008, Conheady was awarded the Winston Churchill Fellowship to investigate public transport systems all over the world that use the latest technology and incorporate new forms of transport like bicycle sharing.

Question: In which city is Flexicar's parent company Hertz based ? 
Answer: Estero, Florida