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In 2001, Intown Suites had a room occupancy rate of 87%, compared with a 73% average for the entire industry. [3] In 2002, Intown Suites expanded by purchasing Suburban Lodges of America for $99 million, [ 4 ] keeping its company-owned properties but spinning off its franchises into Suburban Extended Stay Hotels . [ 5 ]
Residence Inn by Marriott is a brand of extended stay hotels.As of June 1, 2021, there were 874 Residence Inn hotels in the United States, Canada and Mexico with 107,680 rooms, plus an additional 243 hotels with 30,417 rooms in the development pipeline.
TownePlace Suites is a brand ... TownePlace Suites operated 433 hotels in the United States and Canada with 43,953 rooms in addition to 223 hotels with 22,467 rooms ...
At the time of the merger, Extended Stay America operated 475 hotels; Blackstone increased that number with the addition of 132 from Homestead Studio Suites. [ 9 ] [ 10 ] Homestead, which was founded by Security Capital in 1992, had been acquired by Blackstone in November 2001 for US$740 million.
Homewood Suites by Hilton is an American chain of all-suite residential-style hotels owned by Hilton Worldwide.As of December 2019, the chain consists of 505 hotels in 4 countries and territories with 57,545 rooms. 490 Homewood Suites hotels are independently owned and operated by franchisees with 55,899 rooms, while 15 hotels are managed with 1,646 rooms. [1]
Hilton Garden Inn is an American chain of full-service [2] hotels targeting business and leisure travelers looking for an upscale experience. [ 2 ] [ 3 ] The brand is owned by Hilton Worldwide . As of December 2019 [update] , it has 862 properties with 126,086 rooms in 49 countries and territories, including 81 that are managed with 15,678 ...
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