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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 ]
It had charged $6 per night before taxes for a room when it first opened in 1962. [19] Sixty years later, during the late summer of 2022, the first Motel 6 was reportedly charging $426 per night for a room, before taxes. [19] In September 2024, Indian hospitality chain Oyo Rooms agreed to buy Motel 6 and Studio 6 in an all-cash deal worth $525 ...
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]
This suburban Kansas City restaurant has been quietly turning heads with its contemporary American cuisine and upscale atmosphere, earning honors from Wine Spectator and The Diner's Club, among ...
Unlike Samuel L. Jackson, John Travolta had seen his name on marquees long before he took the role of Jules' wisecracking partner Vincent Vega in Pulp Fiction. Travolta rose to fame in the ’70s ...