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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] In 2006, the company acquired ...
The low-budget extended stay chain Intown Suites was founded in 1988, with 139 locations in 21 states. Since 1999 the U.S. budget lodging chain Motel 6, owned by The Blackstone Group (previously Accor), [1] operates Studio 6, a chain of extended stay hotels with weekly rates. The chain provides a kitchen area in its rooms, and allows pets, and ...
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. All of Blackstone's extended-stay hotels consisting ...
Some of the very deals we've seen this morning are going fast, like this 12-piece towel set for just $15, a pair of two memory foam pillows that's now just $22, a women's fleece top for just $6 ...
The Royal Penthouse Suite at Hotel President Wilson in Geneva, part of The Luxury Collection, billed at US$65,000 per night, is listed at number 1 on the World's 15 Most Expensive Hotel Suites list compiled by CNN in 2012. [22]
Motel 6 is an American chain of motels with locations in the United States and Canada. The chain was founded in Santa Barbara, California, in 1962 by William W. Becker and Paul Greene, and derives its name from the fact that rooms initially cost only six dollars.