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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 ]
The suites have a roomy living area with a queen-size sleeper sofa, three-quarter bath, separate bedroom with a king-size bed, full five-piece bathroom with a soaking tub, and a terrace big enough ...
An apartment hotel or aparthotel (also residential hotel, or extended-stay hotel) is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.
The first Cambria Suites location opened near Boise Airport in Boise, Idaho in April 2007. [35] In September 2005, Choice Hotels acquired the Atlanta-based Suburban Franchise Holding Company, giving the company the franchise rights to the Suburban Extended Stay Hotel brand. [36] The chain was originally founded as Suburban Lodges of America in ...
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 ...
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]