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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 company-owned Suburban Lodges were purchased by InTown Suites in 2002, while the franchise locations became Suburban Extended Stay Hotels. [38] In 2022, the chain was rebranded as Suburban Studios. [39] In 2008, Choice Hotels was the first industry chain to establish a "soft brand", Ascend Hotel Collection.
TownePlace Suites is a brand operated by Marriott International. The chain is part of the mid-tier extended stay lodging segment of the hospitality industry and consists of all-suites hotels. The chain is part of the mid-tier extended stay lodging segment of the hospitality industry and consists of all-suites hotels.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States.It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
Residence Inn by Marriott is a brand of extended stay hotels. As of June 1, 2021 [update] , 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.
In 2004, IHG acquired the Candlewood Suites brand, a midscale extended stay hotel brand with 108 franchised properties in the United States, for $15 million. [ 23 ] [ 24 ] IHG divested its soft drink holdings in 2005, selling its 48 percent stake in Britvic for £371 million through an initial public offering .