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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]
Some of these notable buildings included the Majestic Hotel (1898) and the Piedmont Hotel (1903). [6] [7] Also starting around this time, several hotels opened on Hotel Row near the newly opened Terminal Station in South Downtown. Among these was the Terminal Hotel, built in 1906 by prominent Atlanta businessman Samuel M. Inman. [8]
They acquired the Suburban Extended Stay hotel chain in 2005, with over 150 hotels open and under development. 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 ...
According to historian Franklin Garrett, the hotel was often referred to by locals as "our New York City hotel". [11] In 1906, Atlanta's first storefront theater, a nickelodeon called the Peachtree Theatorium, opened in the hotel's lobby. [1] The following year, a guide book called the Piedmont the largest hotel in the city. [12]
The first two Extended Stay America hotels opened in August 1995 in Spartanburg, South Carolina and Marietta, Georgia. [3] The company became a public company via an initial public offering on December 14, 1995. [4] Extended Stay America acquired the extended-stay hotel chain StudioPLUS on April 11, 1997. [5]
The hotel was also notable for its Peachtree Ballroom, which was the largest in Atlanta when it opened, seating 3,500 people. [14] It has since been surpassed by the Georgia International Convention Center, which lays claim to having the largest ballroom in the state of Georgia. [15] Westin Peachtree, center, background, Atlanta skyline
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