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Three years after being purchased by the city, the former Candlewood Suites motel in Northwest Austin is planned to be opened as a permanent supportive housing complex for older adults this spring.
The Candlewood Suites chain was started in 1995 by Jack Deboer, founder of the Residence Inn and co-founder of the Summerfield Suites chain. The first hotel was built on North Webb Road in Wichita, Kansas, United States, and opened in 1996. From 1995 to 2003, Candlewood Hotel Company franchised and managed hotels throughout the US.
Jack Peter DeBoer (January 15, 1931 – March 12, 2021) was an American entrepreneur, hotel innovator, builder, and businessman.He was a founder of five national brands of extended-stay hotels (apartment hotels): Residence Inn, Summerfield Suites, Candlewood Suites, Value Place, and WaterWalk hotels and apartments.
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. [ 21 ] [ 22 ] IHG divested its soft drink holdings in 2005, selling its 48 percent stake in Britvic for £371 million through an initial public offering .
Its brands comprised America's Best Inn, Country Hearth Inns & Suites, Jameson Inn, 3 Palms Hotel, Parkside Hotels, and Budgetel. [21] Of the brands, America's Best Inn was founded in Marion, Illinois , [ 22 ] The Budgetel name is a revival of a brand which was renamed Baymont Inn & Suites .
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