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The TownePlace Suites brand was first used in 1997 in Newport News, Virginia. By 2002, Marriott International had expanded the use of the brand to 100 locations, making it the company's fastest-growing brand. In 2006, the lobbies and suites of TownePlace Suites were redesigned.
The brand name comes from the Fairfield Farm in Hume, Virginia, which J. Willard Marriott purchased as a family retreat. Originally owned by the King of England, the farm reminded Marriott of the western ranches of his childhood. After being refurbished in 1997, Fairfield Farm opened as Marriott's only bed and breakfast, The Inn at Fairfield ...
English: Logo of TownePlace Suites, an American hotel chain operating in the United States and Canada, part of Marriott International. ... TownePlace Suites by Marriott;
Home2 Suites by Hilton is an American all-suite extended-stay hotel featuring contemporary accommodations and customizable guest room design. It competes with TownePlace Suites by Marriott and InterContinental Hotels Group's Candlewood Suites. The Memphis, TN originated hotel brand targets both business and leisure travelers. [4]
However, larger companies like Marriott use their market power to negotiate the lowest rates from those agents. [10] Twelve months after a conversion to the Autograph Collection, independent hotels have experienced an average RevPAR percentage increase of 19.8 percent and an average RevPAR index percentage change of 12.5 percent. [5]
The stunning rally in US stocks this year caught Wall Street's top forecasters off guard, with most analysts far less upbeat heading into 2024.