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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 ...
ExecuStay was founded in 1987 and was one of the first corporate housing providers to offer its stock for sale to the public in August 1997. ExecuStay Corporation was purchased by Marriott International in 1999, and was renamed ExecuStay by Marriott. [1] In March 2002, the name was changed to Marriott ExecuStay.
Kimco Realty Completes the Sale of InTown Suites NEW HYDE PARK, N.Y.--(BUSINESS WIRE)-- Kimco Realty Corp. (NYS: KIM) , North America's largest owner and operator of neighborhood and community ...
The first Everhome Suites location opened on September 29, 2022, in Riverside, California, after delays due to the COVID-19 pandemic. [ 62 ] On June 13, 2022, Choice Hotels agreed to purchase Radisson Hotels Americas for $675 million, acquiring the Radisson franchise agreements, operations and intellectual property in the United States, Canada ...
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 .
In April 2015, RLHC acquired GuestHouse International, LLC and its two brands, GuestHouse International and Settle Inn & Suites, from Boomerang Hotels in a deal with up to $10 million. [ 20 ] [ 21 ] The acquisition more than doubled Red Lion's size from 57 properties to 130 [ 22 ] properties and added 5,187 rooms to its portfolio.
Downtowner Inns, a limited-service brand with four locations [3] [4]; Master Host Inns, a mix of hotels and resorts with four locations [3]; Passport Inns, a limited-service brand with 14 locations [3]
North America Europe Middle E. & Africa Asia & Pacific Caribbean Latin Am. Total 2015 [11]: Properties 5 78 83 Rooms: 911: 9,551: 10,462 2016 [12]: Properties
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