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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.
The Residence Inn chain was launched in 1975 in Wichita, Kansas by Jack DeBoer, and acquired by Marriott Corporation in 1987. As of April 2005, there were over 450 Residence Inn hotels in the United States, Canada, and Mexico.
Extended Stay America was founded on January 9, 1995 in Fort Lauderdale, Florida by George D. Johnson, Jr. and Wayne Huizenga, both former executives from Viacom and its subsidiary Blockbuster LLC. [2]
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 ]
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) owns a stock portfolio worth roughly $300 billion with about four dozen individual stocks in it. Legendary stock-picker Warren Buffett himself hand ...
Hospitality International was founded in 1985 when the Red Carpet Inn and Scottish Inns chains merged. [ 1 ] [ 2 ] It was first headquartered in Biloxi, Mississippi before moving to Tucker, Georgia .