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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 ...
Motel 6 is an American chain of motels with locations in the United States and Canada. The chain was founded in Santa Barbara, California, in 1962 by William W. Becker and Paul Greene, and derives its name from the fact that rooms initially cost only six dollars.
By 2004, Ibis operated 700 hotels in 36 countries. [8] From 2003 to 2005, Ibis opened in South Korea, [9] China [10] and Thailand. [11] In October 2009, Ibis reached the 100,000 rooms milestone [12] and opened its first hotel in Moscow, [13] followed by a 50th hotel in Brazil [14] and a first hotel in Japan. [15]
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 ...
Cobblestone Hotel & Suites and Cobblestone Inn & Suites are upper-midscale hotels; the brand consists primarily of newly constructed properties. [5] Boarders Inn & Suites are mid-scale hotels that are brand conversions. [6] Centerstone Hotels are upper economy conversion hotels. [7] KeyWest Hotels are economy hotels that are both conversion and ...
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. [ 23 ] [ 24 ] IHG divested its soft drink holdings in 2005, selling its 48 percent stake in Britvic for £371 million through an initial public offering .
A West Des Moines-based company that grew rapidly as it helped small business owners obtain federal tax credits related to the COVID-19 pandemic has announced its latest round of layoffs.
Quality Inn in St. Augustine Beach. Quality Inn was founded in 1939 as Quality Courts United, which was the first hotel chain in the United States.By 1946, the association grew to 50 hotels and to 100 hotels by 1952. [3]