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Lightstone acquired Extended Stay Hotels for a total of $8.1 billion, making Lightstone the parent company of one of the largest mid-priced hotel brands in the United States. At the time, it was said the hotel group had 683 hotels across 44 US states and Canada. [12] Extended Stay later sought bankruptcy protection due to the Great Recession. [2]
In July 2010, an investment consortium made up of Blackstone, Paulson & Co., and Centerbridge Partners bought Extended Stay America through a bankruptcy auction for US$3.93 billion. [10] After its successful reorganization, Extended Stay America emerged from bankruptcy in October 2010. A year after the bankruptcy, Blackstone was sued by ...
The city population was 155,984 at the 2020 U.S. Census, making Lakewood the fifth most populous city in Colorado and the 167th most populous city in the United States. [1] Lakewood is a suburb of Denver and is a principal city of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and a major city of the Front Range Urban Corridor.
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 ] The first two Extended Stay America hotels opened in August 1995 in Spartanburg, South Carolina and Marietta, Georgia. [ 3 ]
H. Hawthorn Suites. Home2 Suites by Hilton. Homestead Studio Suites Hotels. Homewood Suites by Hilton. Hyatt House (Hyatt Hotels Corporation)
The Stanley Hotel is a 140-room Colonial Revival hotel in Estes Park, Colorado, United States, about five miles from the entrance to Rocky Mountain National Park. It was built by Freelan Oscar Stanley , co-founder of the Stanley Motor Carriage Company , and opened on July 4, 1909, as a resort for upper-class Easterners and a health retreat for ...
In 1996, Choice Hotels introduced its first extended-stay hotel brand, MainStay Suites, which was advertised as the first mid-price extended-stay chain. [29] The first MainStay Suites location opened in Plano, Texas in November 1996. In 1997, the Friendship Inn brand was eliminated, with its locations being converted to the Rodeway brand. [30]
Motel 6. 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. Motel 6 also operates Studio 6, a chain of extended-stay hotels.
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