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Candlewood Suites in Valdosta. The brand's locations are extended-stay hotels focused primarily on rate-sensitive business travelers, also known as corporate transient travelers. Typically corporate transient travelers stay only during the week, leaving the occupancy of the subject hotels lower during the weekend.
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. [21] [22] IHG divested its soft drink holdings in 2005, selling its 48 percent stake in Britvic for £371 million through an initial public offering. [23] [24]
Staybridge Suites and Candlewood Suites, both owned by the InterContinental Hotels Group, are two examples of hotels designed for business and extended stay travelers. Another brand of extended-stay hotels is Homewood Suites, which is part of Hilton Worldwide. One brand came from the merger of Extended Stay America and Homestead Hotels, which ...
Candlewood's controversial background. Getting Candlewood to a place where it could welcome residents was no easy feat. Rupal Chaudhari, a co-owner of Hampton Inn and Homewood Suites, joins ...
Jack Peter DeBoer (January 15, 1931 – March 12, 2021) was an American entrepreneur, hotel innovator, builder, and businessman.He was a founder of five national brands of extended-stay hotels (apartment hotels): Residence Inn, Summerfield Suites, Candlewood Suites, Value Place, and WaterWalk hotels and apartments.
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