Baymont Inn & Suites is a hotel franchise owned by Wyndham Hotels & Resorts and based in the United States.[2] As of December 31, 2018, it has 513 properties with 40,541 rooms.[1]
The chain began as an idea by the former CEO of Marcus Corporation, Steven Marcus to create a limited-service, discount-priced motel chain. The first property, located in Oshkosh, Wisconsin, opened in 1973 and was named Budgetel (the property later became a La Quinta Inn).[citation needed] A prototype hotel was designed in 1984 in the form of a long, linear three or four story boxlike building covered by precast concrete slabs. This design gave the Budgetel hotels a distinctive appearance. Today, however, Baymont properties can have a variety of appearances, and some have been converted from other brands. Each hotel features oversized rooms and interior corridors.[3]
Development since 2000edit
The name was changed to Baymont Inn in early 1999. In July 2004, Marcus Corporation sold the Baymont chain to the La Quinta Corporation, the Dallas parent of La Quinta Inns and La Quinta Inns & Suites. In November 2005, La Quinta was sold to affiliates of the Blackstone Group for approximately $3.4B.[citation needed] Following that acquisition, Blackstone converted certain Baymont Inns to La Quinta and in March 2006, Blackstone sold the Baymont brand name to what was then the Cendant Hotel Group (since renamed Wyndham Hotels & Resorts). America's Best Franchising revived the Budgetel name in 2008 for a new chain.[4]
As of January 2016, there are over 400 Baymont Inns and Suites open in the United States.[5] Former Baymont Inns retained by Blackstone Group has since transitioned to that company's La Quinta Inn brand.[6] Most locations are in the South and the Midwest, with a handful of locations in California.
Entrepreneur listed Baymont as one of the fastest-growing franchises in 2016.[7]
Referencesedit
^ ab"Wyndham Hotels & Resorts, Inc" (PDF). Securities and Exchange Commission. Retrieved 19 September 2023.
^"Reservations, Deals, Room Rates & Rewards". Baymont Inn and Suites Hotels.
baymont, suites, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, august, 20. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Baymont Inn amp Suites news newspapers books scholar JSTOR August 2021 Learn how and when to remove this message Baymont Inn amp Suites is a hotel franchise owned by Wyndham Hotels amp Resorts and based in the United States 2 As of December 31 2018 it has 513 properties with 40 541 rooms 1 Baymont Inn amp SuitesCompany typeSubsidiaryFounded1973 51 years ago 1973 HeadquartersParsippany New JerseyNumber of locations513 December 31 2018 1 ProductsHotelsParentWyndham Hotels amp ResortsWebsitewww wbr baymontinns wbr com Contents 1 History 1 1 Foundation 1 2 Development since 2000 2 References 3 External linksHistory edit nbsp Baymont Inn in Romulus Michigan Foundation edit The chain began as an idea by the former CEO of Marcus Corporation Steven Marcus to create a limited service discount priced motel chain The first property located in Oshkosh Wisconsin opened in 1973 and was named Budgetel the property later became a La Quinta Inn citation needed A prototype hotel was designed in 1984 in the form of a long linear three or four story boxlike building covered by precast concrete slabs This design gave the Budgetel hotels a distinctive appearance Today however Baymont properties can have a variety of appearances and some have been converted from other brands Each hotel features oversized rooms and interior corridors 3 Development since 2000 edit The name was changed to Baymont Inn in early 1999 In July 2004 Marcus Corporation sold the Baymont chain to the La Quinta Corporation the Dallas parent of La Quinta Inns and La Quinta Inns amp Suites In November 2005 La Quinta was sold to affiliates of the Blackstone Group for approximately 3 4B citation needed Following that acquisition Blackstone converted certain Baymont Inns to La Quinta and in March 2006 Blackstone sold the Baymont brand name to what was then the Cendant Hotel Group since renamed Wyndham Hotels amp Resorts America s Best Franchising revived the Budgetel name in 2008 for a new chain 4 As of January 2016 there are over 400 Baymont Inns and Suites open in the United States 5 Former Baymont Inns retained by Blackstone Group has since transitioned to that company s La Quinta Inn brand 6 Most locations are in the South and the Midwest with a handful of locations in California Entrepreneur listed Baymont as one of the fastest growing franchises in 2016 7 References edit a b Wyndham Hotels amp Resorts Inc PDF Securities and Exchange Commission Retrieved 19 September 2023 Reservations Deals Room Rates amp Rewards Baymont Inn and Suites Hotels Motel in America p 207 208 full citation needed Lodging Staff October 24 2014 Budgetel Lodging Hospitality Lodging Systems Sign Licensing Agreement Lodging Industry News Cendant Hotel Group to Acquire Baymont Inn amp Suites Lodging System Wired Hotelier Blackstone sells Baymont to Cendant Hotel amp Motel Management Archived from the original on 2007 09 28 Retrieved 2007 07 10 Stapp Herold Tracy February 2016 Learn What Fuels the Fastest Growing Franchises of the Year Entrepreneur External links editOfficial website This article about a hotel or resort in the United States is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Baymont Inn 26 Suites amp oldid 1220569059, wikipedia, wiki, book, books, library,
