InTown Suites is an American chain of extended stay properties in the United States, headquartered in Atlanta, GA. InTown Suites has 196 locations in 22 states.
Currently, InTown Suites offers affordable weekly and monthly rates, depending on market and seasonality. The product offering falls between a traditional hotel and an apartment, with an average length of stay approaching 16 weeks.
The company owns and operates all of its locations, rather than franchising them.[1]
Historyedit
Intown Suites was founded in 1988 by David Vickers.[2] During two decades of existence, Intown Suites has proved to be a very successful business, and is currently one of the fastest growing extended-stay chains. In June 2013, 50 properties were purchased by Starwood Capital Group.[3]
In 1998, Intown Suites expanded from 26 to 76 properties in a $150 million investment, an alternative to going public. In 2001, Intown Suites had a room occupancy rate of 87%, compared with a 73% average for the entire industry.[4] In 2002, Intown Suites expanded by purchasing Suburban Lodges of America for $99 million,[5] four years later they acquired SuiteOne hotels.[6] In 2007, InTown Suites purchased another 12 Suburban Lodge locations in Georgia, Florida and Alabama, plus two additional Suburban Lodge locations in Houston, Texas a year later. In 2014, the company purchased four Savannah Suites location in Hampton Roads, Virginia. In May 2015, the company added another 50 locations. From 2017 to 2019, the company added 8 locations under the Uptown Suites brand.
Referencesedit
^Remco Software, Inc. Case Study (n.d.). (PDF). Archived from the original (PDF) on 2011-07-15.
^Wilbert, Caroline (August 20, 2002). "Extended-Stay Hotels' Business Remains Sweet in a Sour Economy". The Atlanta Journal-Constitution.
^"Starwood scores $265M refi for portfolio of InTown, Uptown hotels".
^"InTown Suites Completes Suburban Lodge Acquisition; InTown Suites Becomes Largest Owner/Operator of Economy Extended-Stay Hotels". Business Wire. May 1, 2002.
^Poole, Shelia M. (January 30, 2002). "Atlanta-Based Hotel Companies to Merge". The Atlanta Journal-Constitution.
^. www.biz-stay.com. Archived from the original on 2007-10-13. Retrieved 2007-11-27.
External linksedit
Official website
This article about a hotel or resort in the United States is a stub. You can help Wikipedia by expanding it.
intown, suites, american, chain, extended, stay, properties, united, states, headquartered, atlanta, locations, states, company, typeprivateindustrylodging, extended, stayheadquartersatlanta, gawebsitewww, intownsuites, contents, rates, services, history, refe. InTown Suites is an American chain of extended stay properties in the United States headquartered in Atlanta GA InTown Suites has 196 locations in 22 states InTown SuitesCompany typePrivateIndustryLodging extended stayHeadquartersAtlanta GAWebsitewww wbr intownsuites wbr com Contents 1 Rates and services 2 History 3 References 4 External linksRates and services edit nbsp InTown Suites location in Houston TXCurrently InTown Suites offers affordable weekly and monthly rates depending on market and seasonality The product offering falls between a traditional hotel and an apartment with an average length of stay approaching 16 weeks The company owns and operates all of its locations rather than franchising them 1 History editIntown Suites was founded in 1988 by David Vickers 2 During two decades of existence Intown Suites has proved to be a very successful business and is currently one of the fastest growing extended stay chains In June 2013 50 properties were purchased by Starwood Capital Group 3 In 1998 Intown Suites expanded from 26 to 76 properties in a 150 million investment an alternative to going public In 2001 Intown Suites had a room occupancy rate of 87 compared with a 73 average for the entire industry 4 In 2002 Intown Suites expanded by purchasing Suburban Lodges of America for 99 million 5 four years later they acquired SuiteOne hotels 6 In 2007 InTown Suites purchased another 12 Suburban Lodge locations in Georgia Florida and Alabama plus two additional Suburban Lodge locations in Houston Texas a year later In 2014 the company purchased four Savannah Suites location in Hampton Roads Virginia In May 2015 the company added another 50 locations From 2017 to 2019 the company added 8 locations under the Uptown Suites brand References edit Remco Software Inc Case Study n d InTown Suites Manages Data from 100 Properties with the Corporate Reporting Module PDF Archived from the original PDF on 2011 07 15 Wilbert Caroline August 20 2002 Extended Stay Hotels Business Remains Sweet in a Sour Economy The Atlanta Journal Constitution Starwood scores 265M refi for portfolio of InTown Uptown hotels InTown Suites Completes Suburban Lodge Acquisition InTown Suites Becomes Largest Owner Operator of Economy Extended Stay Hotels Business Wire May 1 2002 Poole Shelia M January 30 2002 Atlanta Based Hotel Companies to Merge The Atlanta Journal Constitution Corporate Housing and Extended Stay Hotels Biz stay com www biz stay com Archived from the original on 2007 10 13 Retrieved 2007 11 27 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 InTown Suites amp oldid 1203450207, wikipedia, wiki, book, books, library,
