InTown Suites
InTown Suites is a chain of extended stay properties in the United States, headquartered in Atlanta, GA. InTown Suites has 188 locations in 22 states.
 | |
| Type | Private |
|---|---|
| Industry | Lodging, extended stay |
| Headquarters | Atlanta, GA |
| Website | www |
Rates and services
Currently, weekly rates range from $159 to $399, depending on market and seasonality. Rooms are typically sold by the week or longer, but 54 locations also sell nightly rooms. 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
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, the company was 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.
References
- 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.
- "404. Page Not Found - Bloomberg" – via www.bloomberg.com. Cite uses generic title (help)
- "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.
