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From Wikipedia, the free encyclopedia

InTown Suites

Private

location = Atlanta, GA
Industry Lodging, extended stay
Website www.intownsuites.com

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.

Rates and services

Image on InTown Suites location in early morning with new logo featuring the words InTown Suites and an icon depicting two birds one orange and one light blue.
InTown Suites location in Houston, TX

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

External links

This page was last edited on 16 September 2018, at 00:30
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