 | |
| Company type | Subsidiary |
|---|---|
| Industry | Hotel |
| Founded | 1995 |
| Founders | Jack Deboer, Jim Korroch |
Number of locations | 367 [1] (2022) |
Area served | Worldwide |
| Parent | IHG Hotels & Resorts |
| Website | www |
Candlewood Suites is a hotel chain brand owned by IHG Hotels & Resorts.
The Candlewood Suites chain was started in 1995 by Jack Deboer, founder of the Residence Inn and co-founder of the Summerfield Suites chain. The first hotel was built on North Webb Road in Wichita, Kansas, United States, and opened in 1996.
From 1995 to 2003, Candlewood Hotel Company franchised and managed hotels throughout the US. In January 2004, Candlewood Suites was acquired by IHG. As of September 30, 2007, there were 151 Candlewood Suites hotels currently open, with 187 hotels in the pipeline, with an estimated 50 of these hotels opening during 2007. There are now 342 locations worldwide. Candlewood competes with other value-priced, extended-stay hotels such as TownePlace Suites and Mainstay Suites. [2]
In 2024, IHG announced the entry of the Candlewood Suites brand into the German market as part of a vast franchise and cooperation agreement with German hotel operator Novum Hospitality which in turn will rebrand their current acora living the city appartment hotels to Candlewood Suites. [3]
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. However, with true extended-stay business being over seven days, and often beyond 30 days, it allows the hotel to maintain a higher occupancy average overall. While this occupancy generally comes with a lower average rate or average daily rate (ADR), the revenue per available room sold (RevPAR) is typically higher as a result of the significantly higher occupancy and penetration rate within the respective markets. [2] Consistent with the extended-stay business, housekeeping staff and expense are greatly reduced with the operations of this type of hotel since daily room cleanings are not provided to extended-stay guests. [4]
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator, and other kitchen facilities, upholstered chairs, a flat-screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, a business center with computers, printers, and other office equipment, childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In Japan, capsule hotels provide a tiny room suitable only for sleeping and shared bathroom facilities.
Four Seasons Hotels Limited, trading as Four Seasons Hotels and Resorts, is a Canadian luxury hotel and resort company headquartered in Toronto, Ontario, Canada. Four Seasons currently operates more than 100 hotels and resorts worldwide. Since 2007, Bill Gates and Prince Al-Waleed bin Talal have been majority owners of the company. As of January 2022, Cascade Investment owns 71.25% and Kingdom Holding Company owns 23.75% of the hotel and resort company.
Holiday Inn is an American chain of hotels based in Atlanta, Georgia and a brand of IHG Hotels & Resorts. The chain was founded in 1952 by Kemmons Wilson, who opened the first location in Memphis, Tennessee. The chain was a division of Bass Brewery from 1988-2000, Six Continents from 2000-03, and IHG Hotels & Resorts since 2003. It operates hotels under the names Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, and Holiday Inn Resorts. As of 2018, Holiday Inn has hotels at over 1,100 locations.
Radisson Hotels is an international hotel chain headquartered in the United States. Formerly a division of the Radisson Hotel Group, it operates the brands Radisson (Core), Radisson Blu, Radisson Red, Radisson Collection, Country Inn & Suites, and Park Inn by Radisson, among others, until it was acquired by Choice Hotels in 2022.
InterContinental Hotels Group (IHG), marketed as IHG Hotels & Resorts, is a British multinational hospitality company headquartered in Windsor, Berkshire, England. It is listed on the London Stock Exchange and the New York Stock Exchange. It is also a constituent of the FTSE 100 Index.
Ramada is a large American multinational hotel chain owned by Wyndham Hotels & Resorts. As of December 31, 2022, it operates 851 hotels with 120,344 rooms across 63 countries under the Ramada brand.
Choice Hotels International, Inc. is an American multinational hospitality company based in North Bethesda, Maryland. The company, which is one of the largest hotel chains in the world, owns several hotel brands ranging from upscale to economy. As of the third quarter 2023, Choice Hotels franchised nearly 7,500 hotels, representing nearly 630,000 rooms, in 46 countries and territories.
Holiday Inn Express is an American-based mid-priced hotel chain within the IHG Hotels & Resorts family of brands. Originally founded as an "express" hotel, their focus is on offering limited services at a reasonable price. Standard amenities lean toward the convenient and practical which cater to business travelers and short-term stays. As of September 2019, there are 2,826 Holiday Inn Express hotels featuring over 292,000 rooms worldwide. The chain's concept was intended to target the "upper economy" market segment.
Wyndham Hotels & Resorts, Inc. is an American hotel company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,280 locations. It has a portfolio of 20 hotel brands, including Baymont, Days Inn, Howard Johnson, La Quinta, Ramada, Super 8, Travelodge, and Wyndham.
Baymont Inn & Suites is a hotel franchise owned by Wyndham Hotels & Resorts and based in the United States. As of December 31, 2018, it has 513 properties with 40,541 rooms.
Hawthorn Suites is a chain of hotels in the United States owned by Wyndham Hotels and Resorts.
An apartment hotel or aparthotel is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.
Staybridge Suites is an all-suite, residential-style brand of hotels owned by IHG Hotels & Resorts. The hotels are primarily targeted toward extended-stay and corporate travelers. Over 220 Staybridge Suites hotels are in the United States, Canada, Mexico, Europe and South America.
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.
Vantage Hospitality Group Inc. was an American hotel corporation, operating hotels in the United States and internationally. Its brands include Best Value Inn and Lexington by Vantage. In 2016, Vantage Hospitality Group was acquired by Red Lion Hotels Corporation.
Home2 Suites by Hilton is an American all-suite extended-stay hotel featuring contemporary accommodations and customizable guest room design. It competes with TownePlace Suites by Marriott and InterContinental Hotels Group's Candlewood Suites. The Memphis, TN originated hotel brand targets both business and leisure travelers. Launched in January 2009, Home2 Suites by Hilton was the first new brand introduced by Hilton Worldwide in 20 years. As of December 2019, it has 384 properties with 40,373 rooms in 2 countries and territories, including three that are managed with 313 rooms and 381 that are franchised with 40,060 rooms.
Westmont Hospitality Group is a company nominally based in Mississauga, Ontario, Canada which owns and manages hotels. It was founded by the Mangalji family. It is one of the biggest hospitality management companies. It currently is managed by Majid Mangalji. The total revenue for this company is $700 million.
IHG Army Hotels is a collection of private-sector hotels located on Army installations and Joint Bases throughout the U.S. It is the result of a partnership between InterContinental Hotels Group (IHG) and Lend Lease Group. This partnership was formed in response to the Privatization of Army Lodging (PAL) program by the United States Army. The Army's request for qualifications (RFQ) sought to fulfill specific requirements that included improving the quality of on-post lodgings throughout the U.S., Alaska, Hawaii, and Puerto Rico. This RFQ sought entities with experience in the management of room inventory and hotel service, expertise in construction, and financing experience relating to the upgrades and renovations of existing on-post Army lodgings. U.S. Army awarded the PAL program to Lend Lease (US) with a 50-year lease deal, and IHG, with a 25-year management agreement with options to extend. As part of the RFP agreement, these hotels provide lodging to service members of all branches of the U.S. Armed Forces, government and civilian contractors, military families, veterans, civilians and retirees. There are 76 IHG-branded hotels with about 11,600 rooms located on Army bases in the U.S., Alaska, Hawaii, and Puerto Rico.
Radisson Hospitality, Inc. is an American multi-national hospitality company. It started as a division of Carlson Companies, which owned Radisson Hotels, Country Inns & Suites and other brands. In 1994, Carlson signed a franchise agreement with SAS International Hotels (SIH), after which SIH started to use the brand Radisson SAS in the Europe, Middle East and Africa markets. In 2005, Carlson acquired 25% of the shares of SIH, at that time known as Rezidor SAS Hospitality. In 2010, Rezidor Hotel Group became a subsidiary of Carlson. The enlarged hotel group adopted a new trading name, Carlson Rezidor Hotel Group, which was one of the top hotel corporations in 2013.
Media related to Candlewood Suites at Wikimedia Commons
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