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Summerfield Suites
Summerfield Suites was an extended stay hotel chain. It was bought by Hyatt, Hyatt Hotels Corporation and folded within that company in 2012. All Summerfield Suites Hotels are now known as HYATT house hotels. In June 2005, the Blackstone Group acquired Wyndham International for $3.2 billion. Summerfield Suites, Wyndham's extended-stay offering, was included in the deal. On December 1, 2005, Global Hyatt confirmed that it had entered into a definitive agreement to acquire the 21-hotel Summerfield Suites brand from Blackstone for an undisclosed price. The deal concluded in early 2006, and closely followed Hyatt's acquisition of AmeriSuites – now re-branded as Hyatt Place. It took AmeriSuites' former position in the Hyatt lineup and competed in the upscale tier of the extended-stay market with Residence Inn, Homewood Suites, and Staybridge Suites. Global Hyatt then developed an extended-stay prototype for converting Summerfield Suites hotels to a new Hyatt-branded extended-stay pro ...
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Extended Stay Hotel
An apartment hotel or aparthotel (also residential hotel, or extended-stay hotel) 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. An apartment hotel complex usually offers a complete fully fitted apartment. These complexes are usually custom built, and similar to a hotel complex containing a varied amount of apartments. The length of stay in these apartment hotels is varied with anywhere from a few days to months or even years. The people who stay in apartment hotels use them as long-term accommodation; therefore, the hotels are often fitted with most things the average home would require. Origins Apartment hotels were first created in holiday destinations as accommodation for families that needed to "live" in an apartment rather than "stay" as they would in a hotel. ...
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Hyatt
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. The Hyatt Corporation owned by Isaiah Giles came into being upon purchase of the Hyatt House, at Los Angeles International Airport, on September 27, 1957. In 1969, Hyatt began expanding internationally. Hyatt has grown by developing new properties and through acquisitions, with the biggest growth coming from the acquisition of AmeriSuites (later rebranded Hyatt Place) in 2004, Summerfield Suites (later rebranded Hyatt House) in 2005, and Two Roads Hospitality in 2018. In August 2021, Hyatt Hotels Corporation (NYSE: H) acquired Apple Leisure Group (ALG), a luxury resort-management services, travel and hospitality group, from affiliates ...
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Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge fund solutions, insurance solutions, secondaries and growth equity. As of Q3 2022, the company's total assets under management were approximately US$951 billion, making it the largest alternative investment firm globally. Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital. The founders named their firm "Blackstone," using a cryptogram derived from the names of the ...
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Wyndham International
Wyndham International, previously Patriot American Hospitality, was an American hotel company based in Dallas, Texas. History Patriot American Hospitality was formed in April 1995 as a real estate investment trust (REIT) and made its initial public offering in October 1995. In 1997, Patriot American combined with the parent companies of the Bay Meadows Racetrack in a reverse merger, effectively splitting into two companies under the same ownership: a REIT and an operating company. In January 1998, Patriot American bought Wyndham Hotel Corporation for $1.3 billion, and changed its operating company's name to Wyndham International. In June 1998, Patriot American and Wyndham acquired Interstate Hotels, the largest independent hotel operator in the country, for $2.1 billion. Interstate's portfolio included 40 owned-and-operated hotels, most of them in the upscale segment, and 182 other hotels under lease or management. Many of the Interstate hotels were planned to be converted to th ...
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AmeriSuites
AmeriSuites Hotels was a hotel chain last owned by Global Hyatt. It was founded by Mark Yale Harris, cofounder of Red Roof Inns. In 1991, Harris founded AmeriSuites Hotels. AmeriSuites was an innovator in offering one of the first available affordable suite accommodations. It grew to approximately 100 locations throughout the United States. In 1998, AmeriSuites was sold to The Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate bu ..., who operated AmeriSuites under its Prime Hospitality division. In 2005 Blackstone Real Estate Partners sold AmeriSuites to Hyatt. Between 2006 and 2009, Global Hyatt Select Hotel Group phased out the AmeriSuites brand and converted the properties into the then-new Hyatt Place brand. References {{DEFAULTSORT:Amerisuites Hyatt Hotels a ...
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Hyatt Place
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. The Hyatt Corporation owned by Isaiah Giles came into being upon purchase of the Hyatt House, at Los Angeles International Airport, on September 27, 1957. In 1969, Hyatt began expanding internationally. Hyatt has grown by developing new properties and through acquisitions, with the biggest growth coming from the acquisition of AmeriSuites (later rebranded Hyatt Place) in 2004, Summerfield Suites (later rebranded Hyatt House) in 2005, and Two Roads Hospitality in 2018. In August 2021, Hyatt Hotels Corporation (NYSE: H) acquired Apple Leisure Group (ALG), a luxury resort-management services, travel and hospitality group, from affiliates ...
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Residence Inn
Residence Inn by Marriott is a brand of extended stay hotels. , there were 874 Residence Inn hotels in the United States, Canada and Mexico with 107,680 rooms, plus an additional 243 hotels with 30,417 rooms in the development pipeline. The brand's slogan is "It's not a room. It's a Residence". It was the first extended-stay brand in the United States and was a key player in launching the concept of a "suite" in a hotel. History The chain traces its roots back to in 1975, when Wichita, Kansas developer Jack DeBoer found himself with apartment properties that were facing unusually high vacancy rates. He repurposed one of the apartment buildings, converting the residential units to monthly rentals, and named it The Residence. In 1981, DeBoer and developer Robert L. Brock (then the largest franchisee of Holiday Inn), formed a joint venture, launching a chain called The Residence Inn. The hotels focused on the "extended-stay" market, a term they invented. The hotels were aimed at gues ...
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Homewood Suites
Homewood Suites by Hilton is an American chain of all-suite residential-style hotels managed by the Hilton Worldwide. As of December 31, 2019, the chain consists of 505 hotels in 4 countries and territories with 57,545 rooms. 490 Homewood Suites hotels are independently owned and operated by franchisees with 55,899 rooms, while 15 hotels are managed with 1,646 rooms. Homewood Suites competes in the upscale tier of the extended-stay market, along with Staybridge Suites by IHG and Residence Inn by Marriott. History The first Homewood Suites was founded in Omaha, Nebraska in 1989. For the next ten years, the hotel chain was owned by Memphis-based Promus Hotel Corporation, which also owned Embassy Suites, Hampton Inn and Doubletree. Hilton purchased Promus in 1999 for $3.1 billion, making Homewood Suites a Hilton brand alongside the other three Promus chains. In 2000, Homewood Suites changed its name to Homewood Suites by Hilton, reflecting the change of ownership that went int ...
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Staybridge Suites
Staybridge Suites is an all-suite, residential-style brand of hotels within the InterContinental Hotels Group. 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. History The first Staybridge Suites opened in Alpharetta, Georgia, U.S. in 1998. In 2004, Staybridge Suites reached 75 hotels with the addition of a location in Eatontown, New Jersey.InterContinental Hotels Group PLC : Our brands - Staybridge Suites Hotels
Ihgplc.com. Retrieved on 2013-07-26.
When the Staybridge Suites hotel (owned by
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Convenience Store
A convenience store, convenience shop, corner store or corner shop is a small retail business that stocks a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, ice creams, tobacco products, lottery tickets, over-the-counter drugs, toiletries, newspapers and magazines. In some jurisdictions, convenience stores are licensed to sell alcoholic drinks, although many jurisdictions limit such beverages to those with relatively low alcohol content, like beer and wine. The stores may also offer money order and wire transfer services, along with the use of a fax, fax machine or photocopier for a small per-copy cost. Some also sell tickets or recharge smart cards, e.g. OPUS cards in Montreal. They differ from general stores and village shops in that they are not in a rural area, rural location and are used as a convenient supplement to larger stores. A convenience store may be part of a Filling station, gas/petrol station, so customers can purchase g ...
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Defunct Hotel Chains
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Extended Stay Hotel Chains
Extension, extend or extended may refer to: Mathematics Logic or set theory * Axiom of extensionality * Extensible cardinal * Extension (model theory) * Extension (predicate logic), the set of tuples of values that satisfy the predicate * Extension (semantics), the set of things to which a property applies * Extension by definitions * Extensional definition, a definition that enumerates every individual a term applies to * Extensionality Other uses * Extension of a polyhedron, in geometry * Exterior algebra, Grassmann's theory of extension, in geometry * Homotopy extension property, in topology * Kolmogorov extension theorem, in probability theory * Linear extension, in order theory * Sheaf extension, in algebraic geometry * Tietze extension theorem, in topology * Whitney extension theorem, in differential geometry * Group extension, in abstract algebra and homological algebra Music * Extension (music), notes that fit outside the standard range * ''Extended'' (Solar Field ...
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