Candlewood Suites: Difference between revisions

Candlewood Suites
Company type	Subsidiary
Industry	Hotel
Founded	1995
Founders	Jack Deboer, Jim Korroch
Number of locations	367 (2022)
Area served	Worldwide
Parent	IHG Hotels & Resorts
Website	www.ihg.com/candlewood/

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Candlewood Suites is a hotel chain brand owned by IHG Hotels & Resorts.

History

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 apartment hotels to Candlewood Suites.^[3]

Description

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]

References

^ "Candlewood Suites". IHG Development. Retrieved November 9, 2022.
^ ^a ^b "Candlewood Suites" (PDF). IHG. December 7, 2004. Archived from the original (PDF) on December 11, 2005. Retrieved November 9, 2022.
^ ihgplc.com - IHG Hotels & Resorts and NOVUM Hospitality sign agreement that doubles IHG’s hotel presence in Germany, launches Holiday Inn – the niu collaboration, and debuts Garner and Candlewood Suites brands 15 April 2024
^ Extended Stay Suites | Long Term Hotel Suites | Candlewood Suites. Ihg.com (September 19, 2012). Retrieved on July 26, 2013.

External links

Media related to Candlewood Suites at Wikimedia Commons

Official website

[1] "Candlewood Suites". IHG Development. Retrieved November 9, 2022.

[:0-2] "Candlewood Suites" (PDF). IHG. December 7, 2004. Archived from the original (PDF) on December 11, 2005. Retrieved November 9, 2022.

[3] .com - IHG Hotels & Resorts and NOVUM Hospitality sign agreement that doubles IHG’s hotel presence in Germany, launches Holiday Inn – the niu collaboration, and debuts Garner and Candlewood Suites brands 15 April 2024

[4] Extended Stay Suites | Long Term Hotel Suites | Candlewood Suites. Ihg.com (September 19, 2012). Retrieved on July 26, 2013.

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@@ Line 1: / Line 1: @@
 {{Short description|All-suite extended-stay hotel chain run by IHG}}
 {{Use mdy dates|date=February 2019}}
-{{advert|date=July 2017}}
 {{Infobox company
  | name             = Candlewood Suites
- | logo             = CandlewoodSuitesLogo.svg
+ | logo             = [[File:CandlewoodSuitesLogo.svg|150px]]
  | type             = [[Subsidiary]]
  | foundation       = 1995
@@ Line 27: / Line 26: @@
  | footnotes        =
 }}
 '''Candlewood Suites''' is a [[hotel|hotel chain brand]] owned by [[IHG Hotels & Resorts]].
 == History ==
-[[File:Candlewood Suites, Valdosta.jpg|thumb|right|Candlewood Suites in [[Valdosta]]]]
 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]].<ref name=":0" />
-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.<ref name=":0">{{Cite web |url=http://ihgplc.com/files/presentations/071204/candlewood.pdf |title=Candlewood Suites |access-date=9 November 2022 |archive-url=https://web.archive.org/web/20051211111813/http://ihgplc.com/files/presentations/071204/candlewood.pdf#|archive-date=11 December 2005 |url-status=dead |date=7 December 2004|publisher=IHG}}</ref>
+In 2024, IHG announced the entry of the Candlewood Suites brand into the [[Germany|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'' apartment hotels to Candlewood Suites.<ref>[https://www.ihgplc.com/en/news-and-media/news-releases/2024/ihg-hotels-and-resorts-and-novum-hospitality-sign-agreement-that-doubles-ihgs-hotel-presence ihgplc.com - IHG Hotels & Resorts and NOVUM Hospitality sign agreement that doubles IHG’s hotel presence in Germany, launches Holiday Inn – the niu collaboration, and debuts Garner and Candlewood Suites brands] 15 April 2024</ref>
-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.<ref>[http://www.ihg.com/candlewood/hotels/us/en/global/exp/suites Extended Stay Suites | Long Term Hotel Suites | Candlewood Suites]. Ihg.com (September 19, 2012). Retrieved on July 26, 2013.</ref>
+== Description ==
-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]].<ref name=":0" />
+[[File:Candlewood Suites, Valdosta.jpg|thumb|right|Candlewood Suites in [[Valdosta]]]]
+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.<ref name=":0">{{Cite web |url=http://ihgplc.com/files/presentations/071204/candlewood.pdf |title=Candlewood Suites |access-date=9 November 2022 |archive-url=https://web.archive.org/web/20051211111813/http://ihgplc.com/files/presentations/071204/candlewood.pdf#|archive-date=11 December 2005 |url-status=dead |date=7 December 2004|publisher=IHG}}</ref> 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.<ref>[http://www.ihg.com/candlewood/hotels/us/en/global/exp/suites Extended Stay Suites | Long Term Hotel Suites | Candlewood Suites]. Ihg.com (September 19, 2012). Retrieved on July 26, 2013.</ref>
 ==References==
@@ Line 45: / Line 44: @@
 == External links ==
-{{commons category inline}}
+{{Commons category inline}}
 * [https://www.ihg.com/candlewood/hotels/us/en/reservation Official website]