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==History==
==History==


Intown Suites was founded in 1988 by David Vickers.<ref>{{cite news| url=http://www.accessmylibrary.com/premium/0286/0286-8812057.html | work=The Atlanta Journal-Constitution | title=Extended-Stay Hotels' Business Remains Sweet in a Sour Economy | first=Caroline | last=Wilbert | date=August 20, 2002}}</ref> 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, 50 properties were purchased by Starwood Capital Group.<ref>{{cite web|url=https://therealdeal.com/miami/2020/10/21/starwood-scores-265m-refi-for-portfolio-of-intown-uptown-hotels/}}</ref>
Intown Suites was founded in 1988 by David Vickers.<ref>{{cite news| url=http://www.accessmylibrary.com/premium/0286/0286-8812057.html | work=The Atlanta Journal-Constitution | title=Extended-Stay Hotels' Business Remains Sweet in a Sour Economy | first=Caroline | last=Wilbert | date=August 20, 2002}}</ref> 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, 50 properties were purchased by Starwood Capital Group.<ref>{{cite web |title=Starwood scores $265M refi for portfolio of InTown, Uptown hotels |url=https://therealdeal.com/miami/2020/10/21/starwood-scores-265m-refi-for-portfolio-of-intown-uptown-hotels/}}</ref>


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.<ref>{{cite news| url=http://findarticles.com/p/articles/mi_m0EIN/is_2002_May_1/ai_85367306 | work=Business Wire | title=InTown Suites Completes Suburban Lodge Acquisition; InTown Suites Becomes Largest Owner/Operator of Economy Extended-Stay Hotels | date=May 1, 2002}}</ref> In 2002, Intown Suites expanded by purchasing [[Suburban Lodges of America]] for $99 million,<ref>{{cite news| url=http://www.accessmylibrary.com/premium/0286/0286-6307550.html | work=The Atlanta Journal-Constitution | title=Atlanta-Based Hotel Companies to Merge | first=Shelia M. | last=Poole | date=January 30, 2002}}</ref> four years later they acquired [[SuiteOne]] hotels.<ref>{{cite web|url=http://www.biz-stay.com/home.cfm?page=extendedstaychains|title=Corporate Housing and Extended Stay Hotels - Biz-stay.com|website=www.biz-stay.com|access-date=2007-11-27|archive-url=https://web.archive.org/web/20071013143652/http://biz-stay.com/home.cfm?page=extendedstaychains|archive-date=2007-10-13|url-status=dead}}</ref> 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. From 2017 to 2019, the company added 8 locations under the Uptown Suites brand.
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.<ref>{{cite news| url=http://findarticles.com/p/articles/mi_m0EIN/is_2002_May_1/ai_85367306 | work=Business Wire | title=InTown Suites Completes Suburban Lodge Acquisition; InTown Suites Becomes Largest Owner/Operator of Economy Extended-Stay Hotels | date=May 1, 2002}}</ref> In 2002, Intown Suites expanded by purchasing [[Suburban Lodges of America]] for $99 million,<ref>{{cite news| url=http://www.accessmylibrary.com/premium/0286/0286-6307550.html | work=The Atlanta Journal-Constitution | title=Atlanta-Based Hotel Companies to Merge | first=Shelia M. | last=Poole | date=January 30, 2002}}</ref> four years later they acquired [[SuiteOne]] hotels.<ref>{{cite web|url=http://www.biz-stay.com/home.cfm?page=extendedstaychains|title=Corporate Housing and Extended Stay Hotels - Biz-stay.com|website=www.biz-stay.com|access-date=2007-11-27|archive-url=https://web.archive.org/web/20071013143652/http://biz-stay.com/home.cfm?page=extendedstaychains|archive-date=2007-10-13|url-status=dead}}</ref> 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. From 2017 to 2019, the company added 8 locations under the Uptown Suites brand.

Revision as of 20:54, 22 March 2023

InTown Suites
Company typePrivate
IndustryLodging, extended stay
HeadquartersAtlanta, GA
Websitewww.intownsuites.com

InTown Suites is a chain of extended stay properties in the United States, headquartered in Atlanta, GA. InTown Suites has 196 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, InTown Suites offers affordable weekly and monthly rates, depending on market and seasonality. 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, 50 properties were 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. From 2017 to 2019, the company added 8 locations under the Uptown Suites brand.

References

  1. ^ 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.
  2. ^ Wilbert, Caroline (August 20, 2002). "Extended-Stay Hotels' Business Remains Sweet in a Sour Economy". The Atlanta Journal-Constitution.
  3. ^ "Starwood scores $265M refi for portfolio of InTown, Uptown hotels".
  4. ^ "InTown Suites Completes Suburban Lodge Acquisition; InTown Suites Becomes Largest Owner/Operator of Economy Extended-Stay Hotels". Business Wire. May 1, 2002.
  5. ^ Poole, Shelia M. (January 30, 2002). "Atlanta-Based Hotel Companies to Merge". The Atlanta Journal-Constitution.
  6. ^ "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.


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