Candlewood Hotel Company Celebrates 50th Opening.WICHITA, Kan.--(BUSINESS WIRE)--Oct. 27, 1998-- Business Travel Developer Marks Milestone Candlewood can·dle·wood n. 1. Any of several trees or shrubs yielding a usually resinous wood. 2. The wood of such a plant, burned for light or fuel. 3. The ocotillo. Noun 1. Hotel Company, Inc. (Nasdaq NM:CNDL) celebrates this month the opening of its 50th property, underscoring its position as the nation's premier owner, developer, manager and franchisor of value-oriented, business-travel hotels. The Wichita, Kansas-based company now has a system-wide total of 75 hotels open or under construction in 29 states. The event will be observed company-wide on Oct. 27. Jack DeBoer, Chairman and Chief Executive Officer of Candlewood, sees the 50th opening, in Somerset, New Jersey Somerset is a census-designated place and unincorporated area located at the eastermost section within Franklin Township, in Somerset County, New Jersey. As of the United States 2000 Census, the CDP population was 23,040. Somerset housed one of the first Marconi Wireless Stations. , as a milestone on his organization's road to continued expansion. "We are right on track with our development plans for 1998, and this opening is an occasion to celebrate as we look forward to 1999," DeBoer says. "The Candlewood Suites Candlewood Suites is a brand name applied to hotels within the InterContinental Hotels Group. 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. concept - unsurpassed quality and exceptional value - wins positive word-of-mouth among our guests, and that leads to high repeat demand." DeBoer notes that guests consistently rate Candlewood's value equal to or better than other competing hotels, extended-stay or otherwise. "This level of guest satisfaction is key to our approach to nationwide expansion." Candlewood President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. James E. Roos, believes that guest satisfaction is one of many characteristics that sets Candlewood Hotel Company apart as an industry leader. "The business traveler's wholehearted whole·heart·ed adj. Marked by unconditional commitment, unstinting devotion, or unreserved enthusiasm: wholehearted approval. whole endorsement of Candlewood's staff and services energizes our commitment and confirms our strategy for the future." Candlewood targets mid-market, extended-stay business travelers. Room rates range from $45 to $85 per night for studio suites and $75 to $115 per night for one-bedroom suites depending on market location and length of stay. Candlewood Hotel Company, Inc. was formed in late 1995 as a joint venture between Jack DeBoer and the former Doubletree dou·ble·tree n. A crossbar on a wagon or carriage to which two whiffletrees are attached for harnessing two animals abreast. Noun 1. Corporation (now Promus Hotel Corporation Promus Hotel Corporation was a hotel management and franchise company from Memphis, Tennessee. History Promus Hotel Corporation's beginnings are tied to the original Holiday Inn company in Memphis, Tennessee. ). DeBoer, who founded Residence Inns in the 1970s, is recognized in the hotel industry as the creator of the extended-stay concept. |
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