Construction Underway for Candlewood Suites at MSU.Business and Travel Editors WICHITA, Kan.--(BUSINESS WIRE)--June 22, 2000 Construction has begun on a Candlewood Suites in Lansing, Mich., on the Michigan State University Michigan State University, at East Lansing; land-grant and state supported; coeducational; chartered 1855. It opened in 1857 as Michigan Agricultural College, the first state agricultural college. campus. Candlewood Suites at University Park is part of an innovative development concept to serve business professionals continuing their education. The University Park complex will be comprised of an Executive Development Center (EDC EDC See: Export Development Corp. ), Candlewood Suites, and the existing University Club. The new Candlewood Suites is a joint venture with Vista Asset Management, which also is developing the EDC. The hotel is set to open early next year. "This joint venture is a tremendous opportunity to meet the needs of business professionals returning to campus," says Jim Roos, 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 Co. 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. . Candlewood Suites will be conveniently located on Forest Road across from the University Research Park (a separate office facility), and adjacent to the existing University Club facility. The project is valued at about $8 million. Parish Corp. of Lansing, Mich., is building the hotel. Candlewood Suites offers larger-than-average guest suites perfectly suited for business professionals and loaded with amenities. The new hotel will offer 128 suites, including 104 studio suites and 24 one-bedroom suites. Each suite includes a complete kitchen, oversized o·ver·size n. 1. A size that is larger than usual. 2. An oversize article or object. adj. o·ver·size also o·ver·sized Larger in size than usual or necessary. recliner, 25-inch television, large business desk, adjustable executive chair, two phone lines and data ports. Amenities include free local phone calls, low-cost long distance, 25-cent soft drinks, free laundry facilities, free video and CD checkouts and an upscale exercise room. Guests can buy food items, snacks and sundries sun·dries pl.n. Articles too small or numerous to be specified; miscellaneous items. [From sundry. 24-hours-a-day at the Candlewood Cupboard, an on-site, honor-based pantry where items are value-priced. Candlewood Hotel Co. (Nasdaq:CNDL) owns, operates and franchises Candlewood Suites, which targets mid-market business travelers and others on short or long-term stays. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jack DeBoer, who founded Residence Inn and co-founded Summerfield Suites in the 1970s and 1980s, founded Candlewood in 1995. He is recognized in the hotel industry as the creator of the extended-stay concept. There are currently 81 Candlewood Suites open coast-to-coast, with more under construction. |
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