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International Guild of Hospitality & Restaurant Managers
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Candlewood Hotel Company,
Inc., incorporated in August 1996, owns, operates, franchises and manages
business-travel hotels. Its hotel properties offer accommodations for all
guests, while catering to mid-market and upscale business and personal travelers
seeking multiple-night stays. As of
Candlewood Suites hotels offer upscale accommodations at rates that are aimed at mid-market business and personal travelers. Each Candlewood Suites hotel is comprised of studios and one-bedroom suites, both of which contain business and other amenities consistent with amenities found in upscale, full-service hotels. Up to 25% of the rooms in a standard Candlewood Suites hotel are one-bedroom suites, which are approximately 525 square feet, and are designed to accommodate guests who desire a bedroom separated from the kitchen and office area. In addition, each Candlewood Suites studio and one-bedroom suite offers amenities designed to accommodate the needs of the business traveler.
Building on its value positioning,
The Company classifies its hotels into five categories: owned, leased, managed, joint venture and franchised. Owned hotels are those hotels that the Company has independently developed and owns. Leased hotels are those hotels that the Company previously sold and currently leases from a third party. Managed hotels are those hotels that the Company manages for a third party. Joint venture hotels are those hotels that the Company developed and owns with its joint venture partners. Franchised hotels are those hotels developed and owned by third parties that utilize one of its franchise brands, Candlewood Suites or
In order to accelerate the establishment of its market presence and brand awareness on a national level, the Company has established a national franchising program. Its franchise efforts in regards to the
In addition to its Company-operated hotels, Candlewood Hotel Company manages hotels owned by third parties. As of
In order to provide funds for its development activities, the Company has completed three separate sale-leaseback transactions with Hospitality Properties Trust (HPT), a Maryland real estate investment trust (REIT). These transactions were completed in stages between December 1997 and August 2001.
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.
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