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in Memphis, Tennessee to a Staybridge Suites |
(RESEARCH TRIANGLE PARK, N.C.) The Generation Companies LLC (Generation), a Research Triangle Park-based real estate developer, asset manager and operator of extended stay hotels recently acquired the Hawthorn Suites of Ridgeway Center Parkway in Memphis, Tennessee, and repositioned the hotel as a Staybridge Suites. The property will undergo a $1.5 million renovation with plans for completion by spring 2006. �Acquiring this well-located hotel and repositioning it as a Staybridge Suites is a win for the local community, for the Staybridge Brand, and for us,� said H. Mark Daley III, president, Generation. �The community gets the freshly upgraded, high-end extended-stay hotel that it needs operated by our award-winning team, the Staybridge brand becomes represented in the important Memphis market, and Generation makes its debut in the upscale extended-stay segment.� Guests at the Staybridge Suites Memphis can choose from three suite options (deluxe studio, one-bedroom and two-bedroom/two-bath). All suites feature fully equipped kitchens, in-room DVD/CD players, functional, well-lit work stations with ergonomic seating, data ports, two-line speaker phone with voicemail, and access to high-speed Internet at no charge. The Staybridge Suites Memphis offers several unique amenities such as complimentary guest laundry and workout facilities, deluxe complimentary daily breakfast buffet featuring a rotating selection of hot items, a 24-hour convenience store, and a 24-hour business services center. In addition, guests will enjoy gathering in the hotel�s Great Room for evening "Sundowner� receptions three days a week for refreshments, light appetizers and conversation. �Generation has been a long-time and loyal franchise partner with our mid-scale extended-stay brand, Candlewood Suites,� said Robert Radomski, vice president, Brand Management, Staybridge Suites. �We�re pleased that Generation has chosen to enter the upscale extended-stay category by adding Staybridge Suites to their portfolio.� About The Generation Companies
About Staybridge Suites Hotels
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Contact:
Ron Jacobsen, Vice-President
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