in Canada, Plans New Bedding Package
|WICHITA, Kan., May 1, 2006 - At its 10-year milestone, Candlewood Suites
today announces it has approved two locations for the first Candlewood
Suites properties outside the U.S., in Canada. With nearly 90 properties
in the pipeline that will nearly double the brand's current portfolio,
the brand is also pursuing development in several large metropolitan markets,
including New York City. Executives from InterContinental Hotels Group
(IHG), parent company of the Candlewood Suites brand, made the announcement
at a press conference from the Candlewood Suites Wichita-Northeast in Wichita,
Kan., where the brand was established ten years ago today.
InterContinental Hotels Group acquired the Candlewood Suites brand on January 1, 2004, and executed more Candlewood license agreements in the first six months with IHG than in the three years prior. The brand management team has worked hard over the past two years to improve the already strong hotel product, and development is not the only success measure IHG has brought to the Candlewood Suites brand. In 2005, Candlewood Suites outpaced the extended-stay segment in RevPAR growth by more than 27 percent, and so far this year, the brand continues to lead the segment in unit growth and will be segment leaders in distribution by the end of the year.
"Our record-setting growth and performance is a tribute to the strength of the IHG enterprise," said Gina LaBarre, vice president, brand management, Candlewood Suites. "Within four months of acquiring the brand, IHG reversed 24 months of RevPAR decline to what is now a 23-month streak of positive gains, with double-digit growth over each of the past 15 months," she added. "That performance is also a true testament to the strength of the Candlewood Suites culture. We have an amazing brand with passionate people at all levels of our organization, and when you add the InterContinental Hotels Group enterprise values to our unique brand culture, you have a powerful combination that will carry us well beyond the next decade of Candlewood Suites success."
New Bedding and Decor Packages
Candlewood Suites today also announced a new bedding package that will be added to the new standardized room and common area decor update. Candlewood Suites will test the new bedding this summer for one month, and will begin rolling it out across the system later this year. The new bedding will bring a more residential style to the suites at Candlewood, in keeping with the brand's "consider us home" mantra. The bedding package includes fluffy duvets with poly-cotton covers, upgraded sheet sets, a selection of two different pillows, contemporary cotton blankets and a decorative "Consider Us Home" pillow.
Candlewood Suites Joins Forces with Habitat for Humanity
InterContinental Hotels Group
|Also See:||InterContinental Hotels Group Appoints Gina LaBarre Vice President, Brand Management, Candlewood Suites / February 2004|
|Candlewood Hotel Company, Inc. Proceeding Towards Complete Liquidation and Dissolution; Best Alternative for the Stockholders / October 2003|