Hotel Online Special Report
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Candlewood Hotel Company Opens 50th 
Candlewood Suites in Somerset, NJ
 
WICHITA, Kan - Oct. 27, 1998-- Candlewood 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, 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 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 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 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 Corporation (now Promus Hotel Corporation). 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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Contact:
Candlewood Hotel Company, Inc., Wichita
Gina-Lynne Scharoun
Vice President of Franchise Development
316-631-1300
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Also See:
Candlewood Hotel Company Winner of 1998 Telman MasterTech Award for Bottom Line Profits / Sept
1998/ 
Candlewood Hotel Company On Schedule With '98 Expansion / Aug 1998 

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