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WICHITA, Kan. - Nov. 22, 1999 - Candlewood Hotel Co. (Nasdaq:CNDL -
news) today announced plans to franchise Cambridge Suites by Candlewood,
a new upscale hotel concept based on the value-oriented philosophy of the
Candlewood Suites brand.
Cambridge Suites by Candlewood builds upon the features, comfort and amenities familiar to Candlewood Suites guests, including: free laundry facilities; free local phone calls, low-cost long distance and two phone lines; free video and CD library; and use of the honor-system-based Candlewood Cupboard food and sundries pantry. In addition, Cambridge Suites by Candlewood will offer a wider variety of room suite choices�with fully equipped kitchens in many rooms. Guests will also enjoy complimentary continental breakfast, recreational facilities (such as a pool, ball court, or beach), and a hospitality area. A Cambridge Suites by Candlewood prototype has been in operation here for more than two years, a converted property that once was the prototype Residence Inn. �My original Residence Inn is now a Cambridge Suites by Candlewood,� says Candlewood Chairman and Chief Executive Officer Jack DeBoer, �where we have refined and tested our new upscale concept.� DeBoer founded Residence Inn and later sold it to Marriott. Candlewood President and Chief Operating Officer Jim Roos says Cambridge Suites by Candlewood evolved, in part, from a persistent stream of inquiries from parties interested in converting an existing property into a Candlewood Suites. �While the options presented were not viable plans for Candlewood Suites�all of which have been new construction�some candidates fit the new concept perfectly,� says Roos. �For example,� he continues, �there might be an existing beachfront or other resort location where new construction is not an option, but a conversion is. The Cambridge Suites by Candlewood brand allows for flexibility in adapting existing properties of various sizes and designs, while assuring quality and good value.� Candlewood Hotel Co. owns, operates and franchises Candlewood Suites, which targets mid-market business travelers and others on short or long-term travel. There are currently 76 Candlewood Suites open coast-to-coast, with more under construction. 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. |
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Also See | Maturation of Locations, Good Yield-Management and Greater Brand Awareness Helps Candlewood to Record Results / Nov 1999 |
Jack P. DeBoer on What's Going On at Candlewood Hotel Co./ July 1999 |