The story
Intown Suites was founded in 1988 by David Vickers. During two decades of existence, Intown Suites has proved to be a very successful business, and is currently one of the fastest growing extended-stay chains. In May 2015, 50 properties were purchased by Starwood Capital Group.
In 1998, Intown Suites expanded from 26 to 76 properties in a $150 million investment, an alternative to going public. In 2001, Intown Suites had a room occupancy rate of 87%, compared with a 73% average for the entire industry. In 2002, Intown Suites expanded by purchasing Suburban Lodges of America for $99 million, keeping its company-owned properties but spinning off its franchises into Suburban Extended Stay Hotels. In 2006, the company acquired SuiteOne hotels. In 2007, InTown Suites purchased another 12 Suburban Lodge locations in Georgia, Florida and Alabama, plus two additional Suburban Lodge locations in Houston, Texas a year later. In 2014, the company purchased four Savannah Suites location in Hampton Roads, Virginia. In May 2015, the company added another 50 locations. From 2017 to 2019, the company added 8 locations under the Uptown Suites brand.
From Wikipedia’s article on InTown Suites, shared under CC BY-SA 4.0.3