Candlewood Suites

The Candlewood Suites chain was started in 1995 by Jack Deboer, founder of the Residence Inn and co-founder of the Summerfield Suites chain. The first hotel was built on North Webb Road in Wichita, KS and opened in 1996. The brand's locations are extended-stay hotels focused primarily on rate-sensitive business travelers, also known as corporate transient travelers. Typically corporate transient travelers stay only during the week, leaving the occupancy of the subject hotels lower during the weekend. However, with true extended-stay business being over seven days, and many times beyond 30 days, it allows the hotel to maintain a higher occupancy average overall. While this occupancy generally comes with a lower average rate or Average Daily Rate, the Revenue Per Available Room Sold is typically higher as a result of the significantly higher occupancy and penetration rate within the respective markets.

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