IHG announced that 77 Staybridge Suites and Candlewood Suites hotels owned by Hospitality Properties Trust and managed by IHG are undergoing renovations, with HPT investing approximately $165 million in the improvements.The first phase of renovations is complete, with 26 Candlewood Suites in markets including Atlanta, Boston, Chicago, Dallas and Phoenix boasting new kitchen and bath designs, among other changes. All renovations across both brands are expected to be complete by September 2012, with a total of 58 Candlewood Suites and 19 Staybridge Suites making the changes.
“These renovations will have a positive effect on our brand portfolios as a whole,” said Robert Radomski, vice president, Global Brand Management, Extended-Stay Brands, IHG. “We expect that these changes will increase guest satisfaction and should result in an uplift in ADR at renovated hotels, which will in turn drive higher overall brand ADR and RevPAR. We also think we’ll see higher owner satisfaction and the potential for more development opportunities.”
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