Press Release: Candlewood Hotel Co.
January 25, 2001
WICHITA, KS -- Renovation is under way in Tempe, Ariz., for the first Cambridge Suites to be franchised by Candlewood
Hotel Co., set to open this spring. Cambridge Suites is Candlewood's new upscale hotel concept for business and
leisure travelers, founded on the value-oriented philosophy of the company's established Candlewood Suites brand.
Project completion for the Cambridge Suites Tempe/Scottsdale is planned for April. Sam Huang owns and operates
the property at 1635 N. Scottsdale Road, Tempe, under a franchise agreement with Candlewood. DesignTex of Dallas
is renovating the hotel, which had formerly been a Ramada Suites.
The renovated property will include 140 suites: 137 one-bedrooms and three studio suites. All suites are larger
than average and include a large work area with data port; adjustable executive chair; and oversized recliner.
Many suites also now include complete kitchens, giving travelers a choice based on their needs.
Candlewood Hotel Co. (Nasdaq: CNDL) owns, operates and franchises Candlewood Suites; and franchises Cambridge Suites.
Both concepts serve travelers on short- or long-term stays. Chairman and CEO Jack DeBoer founded Candlewood Suites
in 1995 and Cambridge Suites in 1998. DeBoer previously founded Residence Inn and co-founded Summerfield Suites.
He is recognized in the hotel industry as the creator of the extended stay concept.
SOURCE: Candlewood Hotel Co.