Residence Inn by Marriott

Residence Inn by Marriott is a brand of extended stay hotels. As of June 1, 2021, there were 874 Residence Inn hotels in the United States, Canada and Mexico with 107,680 rooms, plus an additional 243 hotels with 30,417 rooms in the development pipeline.[1]

Residence Inn by Marriott
IndustryExtended stay hotels
Founded1975
Number of locations
874 (2021)
Area served
Worldwide
ParentMarriott International
Websitehttp://www.residenceinn.marriott.com/

History

The chain traces its roots back to in 1975, when Wichita, Kansas developer Jack DeBoer found himself with apartment properties that were facing unusually high vacancy rates. He repurposed one of the apartment buildings, converting the residential units to monthly rentals, and named it The Residence.[2] In 1981, DeBoer and developer Robert L. Brock (then the largest franchisee of Holiday Inn), formed a joint venture, launching a chain called The Residence Inn. The hotels focused on the "extended-stay" market, a term they invented.[3] The hotels were aimed at guests staying five nights or more, who would not need conventional daily hotel maid service, which reduced operational costs. Their guests were mostly business travelers on lengthy work assignments, patients of nearby hospitals, and those in need of temporary housing.[4] In January 1985, Holiday Corporation, the parent company of Holiday Inn, bought a 50% stake in The Residence Inn chain. In early 1987, DeBoer bought back Holiday's interest in the chain, before selling the entire company to Marriott International on July 7, 1987.[5]

Although DeBoer died in 2021, the original Wichita property is still operated by his company, under the WaterWalk brand.[6]

Residence Inn's former logo used from 2003 until 2018.

Accommodations

Historical

USNon-USTotal
2007[7]Properties     528     18     546
Rooms062,80502,611065,416
2008[8]Properties     555     18     573
Rooms066,25202,665068,917
2009[9]Properties     591     17     608
Rooms070,99502,417073,412
2010[10]Properties     595     18     613
Rooms071,57102,559074,130
2011[11]Properties     597     20     617
Rooms072,07602,791074,867
2012[12]Properties     602     23     625
Rooms072,64203,229075,871
2013[13]Properties     629     24     653
Rooms076,05603,349079,405
2014[14]Properties     648     27     675
Rooms078,51803,645082,163

From 2015

North
America
EuropeMiddle E.
& Africa
0Asia &0
Pacific
Caribbean
Latin Am.
Total
2015[15]Properties     690     03     03     001     697
Rooms084,41200307     301     0109085,129
2016[16]Properties     726     03     03     002     734
Rooms089,06500307     301     0249089,922
2017[17]Properties     750     05     03     002     760
Rooms092,63700520     301     0249093,707
2018[18]Properties     789     09     03     002     803
Rooms097,33501,196     301     0249099,081
2019[19]Properties     833     12     03     002     850
Rooms103,03801,477     301     0249105,065
2020[20]Properties     854     13     03     004     874
Rooms105,27301,569     294     0544107,680
2021[21]Properties     846     17     06     007     876
Rooms104,16701,975     983     0982108,107
2022[22]Properties     849     21     07     008     885
Rooms104,46302,40801,117     1,213109,201

References

  1. "Residence Inn". Marriott Hotels Development.
  2. Now and then: The history of Residence Inn
  3. "Jack DeBoer (1931-2021)".
  4. Now and then: The history of Residence Inn
  5. Now and then: The history of Residence Inn
  6. "Jack DeBoer (1931-2021)".
  7. "2007 Annual Report". www.marriott.gcs-web.com. p. 26.
  8. "2008 Annual Report". www.marriott.gcs-web.com. p. 22.
  9. "2009 Annual Report". www.marriott.gcs-web.com. p. 19.
  10. "2010 Annual Report". www.marriott.gcs-web.com. p. 18.
  11. "2011 Annual Report". www.marriott.gcs-web.com. p. 19.
  12. "2012 Annual Report". www.marriott.gcs-web.com. p. 22.
  13. "2013 Annual Report". www.marriott.gcs-web.com. p. 20.
  14. "2014 Annual Report". www.marriott.gcs-web.com. p. 17.
  15. "2015 Annual Report". www.marriott.gcs-web.com. p. 5.
  16. "2016 Annual Report". www.marriott.gcs-web.com. p. 7.
  17. "2017 Annual Report". www.marriott.gcs-web.com. p. 7.
  18. "2018 Annual Report". www.marriott.gcs-web.com. p. 6.
  19. "2019 Annual Report". www.marriott.gcs-web.com. p. 6.
  20. "2020 Annual Report". www.marriott.gcs-web.com. p. 8.
  21. "2021 Annual Report". www.marriott.gcs-web.com. p. 7.
  22. "2022 Annual Report". www.marriott.gcs-web.com. p. 7.
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