Residence Inn by Marriott

Residence Inn by Marriott

Industry	Extended stay hotels
Founded	1975
Number of locations	874 (2021)
Area served	Worldwide
Parent	Marriott International
Website	residenceinn.marriott.com

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.

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.

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. 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.

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

Accommodations

Residence Inn in Hillsboro

Residence Inn in Tallahassee

Historical

		US	Non-US		Total
2007	Properties	528	18		546
	Rooms	062,805	02,611		065,416
2008	Properties	555	18		573
	Rooms	066,252	02,665		068,917
2009	Properties	591	17		608
	Rooms	070,995	02,417		073,412
2010	Properties	595	18		613
	Rooms	071,571	02,559		074,130
2011	Properties	597	20		617
	Rooms	072,076	02,791		074,867
2012	Properties	602	23		625
	Rooms	072,642	03,229		075,871
2013	Properties	629	24		653
	Rooms	076,056	03,349		079,405
2014	Properties	648	27		675
	Rooms	078,518	03,645		082,163

From 2015

		North America	Europe	Middle E. & Africa	0Asia &0 Pacific	Caribbean Latin Am.		Total
2015	Properties	690	03	03		001		697
	Rooms	084,412	00307	301		0109		085,129
2016	Properties	726	03	03		002		734
	Rooms	089,065	00307	301		0249		089,922
2017	Properties	750	05	03		002		760
	Rooms	092,637	00520	301		0249		093,707
2018	Properties	789	09	03		002		803
	Rooms	097,335	01,196	301		0249		099,081
2019	Properties	833	12	03		002		850
	Rooms	103,038	01,477	301		0249		105,065
2020	Properties	854	13	03		004		874
	Rooms	105,273	01,569	294		0544		107,680
2021	Properties	846	17	06		007		876
	Rooms	104,167	01,975	983		0982		108,107
2022	Properties	849	21	07		008		885
	Rooms	104,463	02,408	01,117		1,213		109,201
2023	Properties	861	27	07		008		903
	Rooms	105,911	03,205	01,117		1,213		111,446

External links

• Official website