Generation Companies Breaks Ground on Fifth Florida Candlewood Suites

Construction on Florida’s fifth Candlewood Suites has begun in Lake Mary. Expected to open in early 2003, the hotel is owned and managed by The Generation Companies, LLC, under a license agreement with Candlewood Hotel Company.
ATMI Design Build is overseeing the construction of the hotel, which is located at the southeast corner of I-4 and Lake Mary Blvd., approximately 10 miles north of downtown Orlando. The new hotel will feature 122 suites: 87 studios, 24 one-bedroom and 11 doubles. Candlewood Suites offers larger-than-average guest suites that cater to the special needs of long-term guests, including a complete kitchen with full-sized appliances, 25-inch TV, large business desk, adjustable executive chair, two phone lines with data port and low-cost long distance.
In addition, guests have access to free laundry facilities, free video and CD library and access to the Candlewood Cupboard - a 24-hour honor-based pantry with food and sundries at grocery store prices. The Generation Companies (www.generationcompanies.com) is a hotel development, acquisition and operating company based in Durham, N.C. With two other Candlewood Suites in North Carolina and three in Virginia, the company’s entrance into the Florida market makes Generation Candlewood’s largest franchisee. Generation also manages the Candlewood Suites in Hopewell, Va. and expects to break ground on another Candlewood Suites in the Washington, D.C. area later this year.
H. Mark Daley, III serves as president of The Generation Companies. Candlewood Suites is an all-suites hotel owned, operated and licensed under Candlewood Hotel Co. (Nasdaq: CNDL).
Founded in 1995 by Jack DeBoer, widely recognized as the creator of the extended stay concept, Candlewood Suites has more than 100 properties in nearly every major market coast to coast. According to a recent Market Metrix Hotel Index report, Candlewood Suites is unsurpassed in the extended stay category for customer loyalty and satisfaction. For more information, visit www.candlewoodsuites.com.
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