Hyatt Announces Name of Extended-Stay Brand
LOS ANGELES, CA, January 23, 2006. Global Hyatt Corp. has named its upscale extended-stay brand Hyatt Summerfield Suites.
Hyatt, which announced the name during Americas Lodging Investment Summit here, acquired the Summerfield brand in December along with six owned Summerfield Suites properties from affiliates of the Blackstone Group, the Gencom Group, and Lehman Brothers.
The acquisition was seen as another step in Hyatt's evolution to a fully-integrated lodging company. In 2005, Global Hyatt acquired the AmeriSuites brand and proceeded to recast it as an upper-end selective service brand called Hyatt Place.
Analysts had expected Hyatt to include its own name of the extended stay product, but weren't sure if the Summerfield name would survive.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
