 | |
| Industry | Extended stayhotels |
|---|---|
| Founded | 1981 |
Number of locations | 874 (2021) |
Area served | Worldwide except for Asia and Pacific Islands |
| Parent | Marriott International |
| Website | residenceinn.marriott.com |
Residence Inn by Marriott is a brand ofextended stay hotels. As of June 1, 2021[update], 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]
The chain traces its roots back to in 1975, whenWichita, Kansas developerJack 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 itThe Residence.[2]
In 1981, DeBoer and developerRobert L. Brock (then the largest franchisee ofHoliday Inn), formed a joint venture, launching a chain calledThe 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 ofHoliday 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 toMarriott 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]
| US | Non-US | Total | |||
|---|---|---|---|---|---|
| 2007[7] | Properties | 528 | 18 | 546 | |
| Rooms | 62,805 | 2,611 | 65,416 | ||
| 2008[8] | Properties | 555 | 18 | 573 | |
| Rooms | 66,252 | 2,665 | 68,917 | ||
| 2009[9] | Properties | 591 | 17 | 608 | |
| Rooms | 70,995 | 2,417 | 73,412 | ||
| 2010[10] | Properties | 595 | 18 | 613 | |
| Rooms | 71,571 | 2,559 | 74,130 | ||
| 2011[11] | Properties | 597 | 20 | 617 | |
| Rooms | 72,076 | 2,791 | 74,867 | ||
| 2012[12] | Properties | 602 | 23 | 625 | |
| Rooms | 72,642 | 3,229 | 75,871 | ||
| 2013[13] | Properties | 629 | 24 | 653 | |
| Rooms | 76,056 | 3,349 | 79,405 | ||
| 2014[14] | Properties | 648 | 27 | 675 | |
| Rooms | 78,518 | 3,645 | 82,163 |
| North America | Europe | Middle E. & Africa | Asia & Pacific | Caribbean Latin Am. | Total | |||
|---|---|---|---|---|---|---|---|---|
| 2015[15] | Properties | 690 | 3 | 3 | 1 | 697 | ||
| Rooms | 84,412 | 307 | 301 | 109 | 85,129 | |||
| 2016[16] | Properties | 726 | 3 | 3 | 2 | 734 | ||
| Rooms | 89,065 | 307 | 301 | 249 | 89,922 | |||
| 2017[17] | Properties | 750 | 5 | 3 | 2 | 760 | ||
| Rooms | 92,637 | 520 | 301 | 249 | 93,707 | |||
| 2018[18] | Properties | 789 | 9 | 3 | 2 | 803 | ||
| Rooms | 97,335 | 1,196 | 301 | 249 | 99,081 | |||
| 2019[19] | Properties | 833 | 12 | 3 | 2 | 850 | ||
| Rooms | 103,038 | 1,477 | 301 | 249 | 105,065 | |||
| 2020[20] | Properties | 854 | 13 | 3 | 4 | 874 | ||
| Rooms | 105,273 | 1,569 | 294 | 544 | 107,680 | |||
| 2021[21] | Properties | 846 | 17 | 6 | 7 | 876 | ||
| Rooms | 104,167 | 1,975 | 983 | 982 | 108,107 | |||
| 2022[22] | Properties | 849 | 21 | 7 | 8 | 885 | ||
| Rooms | 104,463 | 2,408 | 1,117 | 1,213 | 109,201 | |||
| 2023[23] | Properties | 861 | 27 | 7 | 8 | 903 | ||
| Rooms | 105,911 | 3,205 | 1,117 | 1,213 | 111,446 |
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