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| 2010 |
RTP's Generation Opens New Candlewood Suites in Tallahassee, FL
March 5, 2010
(RESEARCH TRIANGLE PARK, NC) The Generation Companies, LLC, a Research Triangle Park, North Carolina-based real estate developer, asset manager and operator of extended-stay hotels in North Carolina, Virginia, Florida, Georgia, Kentucky, Texas, Arkansas, Kansas and Tennessee, is partnering with Lakeshore Hospitality, LLC, a local hotel development and real estate company in Tallahassee, FL, on the new Candlewood Suites-Tallahassee. The mid-priced hotel, which opened in March, is owned by Lakeshore Hospitality and managed by Generation. |
InterContinental Hotels Group Honors Staybridge Suites with Top Awards
January 15, 2010
(JACKSONVILLE, FL) Staybridge Suites-Jacksonville, Florida, a 120-suite upscale extended-stay hotel at 8511 Touchton Road, was recently honored with two prestigious international awards at the IHG (InterContinental Hotels Group) Americas Investor Conference in Washington, DC. The hotel has won the Newcomer Award, recognizing exceptional quality and guest service scores in the Staybridge brand, and the much-coveted Priority Club Members Choice Award, making them #1 in the Staybridge Suites brand in overall satisfaction according to Priority Club members. Approximately 150 hotels competed for these honors. The property is owned and managed by The Generation Companies, LLC (Generation), a Research Triangle Park, North Carolina-based real estate developer, owner, asset manager and operator of extended-stay hotels. |
InterContinental Hotels Group Honors RTP's
January 15, 2010
(RESEARCH TRIANGLE PARK, NC) The Generation Companies, LLC (Generation), a Research Triangle Park, North Carolina-based real estate developer, owner, asset manager and operator of extended-stay hotels, was recently honored with two prestigious international awards at the IHG (InterContinental Hotels Group) Americas Investor Conference in Washington, DC. The Generation property Staybridge Suites-Jacksonville, Florida, a 120-suite upscale extended-stay hotel, received the Newcomer Award, recognizing exceptional quality and guest service scores in the Staybridge brand. The hotel also won the much-coveted Priority Club Members Choice Award, making them #1 in the Staybridge Suites brand in overall satisfaction according to Priority Club members. Approximately 150 hotels competed for these honors. |
| 2009 |
Generation Honored By InterContinental Hotels Group
November 13, 2009
(RESEARCH TRIANGLE PARK, NC) The Generation Companies, LLC (Generation), a Research Triangle Park, North Carolina-based real estate developer, owner, asset manager and operator of extended-stay hotels, will be honored with two prestigious international awards at the IHG (InterContinental Hotels Group) Americas Investor Conference in Washington, DC this month. |
Generation Breaks Ground on New Wilmington, NC Extended Stay Hotel
July 20, 2009
(RESEARCH TRIANGLE PARK, NC) The Generation Companies LLC (Generation), a Research Triangle Park, North Carolina-based real estate developer, owner, asset manager and operator of extended-stay hotels, recently broke ground for Homewood Suites/Wilmington-Mayfaire, an upscale 118-room extended-stay hotel. The property, located in the Mayfaire Development at 6732 Swan Mill Road, is scheduled to open in late spring 2010. “We are pleased to break ground on such a significant development project in the midst of a still dysfunctional credit market. Receiving the support we need from our investors and lenders in this difficult economic environment is a vote of confidence for Generation that makes us very grateful,” said H. Mark Daley, Generation President. |
Generation to Manage New Suburban Extended Stay Hotel in Jacksonville, NC
June 29, 2009
(RESEARCH TRIANGLE PARK, NC) The Generation Companies, LLC (Generation) a Research Triangle Park, North Carolina-based real estate developer, asset manager and operator of extended-stay hotels in North Carolina, Virginia, Florida, Tennessee, Texas, Georgia, Kansas and Arkansas has been awarded the management contract for the Jacksonville, NC Suburban Extended Stay Hotel located near Camp Lejeune. The approximately $8.5 million 121-room economy-priced hotel, currently under construction and slated to open in early 2010, was developed and is owned by Hotel de Estadia Estindida, a North Carolina limited liability company. |
New Suburban Extended Stay Hotel Under Construction
June 29, 2009
(JACKSONVILLE, NC) Jacksonville's newest hotel, the Suburban Extended Stay, conveniently located near Camp Lejeune, is under construction and slated to open in early 2010. The approximately $8.5 million 121-room economy-priced hotel was developed and is owned by Hotel de Estadia Estindida, a North Carolina limited liability company. The property will be managed by The Generation Companies, LLC (Generation), a Research Triangle Park, North Carolina-based real estate developer, asset manager and operator of extended-stay hotels in Florida, North Carolina, Virginia, Kansas, Tennessee, Texas, Arkansas and Georgia. |
New Suburban Extended Stay Hotel Under Construction in Lenexa
January 27, 2009
(LENEXA, KANSAS) Lenexa’s newest hotel, the Suburban Extended Stay Hotel located at 15151 W 101st Terrace, is under construction and slated to open in March. The 118-room economy-priced hotel was developed and is owned by Lenexa Lodging, LLC, a Kansas limited liability company, and Nueterra Real Estate Development, LLC of Leawood, Kansas, a full spectrum real estate development and management services company specializing in medical, commercial and hospitality projects. The property will be managed by The Generation Companies, LLC (Generation), a Research Triangle Park, North Carolina-based real estate developer, asset manager and operator of extended-stay hotels in Kansas, North Carolina, Virginia, Florida, Tennessee, Texas, Arkansas and Georgia. |
Generation to Manage New Suburban Extended Stay Hotel in Kansas
January 26, 2009
(RESEARCH TRIANGLE PARK, NC) The Generation Companies, LLC (Generation) a Research Triangle Park, North Carolina-based real estate developer, asset manager and operator of extended-stay hotels in North Carolina, Virginia, Florida, Tennessee, Texas, Georgia, Kansas and Arkansas has been awarded the management contract for the Lenexa, Kansas Suburban Extended Stay Hotel located at 15151 W 101st Terrace. The 118-room economy-priced hotel, currently under construction and slated to open in March, was developed and is owned by Lenexa Lodging, LLC, a Kansas limited liability company, and Nueterra Real Estate Development, LLC of Leawood, Kansas, a full spectrum real estate development and management services company specializing in medical, commercial and hospitality projects. |
New Suburban Extended Stay Hotel Celebrates Grand Opening
January 5, 2009
(BENTONVILLE, AR) The Suburban Extended Stay Hotel located at 200 W. Suburban Drive recently held their well-attended grand opening. The event kicked off with a 4:30 p.m. ribbon-cutting by the Lowell-Rogers area Chamber of Commerce followed by an after-hours social catered by Rogers Golden Corral and Coors. Guests were invited to register for more than 50 door prizes donated by area businesses and encouraged to bring a new toy for the holiday Toys for Tots program. Special guests included officers of Choice Hotels, which owns the Suburban brand; Michael Fortner, Regional Sales Manager with The Generation Companies, the property's management team; and Kevin Stuckey and Jon Campbell with Nueterra Real Estate, the hotel's owner... |
| 2008 |
Fall 2008 Gung Ho Newsletter
October 29, 2008
This spring Generation added three new properties and will open a fourth in October, bringing the total number of hotels up to 24, and the team up to 297 associates. The Staybridge Suites-Jacksonville, Florida is a 120-suite upscale extended-stay hotel and the first Staybridge Suites in Jacksonville. “Jacksonville loves the warmth and upscale feel that this suites hotel brings to the market,” said GM Rolf Holte. |
New Suburban Extended Stay Hotel Opens This Month
September 15, 2008
(BENTONVILLE, AR) Bentonville’s newest hotel, the Suburban Extended Stay, located at 200 SW Suburban Lane, is slated to open later this month. The 118-room economy-priced hotel was developed and is owned by Nueterra Real Estate Development, LLC of Leawood, Kansas, a full spectrum real estate development and management services company specializing in medical, commercial and hospitality projects. The property will be managed by The Generation Companies, LLC (Generation), a Research Triangle Park, North Carolina-based real estate developer, asset manager and operator of extended-stay hotels in North Carolina, Virginia, Florida, Tennessee, Texas and Arkansas. Generation veteran Tara Primm, formerly of the Suburban Extended Stay of Greensboro NC, has been named general manager. The hotel will bring approximately 12 jobs to the area. |
CANDLEWOOD SUITES DESTIN/MIRAMAR BEACH RIBBON CUTTING AND GRAND OPENING
April 25, 2008
(MIRAMAR BEACH, FL) – Candlewood Suites of Destin/Miramar Beach announces its grand opening and ribbon cutting for Tuesday, September 16th from 4:30pm-7:30pm. Local
business owners and residents are encouraged to come out and join the Candlewood team as
they celebrate their new home on the Emerald Coast. Complimentary food and drinks will be
provided by Carrabbas Italian Grill and Vintij Wine Boutique along with live music and various
door prizes from area vendors. |
Marketplace Believers
Summer 2008
At the helm of a quickly growing company that owns and operates hotel properties in several states, dynamic duo and fellow ORU alumni Mark Daley and Ron Jacobsen have taken on the challenge of making God and His values a central part of their business. |
All-Suites Hotel Celebrates Grand Opening May 1 April 29, 2008
(AUGUSTA, GA) On Thursday, May 1, the Candlewood Suites/Augusta, GA., the area's
newest mid-priced extended-stay all-suites hotel, will celebrate its grand opening from 4:00 to
6:00 p.m. Greater Augusta Chamber of Commerce dignitaries will officiate at a ribbon-cutting
and guests will enjoy Indian cuisine and fare from Rhinehart's Oyster Bar. Hotel owner G.B.
Sharma; other members of Claussen Hospitality; and the hotel’s management team, The
Generation Companies, will welcome the guests. |
Generation Acquires Staybridge Suites Extended-Stay Hotel in Austin, TX April 25, 2008
The Generation Companies LLC (Generation), a Research Triangle Park, North Carolina-based
real estate developer, asset manager, owner and operator of extended-stay hotels, recently
announced the acquisition of the Staybridge Suites hotel in Round Rock (north Austin), Texas.
The hotel will undergo a $1 million renovation of guest rooms and common areas, slated to start
soon. Generation tapped Steve Cotton, who boasts a long career in hospitality including
Residence Inn and Staybridge Suites, to join the organization as General Manager. |
Generation Opens New Staybridge Suites Hotel in Jacksonville, FL March 19, 2008
(RESEARCH TRIANGLE PARK, NC) Recently, The Generation Companies LLC (Generation)
opened the Staybridge Suites-Jacksonville, Florida, a 120-suite upscale extended-stay hotel
hotel at 8511 Touchton Road. This hotel is the first Staybridge Suites in Jacksonville and is
part of the Deerwood Lake development. "We are pleased to introduce the greater Jacksonville
area to Staybridge Suites," said Generation President & CEO, H. Mark Daley, III. |
Generation Opens New Candlewood Suites Hotel in Destin, Florida February 25, 2008
(RESEARCH TRIANGLE PARK, NC) On March 4, 2008, The Generation Companies LLC
(Generation) will open The Candlewood Suites-Miramar Beach/Destin, a 75-suite mid-price
extended-stay hotel at 11396 Highway 98 West. Generation is a Research Triangle Park, North
Carolina owner, developer, asset manager and operator of extended-stay hotels in Florida, North
Carolina, Tennessee and Virginia. The project, started in the fall of 2007, is opening on schedule
and in time for the busy spring break season. |
Andrew G. Bene Joins Generation Board February 25, 2008
(RESEARCH TRIANGLE PARK, NC/NEW YORK, NY) Andrew G. Bene, CRE, FRICS, Executive
Vice-President of MB Real Estate LLC in Manhattan, recently joined the Board of Advisors of The
Generation Companies, LLC (Generation), a Research Triangle Park, North Carolina owner,
developer, asset manager and operator of extended-stay hotels in North Carolina, Tennessee,
Virginia and Florida. |
| 2007 |
Generation Breaks Ground On Candlewood In Florida October 5, 2007
The Generation Companies LLC recently broke ground here for a 75-room
Candlewood Suites located at 11396 US 98 West. The $8.2 million new-construction hotel is
scheduled to open in March. |
Generation's Staybridge Suites/Memphis Celebrates Grand Opening August 20, 2007
Approximately 250 guests celebrated the grand opening of the Staybridge Suites/Memphis, a
property owned and managed by The Generation Companies, an RTP-based real estate
developer, asset manager and operator of extended stay hotels. |
Generation Generates $100M in Capital Transactions July 16, 2007
The Generation Companies, LLC (Generation), a Research Triangle Park-based real estate
developer, owner, asset manager and operator of extended stay hotels, announced today that it
has finalized more than $100M worth of capital transactions over the last 6 months. |
Generation Companies Names Castleberry Director, Acquisitions & Development June 24, 2007
The Generation Companies LLC (Generation), a Research Triangle Park-based real estate
developer, owner, asset manager and operator of extended stay hotels, recently announced that
Jeff Castleberry has joined its Corporate Service Center staff in the newly formed position of
Director, Acquisitions and Development. |
| 2006 |
Generation Companies Adds Three Operating Partners February 7, 2006
Generation Companies has added three operating partners: Richard Menster of the
Candlewood Suites in Fairfax, VA; Rachid Alaoui of the Suburban Extended Stay Hotel/Orlando
South, FL; and Alan Reichard of the Candlewood Suites in Hopewell, VA. |
| 2005 |
Generation Repositions Newly Acquired Memphis Hotel As Staybridge Suites October 28, 2005
Recently acquired the Hawthorn Suites of Ridgeway Center Parkway in Memphis, Tennessee,
and repositioned the hotel as a Staybridge Suites.
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Sterling Hotel Campus Celebrates Grand Opening July 25, 2005
Approximately 125 businesspeople, dignitaries and investors attended the recent ribbon-
cutting and grand opening of the Sterling Hotel Campus, near Washington DC. |
RTP-Based Generation Celebrates Grand Opening of DC Area Extended Stay Hotel Campus
July 22, 2005
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Generation’s Operating Partner Program Pays Off for Company and Partners March 3, 2005
What company wouldn’t want to be an innovator, boldly turning the tired old business model
upside-down and shaking it a couple of times?
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Coupland Joins Generation as CFO January 7, 2005
Randy Coupland of Raleigh, NC recently joined The Generation Companies as CFO (Chief
Financial Officer)
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| 2004 |
Generation
Cos. Voted Again as One of the Best
Places to Work October 27, 2004
The
Generation Companies was voted for the
second, consecutive year one of the
Triangle 
Business
Journal's Best Places to Work. |
Generation
Cos. Earns National Award Again May 19, 2004
The
Generation Companies received the Curry-Henderson
Award, 2nd year in a row |
Generation
Adds Operating Partner January 9, 2004
The
Generation Companies welcomes its newest
operating partner |
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| 2003 |
Generation
Forms Roll-Up Entity, Secures $39M Refinancing November 6, 2003
The
Generation Companies, LLC, recently
merged nine individual partnerships |
The
Generation Companies, Marketplace Ministries
Partner for Employee Care May
16, 2003
Marketplace
Ministries will provide pro-active,
on-site care |
The
Generation Companies Wins National Award April 25, 2003
The
Generation Companies received the Curry-Henderson
Award |
Generation
Hotels Sweep Awards at National Conference April 7, 2003
Three
properties managed by The Generation
Companies were honored |
The
Generation Companies Wins Contract to
Manage Suburban Lodge of Orlando Central
Park/Florida Mall February 10, 2003 |
The
Generation Companies Lands Management
Contract in Florida January 24, 2003
For
the Suburban Extended-Stay Hotel (Suburban)
of Destin, Florida |
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| 2002 |
Franchisees
Group to Take Control December
24, 2002
Operators
find Success, Often when Franchisers
were Running into Trouble |
The
Groundbreaking Program Turns Hotel Managers
into Entrepreneurs October
2002
Program
that promotes talented, ambitious hotel
General Managers to owner-partners |
The
Generation Companies Wins Contract to
Manage Suburban Lodge Memphis
Northeast-Bartlett August 26, 2002
The
five-year contract represents Generation's
first venture in Tennessee |
Candlewood
Suites Extended-Stay Hotel Celebrates
Grand Opening July 5, 2002 |
Franchises
Group to Take Control May
2, 2002
Operators
find Success, Often when Franchisers
were Running into Trouble |
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| 2001 |
The
Generation Companies Has Ext-Stay Focus February 7 - 20,
2001 |
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| 2000 |
Sixth
Virginia Candlewood Suites opens September 17, 2000
The
sixth Virginia Candlewood Suites and
the 99th nationwide is now open |
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