 |
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. |
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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. |
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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. |
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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?
|
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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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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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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 |
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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The
Generation Companies Has Ext-Stay Focus
February 7 - 20,
2001 |
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Sixth
Virginia Candlewood Suites opens
September 17, 2000
The
sixth Virginia Candlewood Suites and
the 99th nationwide is now open |