PROFILE |
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When business takes you away from your village, you can bed down at a Homestead. Homestead Village owns or operates more than 110 moderately priced extended-stay hotels in nearly 30 states and Washington, DC. Targeting business travelers, its fully furnished rooms offer such amenities as kitchens (complete with refrigerator, microwave, cook-top, and sink area), computer network connections, and work areas; weekly rates range between $280 and $490. Homestead Village -- which is starting to show some improvement in its battle against management turnover and heavy debt -- is a subsidiary of real estate investment company Security Capital Group.
COMPETITION |
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Extended Stay America, Inc. (ESA)
Marriott International, Inc. (MAR)
Oakwood Worldwide (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 223.50
1-Yr. Sales Growth: 53.6%
Employees: 1,770
Revenue per employee: $126,271.19
KEY PEOPLE |
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James C. Potts
CEO
Gary A. DeLapp
CFO
CONTACT INFO |
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2100 RiverEdge Pkwy., 9th Fl.
Atlanta, GA 30328
US
Phone: 770-303-2200
Fax: 770-303-0079
Online: Web Site
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