| Business Summary | | Candlewood
Hotel
Company,
Inc.
operates,
franchises,
manages
and
develops
Candlewood
Suites
hotels
to
serve
mid-market
extended-stay
business
travelers.
As
of
December
31,
2000,
the
Company
had
a
total
of
72
company-operated
hotels
(which
is
comprised
of
owned,
leased
and
joint-venture
hotels),
two
managed
hotels
and
17
franchised
hotels
in
operation.
In
addition,
Candlewood
had
one
Company-owned
hotel,
three
joint-venture
hotels
and
seven
franchised
hotels
under
construction.
Candlewood
hotels
contain
approximately
75
to
280
rooms,
comprised
of
studios
and
one-bedroom
suites,
both
of
which
contain
business
and
other
amenities.
Up
to
25%
of
the
rooms
in
a
standard
Candlewood
hotel
are
one-bedroom
suites,
which
are
approximately
525
square
feet,
and
are
designed
to
accommodate
guests
who
desire
a
bedroom
separated
from
the
kitchen
and
office
area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CNDL
is
in
the
business
of
operating,
managing,
developing
and
franchising
Candlewood
business
hotels.
As
of
12/31/00,
the
Company
operated
72
Candlewood
hotels
and
managed
two,
and
franchisees
operated
17.
For
the
six
months
ended
6/30/01,
revenues
rose
1%
to
$67
million.
Net
loss
applicable
to
Common
totalled
$3.8
million,
up
from
$721
thousand.
Revenues
reflect
increased
revenue
per
available
room.
Higher
loss
reflects
an
increase
in
personnel,
depreciation
and
rent
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jack DeBoer, 70 CEO,
Chairman, | $545K | James Roos, 49 Pres
and COO | 320K | Warren Fix, 62 CFO,
Exec. VP, Sec., Director | 320K | Jeffery Hitz, 55 Sr.
VP--Devel. | -- | H. Steven Meadows, 47 VP--Operations | 175K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|