The “founder of extended-stay” Jack DeBoer received the International Society of Hospitality Consultants Pioneer Award at the Americas Lodging Investment Summit in January. The award recognized the role DeBoer took in creating the extended-stay and all-suites hotel model that has been growing steadily for nearly two decades.
The extended-stay hotel model was first introduced in 2002 with Value Palace, which is now WoodSprings by Choice, according to ISHC. Well before that time, DeBoer was laying the groundwork for that concept. In 1975, he designed and built the first Residence Inn, an all-suite hotel, in Kansas. It was followed by Summerfield Suites and Candlewood Suites.
DeBoer built or franchised 103 more properties to Residence Inn before selling it to Marriott Corp. in 1987. Summerfield Suites was later sold to Hyatt and Candlewood was purchased by InterContinental Hotels Group.
DeBoer, who also founded WaterWalk Hotel Apartments, currently serves as the chairman of the board for the Hix Corporation. He was unable to be in Los Angeles to accept the award and sent in a video with his acceptance.
“Jack DeBoer is extremely deserving of this award and ISHC is honored to be able to give it to him. As the pioneer of the extended-stay concept over 40 years ago, his vision has forever changed the landscape of the hospitality industry. Today the extended-stay segment is even more relevant to our industry than ever before and continues to grow exponentially. ISHC members recognize the incredible impact Jack had on our industry and we are thankful for his legacy,” ISHC Executive Director Andrea Belfanti.
Extended-stay hotel revenues reached an all-time high of $12.4 billion in 2017 with an increase of 12.8 percent or $1.4 billion over 2016.