The first hotel was built on North Webb Road in Wichita, Kansas, United States, and opened in 1996.

[2] In 2024, IHG announced the entry of the Candlewood Suites brand into the German market as part of a vast franchise and cooperation agreement with German hotel operator Novum Hospitality which in turn will rebrand their current acora living the city apartment hotels to Candlewood Suites.

Typically corporate transient travelers stay only during the week, leaving the occupancy of the subject hotels lower during the weekend.

While this occupancy generally comes with a lower average rate or average daily rate (ADR), the revenue per available room sold (RevPAR) is typically higher as a result of the significantly higher occupancy and penetration rate within the respective markets.

[2] Consistent with the extended-stay business, housekeeping staff and expense are greatly reduced with the operations of this type of hotel since daily room cleanings are not provided to extended-stay guests.