Home-Towne Suites Completes Acquisition of Arbor Suites Hotels

Lexington, KY. - The rapidly expanding extended stay chain, Home-Towne Suites, has acquired Arbor Suites, which has locations in Prattville, AL and Auburn, AL. Michael Tetterton, the President of Home-Towne Suites, plans to re-flag the properties under the Home-Towne Suites name. The 64 unit properties consist of extended stay studios and 1-bedroom suites, which include fully equipped kitchens. To stay consistent with the Home Towne Suites brand, each property will undergo a complete renovation. The renovation will include flat mounted plasma TV’s in the suites, as featured in the chain’s new prototype in Bowling Green, KY. With the acquisition of Arbor Suites, Home-Towne Suites now has 8 properties throughout the southeast in its portfolio and also manages another 2 hotels operating separate from the Home-Towne Suites name. The price for the acquisition was not disclosed.

Home-Towne Suites is a chain of residential studios specializing in long term stays and designed especially for the business traveler by offering spacious apartment style suites at a fraction of the cost of normal hotel rooms. Michael Tetterton, founder and President, spent 10 years with Residence Inn by Marriott and 5 years as Vice President of Operations for Studio Plus before developing the Home-Towne Suites chain.