Abbreviation for ribonucleic acid: a nucleic acid that is generally single stranded (double stranded in some viruses) and plays a role in transferring information from DNA to protein-forming system of the cell.
On July 21, 2008, Wyndham Hotel Group purchased US Franchise Systems, Inc., owner of the Microtel Inns & Suites and Hawthorn Suites brands, from Global Hyatt. US Franchise Systems had previously sold the America's Best Inn (formerly Best Inns) chain to the Country Hearth Inns chain in 2005. That holding company is now known as America's Best Franchising Inc. A prototype Microtel Inns and Suites located in Jacksonville, Florida. As of 2012, Microtel's logo has changed to match the logo style of Wingate, and Hawthorn Suites, both owned by Wyndham Hotel Group.
DEFINITION of 'Condotel' A condominium project that is operated as a hotel with a registration desk, cleaning service and more. The units are individually owned. Unit owners also have the option to place their unit in the hotels rental program where it is rented out like any other hotel room. BREAKING DOWN 'Condotel' There are pros and cons to condotel ownership. Pros include rental income to offset ownership expenses, a great vacation home, a cared-for home and potential price appreciation. On the down side, you might have to make a reservation for your own unit several days or weeks in advance.