Paymentech Inc. has signed several extended-stay hotels - including Candlewood Suites, Homestead Village, Summerfield Suites, and Sierra Suites Hotels - as merchant processing clients.

Paymentech, a Bank One Corp. unit, said the extended-stay properties are an important target market.

They "favor a payment provider with hospitality expertise and a long- term commitment to their industry as a financial services partner," said Gary T. Staub, Paymentech group executive for business development.

The new hotel clients have a combined $250 million in annual credit card sales volume and 200 locations nationwide.

"Paymentech is one of the few processors with a full range of specialized services for the lodging industry," said Mark S. Dubrow, director of accounting for Homestead Village in El Paso, Tex.

"It was important to find a credit card processing system that was compatible with our property management system."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.