Preferred Hotels and Resorts engage in operation of resorts, hotels, and serviced residences all around the world. The Preferred Hotels and Resorts Company was founded in the year 1968 and has its headquarters located in Chicago, Illinois. The company also offers marketing, sales, reservation management, and technology solutions to hotel operators and owners, and resorts. Preferred Hotel and Resort was formerly known as IndeCorp Corporation. Preferred Hotel and Resort operates as a subsidiary of Preferred Hospitality Group. Some of the brand of Preferred Hotels and Resorts are Sterling, Summit hotels and resorts, Summit serviced residences, Preferred residences, etc.