extended stay
Wyndham Expands Extended Stay Offerings, Teams with Reside to Introduce Wyndham Residences in the U.S.
Reside | October 28, 2024
PARSIPPANY, N.J., Oct. 28, 2024 -- Guests seeking contemporary, upscale residence-style accommodations in urban destinations now have new offerings to consider in key cities like Houston, Washington D.C and more as a result of a 10-year development relationship between Wyndham Hotels & Resorts, the world's largest hotel franchisor, and Reside, a leading residential hospitality management company. The franchise agreements bring five residence-style hotels that are open or under development to the Wyndham brand—marking the debut of its Wyndham Residence® tier in the U.S.—with a focus on expanding its offerings across top 50 markets...
Extended Stay America Opens Newest Location in Tampa
Extended Stay America | November 10, 2020
Charlotte, NC, November 10, 2020— Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the opening of the Extended Stay America Tampa Fairgrounds located in Tampa, Florida. The four-story 144 room property features complimentary Wi-Fi, premium cable, a STAYFIT fitness room, STAYCLEAN laundry room, and our signature spacious STAYPLAY lobby with additional vending options. The rooms include fully equipped kitchens with full-size refrigerators, stovetop, cookware, utensils, and dishes, as well as pillowtop beds, recliners, spacious workspace, and television streaming capabilities. ...
Economy Extended-Stay Hotels Hold Up Best During Q2 2020
Rodney Clough | September 8, 2020
By Rodney Clough, Chelsey Leffet The second quarter of 2020 was the low point for the hospitality industry, as the world was gripped by the pandemic and as travel lockdowns were widespread. HVS compiled the 2020 performance statistics of brands reported by public companies for the second quarter and compared the data to second-quarter performance of 2019. The data reflect the resiliency of economy, extended-stay brands during the first months of the pandemic. Average Q2 Occupancy Decline (Points of Occupancy) Source: Stock Filings Economy, extended-stay brands experienced the least amount of impact, albeit still a significant ...
Residence Inn by Marriott Hotel to Open in Mt. Juliet, Tennessee
Residence Inn by Marriott | July 28, 2020
Mt. Juliet, TN – July 28, 2020 – The 124-suite Residence Inn by Marriott in Mt. Juliet, Tennessee is set to open this week with its upscale, stylish décor that offers flexibility, while creating a unique environment. Located at 5004 Crossings Circle, the all-suite Residence Inn Nashville Mt. Juliet will operate as a Marriott franchise, owned and managed by Pinnacle Hospitality Partners, LLC of Nashville, Tennessee. Located 10 miles from Nashville International Airport and 20 minutes from downtown Nashville, the Residence Inn Nashville Mt. Juliet offers its guests convenient access to the Providence Mall, the Opryland Convention Center...
HR Group Opens Hyatt House Frankfurt Eschborn, Germany
Hyatt House | February 11, 2020
CHICAGO (February 10, 2020) – Hyatt Hotels Corporation (NYSE:H) announced today the opening of Hyatt House Frankfurt Eschborn, which marks the ninth Hyatt-branded hotel in Germany. Managed by the HR Group, the 190-room Hyatt House hotel is located in the well-established business area of Eschborn and aims to provide extended-stay residents a home away from home while on the road. Ideal for guests who are looking to continue their work and personal routines, Hyatt House Frankfurt Eschborn provides apartment-style living, which makes the business traveler feel at home. The hotel offers easy access to the airport, the Main-Taunus-Zentru...
Best Western® Hotels & Resorts Unveils SureStay Studio
Best Western Hotels & Resorts | October 9, 2019
PHOENIX -- October 9, 2019 -- During General Session on Saturday, October 5th at the 2019 Best Western North American Convention and Global Conference, Best Western Hotels & Resorts (BWHR) announced the expansion of the SureStay Hotel Group with the launch of SureStay StudioSM. Competing in the premium-economy extended stay segment, SureStay Studio was created to respond to the needs of both travelers and hotel developers. "SureStay Studio solidifies BWHR as a global leader in the economy and premium-economy segments," said David Kong, President and Chief Executive Officer of BWHR. "In a short span of time, SureStay Hotel Group ha...
Extended-Stay Hotels: Growth or Performance?
Robert Mandelbaum | June 12, 2018
By Robert Mandelbaum When investing in hotels, recent year-over-year trends in revenues and profits, along with current performance values, are two of the metrics most frequently evaluated. Investors need to balance the current levels of a property's occupancy, ADR, revenues and profits, with the recent direction of the changes in these measurements. In an attempt to time the market, some people prefer to invest in hotels that are currently achieving low levels of revenues and profits, but are coming out of the bottom of the cycle and achieving strong gains on the top and bottom lines. Others prefer hotels that have are approaching, or ...
Extended-Stay Hotels Account for 27% of All Projects Under Construction in the United States
Lodging Econometrics | May 31, 2018
May 30, 2018 – PORTSMOUTH, NH According to recent reports from Lodging Econometrics (LE), 1,360 Projects/143,379 Rooms in the U.S. Construction Pipeline are Extended-Stay projects. Of these, 428 Projects/47,340 Rooms are already Under Construction, accounting for 27% of all projects Under Construction in the Total Pipeline. Additionally, 628 Projects/66,846 Rooms are Scheduled to Start Construction in the Next 12 Months while an additional 304 Projects/29,193 Rooms are in Early Planning. Home2 Suites by Hilton currently has the largest Extended-Stay Pipeline with 377 Projects/39,474 Rooms. The second largest brand is Marrio...
