extended-stay hotels
Extended-Stay Hotels: One of the Fastest Growing Segments in the U.S.
Ryan Mark | May 22, 2023
By Ryan Mark While several new brands have emerged within the limited- and select-service segments over the past decade, the expansion of extended-stay brands was limited prior to 2021, and many of the hotels within this segment in the U.S. were dated. However, during the last two years, economy and midscale extended-stay brands have experienced a significant expansion. One of the most prominent developments is Choice Hotels International, Inc.’s mid-year 2022 agreement with ServiceStar Capital Management to develop at least 21 new Everhome Suites hotels throughout Colorado, Arizona, Utah, Nevada, and Florida. This deal represent...
Meyer Jabara Hotels to Host Extended Stay Development Seminar
Meyer Jabara Hotels | April 13, 2022
Experts in hotel development, finance, construction, and asset management will meet in Nashville to discuss why the thriving extended-stay market is ripe for ongoing development; Event to be held April 20 at Fountains at Gateway Danbury, CT — April 13, 2022 — Next week Meyer Jabara Hotels will host its first Extended Stay Development Seminar to educate people wanting to build, own or supply hotels in this thriving market segment. The event will be held at 1:00 p.m. on Wednesday, April 20th, at The Fountains at Gateway, Plaza Room, 1500 Medical Center Parkway, in Murfreesboro, Tenn. “If you want to get a deal done in the extende...
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 ...
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 ...
Starwood Capital Group Selects Cycas Hospitality to Operate Four London Extended-Stay Hotels
Starwood Capital Group | October 13, 2016
Starwood Capital Group, through a controlled affiliate of Starwood Global Opportunity Fund X (SOF X), has appointed Cycas Hospitality to manage its four extended-stay hotels in Earls Court/Kensington, London Bridge, Bermondsey and Tower Bridge. The portfolio of 640 studios and one/two-bedroom open plan suites, which SOF X acquired in 2015, is currently undergoing a comprehensive refurbishment that is due to be completed in mid-2017. "We appointed Cycas Hospitality based on the company's excellent track record in the extended-stay sector in the U.K. and Europe," said Nick Chadwick, Vice President at Starwood Capital Group. "We are confid...
