Showing Results for tag: STAY
Condor sells hotel portfolio to Blackstone affiliate
US: Condor Hospitality Trust has completed the sale of its 15-hotel portfolio.
Mainsail rebrands corporate housing division
US: Mainsail Lodging & Development has announced the launch of Stay Sojo, a rebranded and expanded incarnation of the company’s Mainsail Corporate Housing arm.
Record breaking Q3 for US extended stay market
US: Q3 performance for US extended stay hotels set 14 new records for metrics including demand, occupancy, ADR and REVPAR, according to the latest quarterly report from The Highland Group.
Extended stay hotels continue to lead US recovery
US: The latest report from The Highland group shows that US extended stay hotels recorded an average occupancy of 77.4 per cent in September, compared with 61.6 per cent for the wider hotel industry.
Accor takes over management of Singapore serviced apartments
Singapore: Accor has signed a management agreement to operate 8 on Claymore Serviced Residences, located in Singapore's Orchard Road area.
Hyatt House makes African debut in Johannesburg
South Africa: Hyatt House has opened its first property in Africa, at Sandton in Johannesburg.
Home2 Suites opens in Tupelo
US: A Home2 Suites by Hilton has opened in Tupelo, Mississippi, the birthplace of Elvis Presley.
Lodging Dynamics chosen for Arizona extended stay hotel
US: Lodging Dynamics Hospitality Group has been appointed to manage the Home2 Suites by Hilton Phoenix Avondale.
Extended Stay America partners with HotelPlanner
US: HotelPlanner, a travel technology platform, has announced a service provider partnership with Extended Stay America Hotels.
THG opens Washington State extended stay hotel
US: Developer The Hotel Group (THG) along with Stream Real Estate, has opened the Residence Inn by Marriott Wenatchee, in Wenatchee, Washington.
stayAPT Suites to open two hotels in San Antonio
US: Extended stay hotel operator stayAPT Suites is planning to open two hotels in the San Antonio area next spring.
Sandpiper adds Texas properties
US: Sandpiper Hospitality has been selected to manage four properties currently under development in Texas that will join the Wyndham Hotels & Resorts portfolio.
Hilton teams up with pet care specialist for extended stay properties
US: Hilton and Mars Petcare, the world’s largest pet care company, are teaming up "to set a new standard for pet-friendly travel".
Home2 Suites hits the 500 mark
US: Extended stay brand Home2 Suites by Hilton has opened its 500th property.
YAYS unveils rebranding
Netherlands: Aparthotel and serviced apartment operator YAYS has undergone a rebranding, with a revamped logo, new colour palette, renamed properties and more.
Staybridge Suites makes Welsh debut
UK: Staybridge Suites Cardiff, the extended stay flag's eighth property in the UK, has opened on the East Dock in the city’s Atlantic Wharf district.
Choice to open Saudi extended stay hotels
KSA: Choice Hotels will open extended stay properties in Jeddah and Riyadh later this year.
HSF provides construction loan for Colorado extended stay hotel
US: HALL Structured Finance (HSF) has provided a $55.6 million loan for the construction of the Marriott International SpringHill Suites Hotel and Element by Westin Hotel in downtown Colorado Springs.
Limbert takes president role at Red Roof
US: Economy and extended stay hotel operator Red Roof has named George Limbert as president of the company effective immediately.
Detroit's Book Tower to feature extended stay hotel
US: The Book Tower, one of the most iconic buildings in Downtown Detroit is being redeveloped to include the city’s first extended stay hotel.
Residence Inn to make Turkish debut next month
Turkey: Marriott will open its first Residence Inn extended hotel in Turkey next month with the debut of the Residence Inn by Marriott Istanbul Atasehir.
Chatham adds to board of trustees
US: Chatham Lodging Trust (CLT), a lodging real estate investment trust (REIT) in the extended stay space, has appointed Ethel Isaacs Williams and David J. Grissen to the company's board of trustees.
US extended stay sector continues strong recovery
US: The Highland Group has released its June bulletin, revealing details of the recovery of the extended stay sector post-pandemic.
KSL enters extended stay sector
US: Private equity firm KSL Capital Partners has launched Mission Hill Hospitality, a portfolio company created to acquire select service and extended stay hotels.
Red Roof unveils new HomeTowne Studios prototype
US: Red Roof unveiled a new prototype for its HomeTowne Studios (HTS) by Red Roof extended stay brand at the 2021 AAHOACON conference of hotel franchisees.
Chatham Lodging Trust acquires two Texas extended stay hotels
US: Chatham Lodging Trust has acquired two branded extended stay hotels comprising 269 rooms at the Domain mixed-use development in Austin, Texas.
Colombia's first Residence Inn opens for business
Colombia: The 131-key Residence Inn by Marriott Bogota is the extended stay brand's first property in the country.
Hyatt House to make African debut
South Africa: Hyatt House Johannesburg Sandton will be the first property for Hyatt’s extended stay brand in Africa.
Sandpiper to manage North Carolina extended stay property
US: Sandpiper Hospitality has added Suburban Extended Stay Hotels in North Carolina to its portfolio, expanding its partnership with Choice Hotels.
IHG to open dual-branded extended stay properties
US: IHG Hotels & Resorts has revealed plans to launch a dual-branded model of its new avid brand and extended stay Candlewood Suites brand in select markets.
Sage unveils first extended-stay hotel
US: Sage Hospitality Group has announced its independent extended-stay hotel Catbird, located in Denver, with plans to replicate the concept in other markets.
Home2 Suites to add more than 10,000 keys
US: Hilton's extended-stay brand Home2 Suites has a pipeline of 70 properties across North America and APAC.
Work starts on Best Western hotel with extended stay element
Canada: Construction has started on a $20 million Best Western Plus in St. Stephen, New Brunswick.
ESA faces shareholder lawsuit
US: Extended Stay America is facing a lawsuit from one of its shareholders, a Michigan pension fund, after its recent sale.
Plans revealed for Hotel Indigo extended stay project
UK: Plans have been submitted by Ashall Projects to repurpose a former Post Office and Sorting Office in Blackpool into a Hotel Indigo and Indigo Suites.
Oakwood to open Premier property in Melbourne
Australia: Oakwood Premier has announced its Australian debut as part of a new mixed-use tower in Melbourne.
US Extended stay occupancy levels rapidly improve
US: Extended stay occupancy rates continue to rise in the United States, nearly matching pre-pandemic levels.
ESA launches Premium Suites brand with 25 properties
US: Extended Stay America has assigned 25 "new or completely renovated" properties to its new higher price point brand.
Condor to sell off extended stay properties
US: Hotel-focused real estate investment trust Condor Hospitality Trust is looking to sell a portfolio of 15 select service and extended stay hotels.
ESA acquisition financed by mega-loan
US: Blackstone and Starwood Capital have part funded their acquisition of Extended Stay America with a $4.65 billion loan.
Sandpiper purchases extended stay hotel in North Carolina
US: Sandpiper Lodging Trust has acquired the Suburban Extended Stay in Jacksonville, North Carolina.
Wyndham rolls out dual branded concept
US: Wyndham says its new La Quinta and Hawthorn Suites extended-stay/dual-brand concept has seen "great growth momentum".
Extended Stay America sale gets the green light
US: Blackstone and Starwood Capital Group’s $6.3 billion acquisition of Extended Stay America has been approved by shareholders.
Accor signs first Mercure Living for Malaysia
Malaysia: Accor has signed the 299-key Mercure Living Putrajaya, marking a debut for the extended stay brand in Malaysia.
AHS targets senior extended stay guests with new brand
Thailand: Absolute Hotel Services (AHS) has launched its Eastin Estates brand to target extended stay senior guests.
ESA suitors raise their offer ahead of shareholder vote
US: Blackstone Real Estate Partners and Starwood Capital Group have increased their offer to purchase Extended Stay America to $20.50 per share, $1 per share more than their initial offer.
The Hoxton targets extended-stay market
Spain: Following the announcement of five European locations throughout 2022 and 2023, The Hoxton in Barcelona will debut the brand’s latest room category which caters to long stay guests.
ESA director nominees go public against proposed $6 billion sale
US: Three directors who have been nominated to the board at Extended Stay America Inc by said on Tuesday that a proposed sale undervalues the company and they can help create value as board members if the company remains independent.
Delaware extended stay hotel changes hands
US: Savills has represented Bethany Boardwalk Group and Bethany Beach Ocean Inn, in the sale of the 112-room Bethany Beach Ocean Suites Residence Inn.
Hilco to sell Indiana Towneplace Suites property
US: Hilco Real Estate LLC announces the bid deadline of June 16 for a three-storey, 88-key TownePlace Suites by Marriott in Vincennes, Indiana.
