Showing Results for tag: STAY
Residence Inn opens in Sedona
US: A 90-suite Residence Inn by Marriott hotel in Sedona, Arizona has opened for business.
Two ESA directors are against $6 billion sale to Starwood Capital and Blackstone
US: Two directors of Extended Stay America's real estate trust board are against the company's proposed sale, according to an SEC filing.
Stay Angels boosts Sheffield portfolio
UK: Serviced apartment provider Stay Angels has added eight luxury studios to its portfolio in Sheffield.
Quorum to manage Arizona extended stay hotel
US: Quorum Hotels & Resorts will open the Home2Suites by Hilton Mesa Longbow in Mesa, Arizona in May this year.
Yays CEO Heule steps down, Schwartz takes the helm
Netherlands: Yays’ CEO and co-founder Peter Heule is stepping down from his role, to be replaced by former Cerberus Capital Management VP Zachary Schwartz.
Miami Residence Inn property sold for $31 million
US: HHLP Coconut Grove Associates LLC, an affiliate of Philadelphia-based Hersha Hospitality Management, has sold the Residence Inn Miami Coconut Grove for $31 million.
Louvre Hotels launches aparthotel brand
France: Louvre Hotels Group has announced the launch of its Tulip Residences aparthotel brand.
Chatham Lodging Trust sells its Innkeepers JV interest
US: Chatham Lodging Trust REIT that invests in extended-stay and select-service hotels, has announced the sale of its 10.3 per cent interest in the Innkeepers joint venture with Colony Capital.
Shareholder opposition to ESA sale grows
US: Several major shareholders in Extended Stay America have expressed their opposition to the proposed sale of the company to a Starwood Capital/Blackstone JV.
First UAE Residence Inn opens its doors
UAE: Residence Inn by Marriott Al Jaddaf, the brand’s first property in the UAE, has opened in Dubai.
Blackstone and Starwood Capital JV to acquire Extended Stay America for $6 billion
US: A 50/50 joint venture between funds managed by Blackstone Real Estate Partners and Starwood Capital Group have signed a definitive agreement to acquire Extended Stay American for $19.50 per share in an all-cash transaction valued at $6 billion.
Extended stay pioneer Jack DeBoer dies at 90
US: Jack DeBoer, the extended stay pioneer who founded the Residence Inn, Summerfield Suites, Candlewood Suites, Value Place and WaterWalk, has died after a lengthy battle with cancer.
Marriott boosts extended stay portfolios
US: Marriott Bonvoy's portfolio of longer stay brands – Element Hotels, Residence Inn by Marriott, and TownePlace Suites by Marriott – has announced a selection of new openings and offerings.
Hyatt House property opens in Tallahassee
US: The 120-key Hyatt House Tallahassee Capitol – University has opened in Tallahassee’s Railroad Square Art District.
STAY opts for Infor PMS
UK: Serviced apartment provider STAY has deployed Infor HMS property management system for its 169 apartment properties in Camden, London.
Residence Inn to make Nordic debut with Copenhagen property
Denmark: Marriott International has signed an agreement with Danish hotel operator Core Hospitality to bring the first Residence Inn by Marriott to the Nordics.
ESA reports $65.7 million net income for Q4 2020
US: Extended Stay America Inc. and ESH Hospitality Inc. reported net income of $65.7 million for Q3 2020, on total revenue of $259.3 million.
ESA launches Premier Suites brand
US: Extended Stay America has announced the launch of Extended Stay America Premier Suites, a new brand with a higher price point than its existing portfolio.
ESA adds three conversion properties in Oklahoma
US: Extended Stay America has added three properties in Oklahoma through franchise conversions.
Tharaldson opens Michigan extended stay hotel
US: Tharaldson Hospitality Management has opened the 147-key Residence Inn Grand Rapids Downtown.
Staybridge Suites to open first Indian property
India: IHG Hotels and Resorts has announced the debut of Staybridge Suites in India with the signing of Staybridge Suites Bengaluru Thanisandra.
Accor's Novotel Living brand to make Estonian debut
Estonia: Accor has announced plans for a 124-key Novotel Living extended stay hotel in Tallinn.
Extended stay is bright spot for Choice Hotels
US: Choice Hotels has highlighted the strong performance of its extended stay portfolio in a recent earnings call.
2021 Serviced Apartment Awards open for entries
UK: The entry period for the sixth annual Serviced Apartment Awards is now open and will run until April 30th.
Synergy adds London units with City Apartments partnership
UK: Synergy Global Housing has added a new property in The City of London to its inventory.
Residence Inn opens Delaware property
US: The 104-key Residence Inn Rehoboth Beach has opened for business in Delaware.
Freehand adds extended stay offer
US: Freehand Hotels, which has locations in Chicago, Miami, New York and Los Angeles, has launched a membership program and extended stay offer.
Hyatt launches extended-stay offer
Worldwide: Hyatt Hotels has launched The Great Relocate, a long-stay package for its World of Hyatt members with stays eligible to contribute towards achieving elite status.
Green light for Connecticut extended stay hotel
US: A four storey, 122-key extended stay hotel close to the Central Connecticut State University campus in Newington has been granted planning consent.
Extended stay takes bigger slice of US new inventory
US: Extended stay properties accounted for nearly 30 per cent of all new hotel projects opened in the US last year.
Marriott opens first UK dual-branded property
UK: A dual-branded Residence Inn and Moxy hotel has opened in Slough town centre.
Dual-branded extended stay hotel set for Florida's Space coast
US: Construction will start next month on a dual-branded MainStay Suites and Sleep Inn property in Rockledge, Florida.
Yays enters residential rental market with six month stays
Netherlands: Yays has launched the Yays resident concept, which offers stays of up to six months via the Dutch rental platform Funda.
Scholar opens extended stay hotel by Penn State
US: Scholar Hotel Group has opened a property in State College, Pennsylvania, a block from the Pennsylvania State University.
Marriott opens brace of California extended stay hotels
US: Marriott has opened a Residence Inn and a Springhill Suites in California, adding 212 units to its extended stay portfolio in the state.
Choice grows MainStay extended stay portfolio by 35 per cent with franchise deal
US: Choice Hotels International has awarded franchise agreements to Gulf Coast Hotel Management to convert 15 properties to the MainStay Suites brand.
JSM Group buys Liverpool apartments from Signature Living
UK: Signature Living's Bling Bling building in Liverpool has been sold to JSM Group, owner of the Prestige Stay aparthotel brand.
Element opening reflects growing appetite for serviced apartments in Dubai
UAE: Marriott's Element Hotels brand has opened a 269-key property in Dubai's Al Jaddaf neighbourhood.
Residence Inn opens in Colorado ski resort
US: Operator Remington Hotels has opened the Residence Inn Steamboat Springs in Steamboat Springs, Colorado.
Sonesta completes IHG switch and launches Simply Suites brand
US: Service Properties Trust (SVC) has completed the transition of branding and management for 99 hotels to subsidiaries of Sonesta International Hotels Corporation.
Accor to bring Movenpick Living brand to Europe
France: Accor has signed two European properties under its Movenpick Living extended stay brand, and launched a new Apartments & Villas website.
Residence Inn opens at Columbus airport (1)
US: First Hospitality has opened the 122-key Residence Inn by Marriott Columbus Airport.
ESA sells California property
US: Extended Stay America has sold an extended stay hotel in Milpitas, California, for $65 million.
Sandpiper to manage North Carolina extended stayhotel
US: Sandpiper Hospitality has signed a third party management contract with Liberty Investment Properties, Inc. for WoodSpring Suites Charlotte – University Research Park.
ESA adds seven properties through TWC deal
US: Extended Stay America has added seven properties to its portfolio through conversions, bringing the total number of hotels in its system to 647.
Join SAN's 2021 trends webinar
UK: Serviced Apartment News will be hosting a webinar on December 1st, looking at trends which will affect the serviced apartment and extended stay sectors over the next 12 months.
Chan joins Labtech as marketing director
UK: Labtech has appointed Rosalind Chan as marketing director for its flexible workspace brand LABS and serviced apartment arm STAY.
Brace of openings for My Place
US: My Place Hotels of America has opened properties in Green Bay, Wisconsin, and Vancouver, Washington State.
Citystay launches InnClusive extended stay rental platform
UK: CityStay Group has launched InnClusive, a rental platform targeting clients who "fall in the gap between short lets and assured shorthold tenancies".
Four Seasons launches extended stay offer
Global: Four Seasons has launched an extended stay offer in response to the rise in remote working during the Covid-19 pandemic.
