Showing Results for tag: extended stay

ESA acquisition financed by mega-loan

News Story / 22 June 2021

US: Blackstone and Starwood Capital have part funded their acquisition of Extended Stay America with a $4.65 billion loan.

The Hoxton targets extended-stay market

News Story / 28 May 2021

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

News Story / 26 May 2021

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

News Story / 24 May 2021

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.

Homelike sees increasing demand for mid-term stays

News Story / 30 April 2021

UK: Rental platform HomeLike has reported increased demand for mid-term property rental as travel restrictions are lifted and temporary accommodation is sought for relocation and work purposes.

ESA shareholder vote set for June 8

News Story / 27 April 2021

US: Extended Stay America set June 8 as the date for a shareholder vote on its $6 billion acquisition by a 50/50 joint venture between Blackstone Real Estate Partners and Starwood Capital Group.

Residence Inn opens in Sedona

News Story / 20 April 2021

US: A 90-suite Residence Inn by Marriott hotel in Sedona, Arizona has opened for business.

Miami Residence Inn property sold for $31 million

News Story / 29 March 2021

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.

Chatham Lodging Trust sells its Innkeepers JV interest

News Story / 26 March 2021

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

News Story / 24 March 2021

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.

Extended stay pioneer Jack DeBoer dies at 90

News Story / 14 March 2021

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

News Story / 09 March 2021

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.

ESA launches Premier Suites brand

News Story / 26 February 2021

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.

Freehand adds extended stay offer

News Story / 15 February 2021

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

News Story / 03 February 2021

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.

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