Showing Results for tag: extended-stay

Record breaking Q3 for US extended stay market

News Story / 15 November 2021

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

News Story / 09 November 2021

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.

Home2 Suites opens in Tupelo

News Story / 29 October 2021

US: A Home2 Suites by Hilton has opened in Tupelo, Mississippi, the birthplace of Elvis Presley.

Sandpiper adds Texas properties

News Story / 16 September 2021

US: Sandpiper Hospitality has been selected to manage four properties currently under development in Texas that will join the Wyndham Hotels & Resorts portfolio.

Staybridge Suites makes Welsh debut

News Story / 06 September 2021

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.

Limbert takes president role at Red Roof

News Story / 27 August 2021

US: Economy and extended stay hotel operator Red Roof has named George Limbert as president of the company effective immediately.

Residence Inn to make Turkish debut next month

News Story / 24 August 2021

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

News Story / 11 August 2021

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.

KSL enters extended stay sector

News Story / 09 August 2021

US: Private equity firm KSL Capital Partners has launched Mission Hill Hospitality, a portfolio company created to acquire select service and extended stay hotels.

Hyatt House to make African debut

News Story / 03 August 2021

South Africa: Hyatt House Johannesburg Sandton will be the first property for Hyatt’s extended stay brand in Africa.

Sage unveils first extended-stay hotel

News Story / 27 July 2021

US: Sage Hospitality Group has announced its independent extended-stay hotel Catbird, located in Denver, with plans to replicate the concept in other markets.

ESA faces shareholder lawsuit

News Story / 09 July 2021

US: Extended Stay America is facing a lawsuit from one of its shareholders, a Michigan pension fund, after its recent sale.

Condor to sell off extended stay properties

News Story / 23 June 2021

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

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.

Thank you sponsors