Lodging Daily News

extended-stay

Singular Focus: ESA Leverages Deep Extended-Stay Roots for Rapid Growth as Segment Explodes

Posted by Dennis Nessler on  August 15, 2023
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Extended stay is the place to be if you’re in the hotel space these days. Fortunately for Extended Stay America (ESA), the segment that has significantly outperformed the overall lodging industry in recent years is where the company has resided since its inception, and it’s now leveraging that singular focus and experience to accelerate its growth momentum despite an increasingly crowded market. The Charlotte, North Carolina-based company has built the portfolio of Extended Stay America
GRAYSON, Kentucky—The SureStay by Best Western Grayson has opened its doors in Grayson, Kentucky. The SureStay by Best Western Grayson has 60 guestrooms with new linens and terry cloths, flat-screen televisions, in-room microwaves, and mini-fridges, with some rooms offering hot tubs. The SureStay by Best Western Grayson also has a heated indoor pool with a skylit ceiling offering sunlight into the swimming area; a business center with printing and faxing; daily hot breakfast and 24-hour
Tru by Hilton Rockwall Dallas
NEWPORT NEWS, Virginia—Mumford Company announced it completed the sale of the Tru by Hilton Rockwall Dallas, located in Rockwall, Texas. “It was our pleasure to have once again had the opportunity to represent McNeill family interests in the sale of the Tru by Hilton,” said David Mumford, senior principal, Mumford Company. “For over 30 years, across many transactions as both sellers and buyers, we have enjoyed working with Mr. McNeill, his family, and investor groups

Baird/STR Hotel Stock Index Increased 8.2 Percent in July

Posted by LODGING Staff on  August 15, 2023
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HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index grew 8.2 percent in July to a level of 6,074. “Hotels stocks outperformed again in July with the global hotel brands leading the way higher,” said Michael Bellisario, senior hotel research analyst and director at Baird. “For the last few months, broader stock market momentum and investors’ risk-on appetite have bolstered the hotel stocks’ performance; additionally, continued international strength and recovering cross-border travel have benefitted the global

Aimbridge Welcomes Tiffany Cooper and Niall Kelly to its Growth Leadership Team

Posted by LODGING Staff on  August 14, 2023
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Category: Comings & Goings, People
PLANO, Texas—Aimbridge Hospitality named Tiffany Cooper and Niall Kelly to its global growth leadership team, led by Aimbridge’s Chief Global Growth Officer Allison Reid. Cooper joins as chief development officer—Americas and Caribbean, and Kelly assumes the role of head of development—EMEA. “I am delighted to welcome Tiffany and Niall to our global growth leadership team as we continue to evolve and strengthen strategies that directly support portfolio expansion and drive margin improvements for Aimbridge, our