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Extended-Stay Segment Remains Strong, Despite New Supply

Extended-Stay Segment Remains Strong, Despite New Supply

Conversations in the hospitality industry in 2017 revolved around the impact of new supply and slowing average daily rate (ADR) growth. The extended-stay segment has not been spared from new supply, but it has continued to post strong performance results. ...

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WoodSpring Suites Increases Footprint in the Chicago Area

WoodSpring Suites Increases Footprint in the Chicago Area

ROCKVILLE, Md.—Choice Hotels International, in collaboration with Holladay Properties, LLC and Nationwide Hotel Management Company LLC, opened WoodSpring Suites Chicago Tinley Park. The four-story, newly constructed extended-stay hotel is located across from the Tinley Park Convention Center and less than a ...

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Extended-Stay Accounts for 27 Percent of All Hotel Construction

A recent report from Lodging Econometrics shows that 1,370 projects totaling 143,344 rooms in the U.S. hotel construction pipeline are extended-stay projects. Of these, 424 projects/46,551 rooms are under construction, accounting for 27 percent of all hotel projects under construction ...

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Choice Completes WoodSpring Suites Acquisition

Choice Completes WoodSpring Suites Acquisition

ROCKVILLE, Md.—Choice Hotels completed its acquisition of WoodSpring Suites’ brand and franchise business for $231 million. First announced in December 2017, the deal adds nearly 240 extended-stay hotels in 35 states to Choice’s portfolio. Choice says that WoodSpring’s asset-light franchise business ...

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YOTEL Brings Extended-Stay Brand YOTELPAD to the United States

YOTEL Brings Extended-Stay Brand YOTELPAD to the United States

YOTEL this week announced its new extended-stay brand—YOTELPAD. Building on the design principles of YOTEL and YOTELAIR cabins, YOTELPAD translates luxury serviced apartments into purposefully designed compact homes, known as PADs. YOTELPAD will launch globally with the five projects already ...

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