Tag: extended stay
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...
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...
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,...
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...
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...
