Tag: extended stay
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...
Extended Stay Properties Make Up 28 Percent of Hotel Construction Projects
According to recent reports from Lodging Econometrics (LE), there are 1,295 extended-stay projects/136,945 rooms in the U.S. hotel construction pipeline. Currently, 438 projects/48,903 rooms...
Extended-Stay Segment Expected To Grow Substantially
In the first half of the year, the U.S. hotel construction pipeline included 1,288 extended-stay projects totaling 136,649 rooms, according to Lodging Econometrics. More...