Skift Take

What distress? The $6 billion price tag on Extended Stay America is a result of its real estate and durable customer base. Period. That is why it is significantly outpacing the rest of the hotel industry during the pandemic.

Series: Early Check-In

Early Check-In

Editor’s Note: Early Check-In, Making Sense of the Week in Hotel Deals & Development is available exclusively for subscribers to Skift Pro.

First thing every Monday morning, hospitality reporter Cameron Sperance brings readers exclusive reporting and insights into hotel deals and development, and how those trends are making an impact across the travel industry. Start your week by being smarter.

Learn More

Blackstone and Starwood Capital’s $6 billion joint acquisition of Extended Stay America is the largest hotel deal announced from the pandemic so far — but it isn’t the kind of pandemic hotel bargain many investment firms are jockeying for. Extended Stay America, through