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Articles tagged “extended stay america”

Coronavirus

Why Did Extended Stay America Settle for a Lowball $6 Billion Takeover Bid?

Extended Stay America's significant hotel ownership, an industry anomaly these days, drove it to sell, or at least that was the C-suite argument. Buildings are getting old and need a lot of money to renovate. Major shareholders aren't buying that argument.

Cameron Sperance, Skift | 3 years ago

Why Did Extended Stay America Settle for a Lowball $6 Billion Takeover Bid?

Coronavirus

Japan Added Thousands of Hotel Rooms Ahead of the Olympics: Now What?

The pandemic shows just how futile it is to build a hotel just for the sake of an event like the Olympics. Real estate is a long-term play.

Cameron Sperance, Skift | 3 years ago

Japan Added Thousands of Hotel Rooms Ahead of the Olympics: Now What?

Coronavirus

Extended Stay America Wants All These Pandemic Profits to Be Part of Its Model After the Crisis

Longer-term stays may buoy Extended Stay America through the pandemic, but the company aims to build up its business traveler base to garner greater profits post-pandemic.

Cameron Sperance, Skift | 3 years ago

Extended Stay America Wants All These Pandemic Profits to Be Part of Its Model After the Crisis

Coronavirus

Extended Stay America Outperforms Other Hotels by Doubling Down on Longer Stays

Repositioning properties to function more like apartments than hotels is a financial savior for Extended Stay America.

Cameron Sperance, Skift | 4 years ago

Extended Stay America Outperforms Other Hotels by Doubling Down on Longer Stays

Coronavirus

Private Equity Investor Blackstone Downplays Its Pain From Battered Hotels

Blackstone may not have a lot of exposure to the hotel industry today, but that doesn't mean the investment firm isn't on the hunt for distressed hospitality investment opportunities during the pandemic.

Cameron Sperance, Skift | 4 years ago

Private Equity Investor Blackstone Downplays Its Pain From Battered Hotels

Coronavirus

Your Guide to Hotel Companies’ Coronavirus Safety and Cleaning Initiatives

Hotel companies' similar new and heightened health and safety standards don't leave a lot of room for brand distinction unless the brand is the one lacking a new approach to cleaning.

Cameron Sperance, Skift | 4 years ago

Your Guide to Hotel Companies’ Coronavirus Safety and Cleaning Initiatives

Coronavirus

What a Covid-Paralyzed Travel Industry Can Learn From the Financial Crisis: New Skift Research

History doesn’t repeat, but it often rhymes. While Covid-19 has different root causes than the financial crisis of 2008, there are still lessons to be learned from the last crisis that apply to travel today.

Seth Borko, Skift Research | 4 years ago

What a Covid-Paralyzed Travel Industry Can Learn From the Financial Crisis: New Skift Research

Coronavirus

Extended Stay America’s Model Withstands the Pandemic’s Impact Better Than Most Hotels

We wouldn't be surprised if Extended Stay America's first quarter and upcoming second quarter operating results together were among the very best of the battered public U.S. hotel companies. Going long on long-stay has never been such a safe business model as it is now during the coronavirus pandemic.

Sean O'Neill, Skift | 4 years ago

Extended Stay America’s Model Withstands the Pandemic’s Impact Better Than Most Hotels

Coronavirus

How Blackstone’s Earlier Hilton Investment Will Guide Its Hotel Strategy in This Crisis

Coronavirus may lead to distressed pricing and investment opportunities for firms like Blackstone, but it could take up to a year before we see the first wave of acquisition plays.

Cameron Sperance, Skift | 4 years ago

How Blackstone’s Earlier Hilton Investment Will Guide Its Hotel Strategy in This Crisis

Hotels

Extended Stay America Might Spin Off Its Real Estate Unit

We're fairly certain Extended Stay America — just like nearly every other public hotel company in existence — will likely pursue a spin-off.

Deanna Ting, Skift | 6 years ago