Articles tagged “extended stay”

Hotels

This Week’s $6 Billion Extended Stay America Takeover Vote — What to Expect

Blackstone and Starwood Capital's extra $180 million sweetens the pot for the planned Extended Stay America takeover, but this is no done deal. There is still a very loud opposing group of shareholders that could sway the vote this week.

This Week’s $6 Billion Extended Stay America Takeover Vote — What to Expect

Coronavirus

A Profitable Choice Hotels Plans for Bigger Extended Stay and Upscale Portfolios

Choice Hotels saw occasional bursts of profitability during the pandemic while competitors lost hundreds of millions of dollars. The company doesn’t plan to just stick to its reliable drive-to and leisure travel playbook, however. Expect more upscale hotel deals on the horizon.

A Profitable Choice Hotels Plans for Bigger Extended Stay and Upscale Portfolios

Coronavirus

The Biggest Hotel Deal of the Pandemic So Far Does Not Signal Future Deals

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.

The Biggest Hotel Deal of the Pandemic So Far Does Not Signal Future Deals

Hotels

Blackstone and Starwood Plan $6 Billion Extended Stay America Takeover

Blackstone and Starwood Capital keep returning to Extended Stay America, but their partnership acquisition here shows the two firms see many more deals ahead as reason to keep capital on hand.

Blackstone and Starwood Plan $6 Billion Extended Stay America Takeover

Hotels

5 Reasons Why Hilton Continues to Grow Its Global Footprint, Despite Covid-19 Challenges

As the hospitality industry pushes ahead on the road to recovery, Hilton remains optimistic about the future, supported by a resilient business model and a strong commercial engine. Continued conversion signings, new development, and extended stay brands are contributing to the expansion of its one million room portfolio.

5 Reasons Why Hilton Continues to Grow Its Global Footprint, Despite Covid-19 Challenges

Coronavirus

Red Lion Hotels Enters the Extended Stay Hotel Sector With Brand Reinvention

The extended stay hotel sector continues to attract owners and investors due to its seemingly recession-proof traveler base, even during a global pandemic.

Red Lion Hotels Enters the Extended Stay Hotel Sector With Brand Reinvention

Coronavirus

Choice Hotels Expects Brand Conversions and Extended Stay to Fuel Post-Pandemic Growth

It’s never too early to start planning for growth, but even bullish leadership teams need to focus on the uncertain near-term before playing offense with conversion targets.

Choice Hotels Expects Brand Conversions and Extended Stay to Fuel Post-Pandemic Growth

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.

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

Coronavirus

Economy Extended Stay Is the Strongest of the Weak U.S. Hotel Sector in March

U.S. economy extended stay hotels continue to see relatively strong performance levels during the coronavirus downturn, while offering rooms for emergency services could maintain numbers from dipping as the crisis continues.

Economy Extended Stay Is the Strongest of the Weak U.S. Hotel Sector in March

Hotels

Choice Sees No Letup in Biz Travel Demand as It Expands Extended-Stay Hotels

Choice Hotels had a strong year with lots of growth in 2019. The company is focused on bulking up its extended-stay portfolio to continue the trend in 2020 as corporate travelers look increasingly for more creative options.

Choice Sees No Letup in Biz Travel Demand as It Expands Extended-Stay Hotels