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Articles tagged “extended stay”

Hotels

Choice Considers Best Way to Expand Into High-End Hotels

It won’t be an easy task, but Choice Hotels moving beyond the sectors that gave it durability during the pandemic makes sense for the recovery — if it manages to build the right upscale portfolio.

Cameron Sperance | 2 years ago

Choice Considers Best Way to Expand Into High-End Hotels

Hotels

Marriott Flexes Its Extended Stay Muscle

Don’t let the multibillion-dollar deals from Blackstone and Starwood Capital for brands like Extended Stay America cloud one's brand judgment. Marriott is the massive player in the extended stay hotel sandbox — and has a leg up in appealing to more lucrative business travel.

Cameron Sperance | 2 years ago

Marriott Flexes Its Extended Stay Muscle

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.

Cameron Sperance, Skift | 3 years ago

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.

Cameron Sperance, Skift | 3 years ago

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.

Cameron Sperance, Skift | 3 years ago

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.

Cameron Sperance, Skift | 3 years ago

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.

Skift | 3 years ago

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.

Cameron Sperance, Skift | 4 years ago

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.

Cameron Sperance, Skift | 4 years ago

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.

Sean O'Neill, Skift | 4 years ago

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