US: Economy extended stay brand LivAway Suites has expanded into New York with a project underway in Dewitt.
LivAway Suites has broken ground on its latest project in Dewitt, near Syracuse Hancocl International Airport.
Construction has started on the project following the announcement of two national spending bills: The $1.2 trillion Infrastructure Investment and Jobs Act, and the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act.
As a result of the legislation, Micron Technology has revealed plans to develop a $100 billion semiconductor factory close to the new LivAway Suites location, bringing an estimated 50,000 new jobs to the surrounding community.
“The Infrastructure and CHIPS Acts are expected to dramatically increase the demand for economy extended stay hotels nationally over the coming years,” said Mike Nielson, CEO of LivAway Suites.
“As an example, once the new Micron Technology plant breaks ground, various construction groups will come to the greater Syracuse market from all over the world to build these very specialised factories. Upon opening, Micron expects to employ up to 9,000 workers, with another 41,000 jobs created at up- and downstream supply chain companies that desire to locate near the semiconductor factory. All of this equates to more jobs, more people filling those jobs and ultimately a greater need for extended stay accommodations like LivAway Suites,” he added.
Since launching last spring, LivAway Suites has five locations under construction and expects to break ground on 10 additional properties in 2024.
LivAway Suites is on track to open its first properties this summer.
