Choice Hotels grows extended stay offering by 50 per cent H1 2023
Worldwide: In its latest business update, hotel franchisor Choice Hotels has revealed that the company grew its extended stay segment by 50 per cent during the first half of 2023.
Worldwide: In its latest business update, hotel franchisor Choice Hotels has revealed that the company grew its extended stay segment by 50 per cent during the first half of 2023.
USA: WoodSpring Suites, the new-build extended-stay brand from Choice Hotels, has opened six hotels during the month of May with 300 in the pipeline across the US.
US: Choice Hotels International has signed an agreement with Noble Investment Group to develop nine WoodSpring Suites.
Worldwide: Drawing from the knowledge gained by publishing four sector-leading b2b websites, the editorial team at International Hospitality Media [ IHM ] has created a list of 20 influential leaders across travel, hospitality and real estate who they believe have a big 12 months ahead of them.
US: Choice Hotels International has is modernising and rebranding its Suburban Extended Stay franchise brand as a low-cost, flexible conversion model called Suburban Studios.
US: Sandpiper Lodging Trust (SLT) has acquired a new-build WoodSpring Suites extended stay hotel in Tampa, Florida.
The collaboration of two of the biggest global investment firms – Blackstone and Starwood Capital – has given the already healthy extended stay sector a further shot in the arm.
US: Blackstone and Starwood Capital Group are partnering to acquire 111 WoodSpring Suites-branded hotels from Brookfield Asset Management.
US: A pair of extended-stay hotel properties in Loveland and Longmont, Colrado, have changed ownership.
US: The 2024 First Quarter US Extended-Stay Hotels Report, published by The Highland Group, reveals a decline in RevPAR for the first time in three years.
Sean Wewer, Homelike’s country manager – DACH and Italy, shares some insights on the rise of coliving and what this means for serviced apartment providers.
Australia / New Zealand: Urban Rest, a provider of flexible alternative accommodations serving the corporate market, has announced its acquisition of New Zealand counterpart The Urban Butler, effective from …
US: The 410-room dual-branded Courtyard New Orleans and SpringHill Suites New Orleans Warehouse Arts District has been sold for $73 million.
Germany: Digital hospitality platform NUMA Group has established its brand advisory board, aimed at “accelerating growth” for the company.
Turkey: Accor’s premium brand Mövenpick has opened its Living Istanbul Saklivadi property in the city’s shopping district of Vadistanbul.
UK: The shortlists for this year’s Serviced Apartment Awards have been revealed ahead of the awards ceremony on 23 May at Leonardo Royal Hotel London Tower Bridge.
Saudi Arabia: Luxury hospitality company Cheval Collection has signed an agreement with developer Ladun Investment Company for Cheval Ladun Living in Riyadh.
Estonia: Tech-powered hospitality operator Bob W has opened its fourth aparthotel in Tallinn, located in the city’s Arter Quarter.
UK: Developer Canary Wharf Group (CWG) has secured £553 million of financing, including an £80 million loan for two serviced apartment projects along West Lane.