The hotel industry is closer to the finish line than the starting line of the pandemic, and while leisure demand is still driving the recovery, hoteliers are seeing signs of life in group business and reasons to be optimistic. Speaking during the “North America...
Extended-stay hotels have long been the industry’s answer to those seeking accommodations similar to an apartment, but without the need to sign a long-term lease. Stays can be as short as one overnight or as long as years, in rare cases, but generally trend from two...
Vaccinations, Direct Financial Assistance to Individuals Could Spur Demand The passage and expected signing into law of the American Rescue Plan Act of 2021 gives hoteliers reason to celebrate, not just because of the additional funding of Paycheck Protection Program...
In a further vote of confidence in the future of hospitality—and in the extended-stay sector, specifically—Blackstone and Starwood Capital Group have agreed to acquire Extended Stay America and its paired-share real estate investment trust, ESH Hospitality, for $6...
