Latest news with #extendedstay
Skift
10 hours ago
- Business
- Skift
Marriott Chases Lower Price Points With $100-a-Night Rooms
Marriott has realized it has been been leaving money on the table by primarily catering to expense-account travelers and vacationers in the luxury and upscale segments. Marriott opened its first mid-market extended stay hotel last week, a milestone in its bid to capture budget-conscious travelers seeking apartment-style accommodations. It also pits the company against established players like Extended Stay America and Choice Hotels, as well as newer entrants like Hilton. The 124-room StudioRes property in Fort Myers, Florida was developed by Concord Hospitality for approximately $13 million with help from private equity firm Whitman Peterson. It offers studio-style rooms, full kitchens, and designated work areas. "We just feel really good about the momentum that should build off of this opening in less than a year from announcing the brand and from the others that are already under construction," Noah Silverman, Marriott's global development officer for the U.S. and Canada, told Skift. Marriott plans 40 more StudioRes properties through 2027, and said it is in talks for hundreds of potential deals across 150 U.S. markets.
Skift
20-05-2025
- Business
- Skift
Ascott Targets 300 New Properties, Eyes Resort Deals to Fill Loyalty Gap
Ascott got its start providing extended stays for corporate travelers. But it hasn't opened enough properties in places where people dream of vacationing. So expect it to buy resorts. Ascott, the Southeast Asian hotel group, says it's actively seeking resort acquisitions to round out its portfolio of extended-stay travel lodging. "We certainly would want to be acquiring resorts," said Wong Kar Ling, its chief strategy officer, at the Skift Asia Forum last week. Wong, who led Ascott's acquisition of Oakwood in 2022, said that corporate travelers accumulating loyalty points in Ascott's rewards program often want more fun vacation redemption options. "A lot of our [loyalty members], when they are working in a corporate [setting], want to burn [points] for leisure," Wong said. "If you don't have a good burn platform, we may not be able to retain them. Resort is an important space that we are targeting." Doubling Its Portfolio by 2028 Beyond resorts, Ascott, with head offices in Singapore and Malaysia, is looking to strengthen its presence outside of Asia Pacific, where roughly 80% of its units are presently. Ascott, a unit of CapitaLand Investment, set a new goal last week of opening more than 300 new properties worldwide by 2028. It currently has roughly 600 properties open. "M&A will help us accelerate," she said, though she noted the company would also pursue organic growth, especially outside of Asia. 'Global Living' Brand Ascott is evaluating opportunities in the Middle East and Africa while maintaining "a question mark about the U.S.," Wong said. "If you look at the map and where our presence is versus our competitors and the addressable market, there are obvious gaps," Wong Kar Ling said. "We want to be much bigger in Europe." While Ascott began as a service residential owner and operator 41 years ago, across the past 14 years it has evolved into what it calls a "global living" provider. Its "flex-hybrid" model lets guests stay by the night, by the month, or by the year. It increasingly accommodates leisure travelers and families in its apartment hotels, not just corporate consultants on extended stays. A Push to Grow Quickly Wong, who before working at Ascott helped manage the integration between Starwood and Marriott properties in Asia Pacific, argued that expansion of the portfolio provides significant advantages in advertising and distribution costs and in negotiating better prices for operational inputs, such as furniture and equipment. "Hospitality is very much a scale game," she said, explaining Ascott's push to expand quickly. "A dollar that you spend on marketing carries a lot more mileage when you have a broader offering." Last year, it generated fee-related earnings of over $250 million (343 million Singaporean dollars), reflecting a 12% year-on-year increase on a recurring basis. This performance was driven by a 6% rise in revenue per available unit and the opening of 11,700 units.
Associated Press
08-05-2025
- Business
- Associated Press
Physician Demand Fuels Lodgeur's Energy Corridor Expansion
HOUSTON, TX - May 7, 2025 ( NEWMEDIAWIRE ) - Houston's design-forward provider of flexible furnished apartments, is expanding to West Houston with a new location at Resia Ten Oaks in the Energy Corridor, now open and welcoming guests. Lodgeur Energy Corridor is located at 18036 Park Row Blvd, directly across the street from Texas Children's Hospital West Campus and Houston Methodist West Hospital. The expansion was driven by a steady increase in demand for high-quality furnished apartments in the area - demonstrated, in part, by hospital physicians walking over to Resia Ten Oaks and asking the property management team for a better housing solution for visiting patients. 'When physicians are literally walking across the parking lot to ask for furnished apartments, that tells you there's a real need for this kind of solution,' said Sebastien Long, CEO and Founder of Lodgeur. 'We saw a meaningful opportunity to bring Lodgeur's flexible hospitality model to West Houston and serve a guest profile we know well from our Midtown and Texas Medical Center locations - those in town for treatment, work, or relocation. Our model is purpose-built to meet the needs of extended stay medical visitors and business travelers.' Lodgeur at Resia Ten Oaks offers fully furnished one-, two-, and three-bedroom apartments starting at $89 per night on extended stays of 30+ nights. Lodgeur is the exclusive provider of flexible stays at this location with a two-night minimum for short-term rentals. Lodgeur furnished apartments feature carefully curated designer furnishings - chosen for style, comfort, and function - and include chef-ready, fully equipped kitchens, in-unit washer/dryers, and hotel-style amenities. Resia Ten Oaks features three 12-story residential towers - the only high-rise apartment buildings in West Houston - with the area's only skyline views. The property includes 573 thoughtfully designed units and was built with sustainability in mind. Guests will enjoy access to the property's resort-style pool, 24/7 fitness center, coworking lounge, playground and free parking. Stays can be booked directly on Lodgeur's website, just like a hotel. Guests can book any length of stay and easily modify their checkout date as their treatment plans evolve - providing essential flexibility for medical travel. This opening marks Lodgeur's third Houston location, joining its flagship properties in Midtown - where Lodgeur operates the area's largest portfolio of furnished apartments - and the Texas Medical Center, where it is listed on the Joe's House directory, a national lodging resource for cancer patients and their families. 'We've been honored to serve Texas Medical Center patients and their families at our Midtown and Medical Center locations,' said Brooke Bornick, Co-founder of Lodgeur. 'Our new Energy Corridor property allows us to expand that support westward, providing patients with comfortable, flexible accommodations just steps from care.' As one Lodgeur guest put it, 'My mom calls this place her second home. We visit Houston for routine doctor visits and can't imagine staying anywhere else but Lodgeur.' Strategically positioned along I-10 in the heart of the Energy Corridor, the new Lodgeur location also caters to the global energy sector, with BP, Shell, Chevron, ConocoPhillips, and other multinationals operating major facilities nearby driving demand for corporate housing. 'The Energy Corridor is home to thousands of engineers, project teams, and international specialists on extended assignments,' said Long. 'Lodgeur's fully furnished apartments offer the comfort of home with the ease of hotel-style booking - ideal for long-term stays, relocations, and project-based work.' The property is now open and accepting reservations. Lodgeur will also soon announce another Houston location - this one offering affordable furnished apartments for visitors to the Texas Medical Center main campus, located in one of Houston's most desirable neighborhoods. About Lodgeur provides fully furnished apartments that combine the space and comfort of home with the consistency and convenience of a hotel. With locations in Midtown, the Texas Medical Center, and now the Energy Corridor, Lodgeur is Houston's fastest-growing provider of short-term and extended-stay housing for medical patients, relocating professionals, and corporate travelers. Social Links Instagram | Facebook | LinkedIn Media Contact Full Name: Taylor Lewis Title: Head of Sales & Service Company Name: Lodgeur Email: [email protected] Phone Number: +1-855-LODGEUR Website:
Hospitality Net
06-05-2025
- Business
- Hospitality Net
The Hotel Group and TE Miller Development Celebrate Grand Opening of Home2 Suites by Hilton Kalispell
The Hotel Group ("THG"), an affiliate of Hotel Equities, in partnership with TE Miller Development, proudly announces the grand opening of the Home2 Suites by Hilton Kalispell. The 107-room, extended-stay hotel officially opens its doors today, welcoming guests to experience a fresh, modern, and flexible hospitality option in the heart of Northwest Montana. The new Home2 Suites by Hilton Kalispell is conveniently located at 454 Rivers Edge Loop, at the intersection of US Highway 93 and Rose Crossing, just seven miles from Glacier Park International Airport, offering easy access to Glacier National Park, Flathead Lake, Whitefish Lake, Whitefish Mountain Resort, and the vibrant local arts and culinary scene. Designed with today's extended-stay traveler in mind, the hotel features spacious, all-suite accommodations complete with full kitchens, flexible living areas, and a range of signature Home2 amenities. Guests can enjoy: A heated indoor pool Outdoor fire pit and grilling patio Spin2 Cycle fitness and laundry room Complimentary Inspired Table breakfast 24/7 Home2 MKT for snacks and essentials The Home2 Suites by Hilton Kalispell joins THG's Montana portfolio alongside the DoubleTree by Hilton Billings, complementing their full collection of 19 hotels and 3,306 guest rooms. Hotel website
