The extended stay hotel concept got a boost during the second quarter when Hilton Hotel’s Homewood Suites, the extended stay hotel brand introduced in 1989, opened six new properties. Most of the new properties were built airport locations, near shopping districts and resort/tourist attractions.
Six properties were opened during the second quarter. Some of the targeted markets include Chesapeake, Va; Albany, NY; Brighton, Mich; Houston, Texas; Springfield-North/Holyoke, Mass. and Hartford-South/Glastonbury, Conn.
"The extended-stay segment presents compelling investment opportunities because demand still outstrips supply, and this type of hotel maintains a stable level of performance irrespective of economic conditions," says Rebecca Wyatt, senior vice president of brand management for Homewood Suites by Hilton.
"We're anticipating another strong year for the lodging industry, in general, and an outstanding year for our brand, in particular."