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Extended Stay America, Inc., headquartered in Charlotte, North Carolina, is the operator of an economy apartment hotel chain in the United States and Canada. Prior to June 2021, when the company was acquired by Blackstone Real Estate and the Starwood Capital Group, it was publicly traded as a "paired share" with ESH Hospitality, Inc. , a real ...
During two decades of existence, Intown Suites has proved to be a very successful business, and is currently one of the fastest growing extended-stay chains. In May 2015, 50 properties were purchased by Starwood Capital Group. [2] In 1998, Intown Suites expanded from 26 to 76 properties in a $150 million investment, an alternative to going public.
An apartment hotel or aparthotel (also residential hotel, or extended-stay hotel) is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.
The hotel benefited by having another attraction to keep guests for an extended stay. Two well-known artists-in-residence were Edward Hill and Frank Henry Shapleigh. Hill worked at the Profile House in Franconia Notch for fifteen years, from 1877 to 1892, and spent shorter stays at the Waumbek Hotel and the Glen House . [ 34 ]
Residence Inn by Marriott is a brand of extended stay hotels.As of June 1, 2021, there were 874 Residence Inn hotels in the United States, Canada and Mexico with 107,680 rooms, plus an additional 243 hotels with 30,417 rooms in the development pipeline.
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