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The East Bay Express, which serves the San Francisco Bay area, was co-founded in 1978 by Nancy Banks, a co-founder of the Chicago Reader, and editor John Raeside. Chicago Reader owners invested in the paper and eventually CRI held a major stake. The paper was sold in 2001 to New Times Media, which became Village Voice Media and in 2007 sold it ...
In Toronto, rooming houses were common in the 1930s, during the Great Depression, because "wealthy homeowners" who had guest houses would rent out empty rooms to be able to keep their homes. After WWII, the city ensured that rooming house spaces were available for returning soldiers. [ 9 ]
For example, in Chicago 81% of the SRO housing stock disappeared between 1960 and 1980. [13] Since the early 1970s, the supply of SRO spaces did not meet the demand in US cities. [10] In 1970, newspapers in the US wrote about an "SRO [supply] crisis". [10] Downtown SRO hotels offer few and possibly no rooms to rent to tourists. [10]
It had charged $6 per night before taxes for a room when it first opened in 1962. [19] Sixty years later, during the late summer of 2022, the first Motel 6 was reportedly charging $426 per night for a room, before taxes. [19] In September 2024, Indian hospitality chain Oyo Rooms agreed to buy Motel 6 and Studio 6 in an all-cash deal worth $525 ...
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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 ...
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