Extended Stay Hotels
Extended stay hotels are a type of lodging with features unavailable at standard hotels. These features are intended to provide more home-like amenities. There are currently 27 extended stay chains in North America with at least 7 hotels, representing over 2,000 properties. There is substantial variation among extended stay hotels with respect to quality and the amenities that are available. Some of the economy chains attract clientele who use the hotels as semi-permanent lodging.
Extended-stay hotels typically have self-serve laundry facilities and offer discounts for extended stays, beginning at 5 or 7 days. They also have guestrooms (or "suites") with kitchens. The kitchens include at a minimum usually: a sink, a refrigerator (usually full size), a microwave oven, and a stovetop. Some kitchens also have dishwashers and conventional ovens.
Extended stay hotels are popular with business travelers on extended assignments, families in the midst of a relocation, and anyone else in need of temporary housing. Extended stay hotels are also used by travelers who appreciate the larger space a typical suite provides.
Residence Inn is credited with popularizing the "extended stay" concept. The chain was launched in 1975 in Wichita, Kansas by Jack DeBoer, and acquired by Marriott Corporation in 1987. As of April 2005, there were over 450 Residence Inn hotels in the United States, Canada and Mexico. Jack DeBoer has jumped back in the Extended Stay market developing a concept called Value Place.
Other upscale brands of extended-stay hotels, such as Staybridge Suites which is part of the InterContinental Hotels Group, have made this segment of the lodging industry one of the fastest-growing.
One of today's most popular long term lodging brands came from the merger of Extended Stay America and Homestead Hotels. Both these chains were already well established when they combined in 2004 to become Extended Stay Hotels with over 670 owned and operated properties throughout the United States.
Another worldwide hotel chain, Choice Hotels International, franchisor for name brands such as Comfort Inn, Comfort Suites, Sleep Inn and Quality Inn, entered the extended stay market with their MainStay Suites brand. They proceeded to acquire the Suburban Extended Stay hotel chain in 2005, making them a sizeable extended stay system with over 150 hotels open and under development.
In the United States, a popular low-budget extended stay chain is Intown Suites. The chain, which was founded in 1988, now has nearly 140 locations in 21 states, and is distinguished for offering weekly rates much lower than many other chain lodging companies in North America.
Since 1999, Motel 6, the popular U.S. budget lodging chain (owned by Accor) operates Studio 6, a chain of extended stay hotels that offer weekly rates and more amenities than the standard Motel 6 properties. Studio 6 provides a kitchen area in all its rooms, and allows pets. Studio 6 locations are in 18 U.S. states and Canada.
The extended stay concept is steadily spreading throughout Europe due to the increase in the number of travelers and business people visiting every year. The concept was organized by Belgium Housing and the chain of hotels covers 42 countries of Europe including all the major cities of the continent.
Read more about this topic: Apartment Hotel
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