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Development Group to Build 15 Extended Stay Hotels in SW USA
Developer Concord Hospitality and private equity firm Whitman Peterson are partnering to build 15 Extended Stay America Premier Suites hotels. The properties will be located in major markets throughout the West, including Denver, Phoenix, Las Vegas and Salt Lake City.
Concord’s Mark Laport is pleased with the new arrangement, “Extended Stay America Premier Suites has a unique business model that will allow us to reach business and corporate extended-stay travelers looking for a higher level of amenities.”
The Extended Stay America Premier Suites brand comprises both new construction and renovated properties with upgraded amenities, including fully equipped kitchens, apartment-style layouts for working and dining, onsite guest laundry and free breakfast.
There are currently 28 Extended Stay America Premier Suites hotels open and operating throughout the United States, so the new development deal will increase the total by more than 50 percent. Overall, Extended Stay America operates roughly 760 hotels.
- ◦Development