Category: extended stay hotels

Hilton’s Home2 Suites Takes Over Site of Never-Built W Philadelphia

| September 28, 2011 | 0 Comments
Hilton’s Home2 Suites Takes Over Site of Never-Built W Philadelphia

Two days ago, during a Commercial Real Estate Conference in Philadelphia, the Philadelphia Mayor and the Parkway Corporation announced Philadelphia’s first Home2 Suites development – on the corner of Arch St and 12th Ave, 1200 Arch Street to be exact. Before you say, “Who cares? Another cookie-cutter extended stay chain hotel in Philadelphia”; recall back [...]

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Starwood Capital Shows Interest In Extended Stay Hotels

| September 30, 2009 | 0 Comments

Its been awhile since if written anything – but I think its time to start up again. Today’s big story (in my mind at least) is a Wall Street Journal article today that brought to light Starwood Capital’s new found interest in the Extended Stay bankruptcy battle. (I’m writing this directly from my blackberry so [...]

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Extended Stay Hotels Files For Bankruptcy

| June 16, 2009 | 2 Comments

Extended Stay Hotels filed for Chapter 11 bankruptcy yesterday – ending speculation of when or if banks were going to force ESH’s owners, The Lightstone Group to surrender the properties. All in all, this just goes to show how banks were willing to finance almost anything during the highs of the markets.

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Hilton Launches New Extended Stay Brand: Home2 Suites by Hilton

| January 26, 2009 | 3 Comments
Hilton Launches New Extended Stay Brand: Home2 Suites by Hilton

Hilton announced their new extended stay hotel brand called Home2 Suites by Hilton at the ALIS Conference. It’s meant to be less expensive than their Homewood Suites brand and cater to the “millennial generation”.

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Hilton Definitely Launching New Lifestyle Brand In March

| January 9, 2009 | 0 Comments

Hilton is definitely announcing their new lifestyle hotel brand in March in an industrial warehouse in Berlin. They’ve used a lot of adjectives in the PR materials to announce the brand – but 5 words stand out.

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Wall Street Journal Wrong About Lightstone? I Don’t Think So.

| December 15, 2008 | 0 Comments

Extended Stay Hotels released a statement reiterating their current financial situation is fine – but not completely disputing the future money issues which the brand may experience as the WSJ had reported. Is Extended Stay trying to hide the truth by not really lying?

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Lightstone To Lose Extended Stay, So What Happens Next?

| December 8, 2008 | 6 Comments

Looks like Lightstone Group may lose their Extended Stay Hotels to the banks. After purchasing the brand in 2007 for $8 billion with only $1 billion down, the economic downturn might not allow them to continue making debt payments and the banks want to prevent bankruptcy.

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