extended stay hotels

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Starwood Capital Shows Interest In Extended Stay Hotels

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 I [...]

Sep. 30, 2009 | Andrew Calvo | 0 comments | Continued
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Extended Stay Hotels Files For Bankruptcy

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.

Jun. 16, 2009 | Andrew Calvo | 2 comments | Continued
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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”.

Jan. 26, 2009 | Andrew Calvo | 1 comment | Continued
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Hilton Definitely Launching New Lifestyle Brand In March

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.

Jan. 9, 2009 | Andrew Calvo | 0 comments | Continued
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Wall Street Journal Wrong About Lightstone? I Don’t Think So.

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?

Dec. 15, 2008 | Andrew Calvo | 0 comments | Continued
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Lightstone To Lose Extended Stay, So What Happens Next?

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.

Dec. 8, 2008 | Andrew Calvo | 6 comments | Continued