In August 2023, Marriott International introduced an innovative new lodging concept designed from the ground up
with a
specific customer and a specific owner in mind. StudioRes is for customers who want smart functional design at an
affordable price, and for hotel owners seeking an efficient cost to build and low-cost operating model reflective of the
current economic environment. Given today's increased consumer demand for longer stay options at an affordable
price, this is the ideal time to explore Marriott's StudioRes: a new-build, midscale extended stay development
platform for owners & franchisees in the US and Canada.