Extended Stay America Announces Retirement of Mark Williams
Williams, who helped grow ESA's franchise portfolio to nearly 200 hotels, will retire at end of 2026; the company is actively recruiting his successor.
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A New Chapter for Faraway: Brand Debuts in Sag Harbor and Jackson Hole
Blue Flag Capital and Collared Martin Hospitality open two new Faraway-branded hotels in Sag Harbor, NY (67 rooms) and Jackson Hole, WY (90 rooms, 48 residences), marking the brand's first expansion beyond New England.
Hyatt and Hall Structured Finance Collaborate To Launch Structured Debt Program Supporting Hyatt Studios Newbuild Development
Hyatt and Hall Structured Finance have launched a dedicated loan program for Hyatt Studios newbuild projects, offering developers higher leverage and faster capital access than conventional lending structures.
Choice Hotels International Strengthens Extended Stay Leadership with 30th Everhome Suites Opening
Choice Hotels' Everhome Suites hits 30 properties with a Georgetown, TX opening, backed by 40 hotels in the pipeline and nearly half of all new U.S. economy/midscale extended stay construction.
Wyndham Marks 20th ECHO Suites Opening, Underscoring Rapid Extended Stay Growth
The brand reached 20 hotels with occupancy exceeding 70% on average and targets 300 locations by 2032.