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Marriott Expands Portfolio With Debut Launch of StudioRes Fort Myers
ZACKS· 2025-06-03 15:11
Core Insights - Marriott International, Inc. has launched its midscale extended stay segment with the opening of the first StudioRes hotel in Fort Myers, Florida, paving the way for over 40 additional properties expected to open by the end of 2027 [1][7]. Group 1: StudioRes Launch - The StudioRes concept, developed two years ago, targets a diverse range of travelers, including those on long-term work assignments and relocations [2]. - The StudioRes Fort Myers features 124 studio-style rooms with nightly rates around $100, offering amenities such as a kitchen, lounging area, and communal spaces [3]. - The property is strategically located near tourist attractions and will be integrated into Marriott's loyalty program, Marriott Bonvoy, allowing members to earn and redeem points [4]. Group 2: Marriott's Portfolio and Growth - Marriott is a leader in the luxury and lifestyle hotel sector, with over 30 brands and nearly 9,500 properties across 144 countries as of March 2025, enabling it to command premium room rates [5]. - The company is expanding its presence internationally, particularly in Asia, Latin America, the Middle East, and Africa, with a development pipeline of 3,808 hotels and approximately 587,000 rooms, including over 244,000 rooms under construction [6]. - In the past month, Marriott's stock has increased by 5.6%, outperforming the industry growth of 3.7%, indicating positive market sentiment [7][8].
Marriott International, Concord Hospitality and Whitman Peterson Officially Open Doors of First-Ever StudioRes Hotel in Fort Myers, Florida
Prnewswire· 2025-06-02 13:00
Two years after Marriott International revealed the concept, this milestone marks the midscale extended stay brand's official debut, with over 40 more anticipated to open by the end of 2027. BETHESDA, Md., June 2, 2025 /PRNewswire/ -- Today, Marriott International, Inc. (Nasdaq: MAR), announced the landmark opening of StudioRes Fort Myers, the first-ever StudioRes hotel and the company's debut in the midscale extended stay segment. The all-studios hotel is now accepting reservations for stays, almost two ye ...
EVERHOME SUITES CONTINUES TO GROW ITS NATIONAL FOOTPRINT WITH NINE NEW OPENINGS AND GROUNDBREAKINGS ACROSS TEXAS, ARIZONA, OREGON, AND OHIO
Prnewswire· 2025-05-28 14:08
Core Insights - The Everhome Suites brand is experiencing strong developer interest and demand for midscale extended stay accommodations across various states, indicating a positive market trend for this segment [1][2] - The collaboration between Choice Hotels and Highside Companies is focused on launching new properties that cater to specific market needs, enhancing the brand's operational model and guest experience [2] Development Overview - Everhome Suites is expanding its footprint with several new openings and constructions in Texas, Arizona, Oregon, and Ohio, targeting strategic locations to meet diverse traveler needs [4][5][7][8] - The properties are designed to support various demographics, including military, medical, and corporate travelers, with amenities that cater to long-term stays [4][5][8] Property Details - In Texas, multiple Everhome Suites locations are set to open between February 2025 and June 2025, with properties in Bastrop, Waco, Brownsville, El Paso, and Amarillo, each strategically located near key employers and attractions [5] - The Everhome Suites in Yuma, Arizona, is scheduled to open in July 2025, focusing on military and medical travelers due to its proximity to MCAS Yuma and Yuma Regional Medical Center [4] - The Salem, Oregon location is expected to open in Q3 2026, expanding the brand's presence in the Pacific Northwest and serving local healthcare and government sectors [7] - In Ohio, a new property in Dayton is set to break ground in June 2025, positioned to attract highway travelers and military personnel due to its location near major transport routes and facilities [8] Brand Features - Everhome Suites offers apartment-style suites with fully equipped kitchens, spa-like bathrooms, and modern amenities designed for extended stays, including fitness centers and self-service marketplaces [10] - The brand emphasizes a "Closer to Home" experience, allowing guests to maintain their routines while traveling [10] Company Background - Choice Hotels International is one of the largest lodging franchisors globally, with over 7,500 hotels and a diverse portfolio of 22 brands, catering to various traveler needs [11] - Highside Companies, founded in 2019, is a real estate firm with nearly $1 billion in active projects, focusing on investment and development solutions across multiple asset classes [12]
Everhome Suites Continues Significant Expansion with Three New Hotel Openings in Huntsville, Chandler, and Temecula
Prnewswire· 2025-04-03 13:30
"The growth of Everhome Suites is a direct result of our strong collaboration with developers and owners to continuously value-engineer the brand so that it is well positioned for growth within the new construction midscale extended stay segment," said Ron Burgett, Senior Vice President, Extended Stay Development, Choice Hotels. "For the combined economy and midscale extended stay segments, our brands including Everhome Suites represent about half of all hotels that opened in 2024 or are currently under con ...