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Wyndham-Reside partnership expands amid apart-hotel boom
Yahoo Finance· 2026-01-22 09:39
Group 1 - The Heid Lofts by Reside has been opened in Philadelphia, expanding the Wyndham-Reside partnership's portfolio of apartment-style accommodations [3][8] - The property features 96 apartment-style units equipped with full kitchens and in-suite laundry, catering to the growing demand for extended stay accommodations [8] - The partnership aims to accelerate market entry and strengthen operational performance in the extended-stay and short-term rental markets [5] Group 2 - Reside is focusing on expansion into major U.S. gateway cities, with upcoming locations planned in Los Angeles, Chicago, Denver, and Cleveland [5] - Other hotel companies, such as Hilton and Marriott, are also expanding in the apartment-style accommodation segment, indicating a competitive market landscape [6][7] - The Heid Lofts represents a strategic addition to Wyndham's residential hospitality portfolio, responding to increasing consumer demand for home-style stays [8]