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Extended Stay Opens 92-Room Hotel In Massachusetts

FORT LAUDERDALE, FL-The new site in Westborough, MA is one of 19 properties the locally based hotel chain had under construction at yearend 2000. The company operates 393 hotels in 38 states from its headquarters 26 miles north of Miami. The estimated hard construction cost of the Massachusetts project is $10 million.

By David R. Corder | Updated on January 29, 2001

FORT LAUDERDALE, FL-Extended Stay America Inc. has opened a new hotel in Westborough, MA, one of 19 properties the company had under construction as of the end of last year. The estimated hard construction cost of the 92-unit inn is $10 million.

This is the second hotel the publicly traded company has built in Massachusetts. Two more are under construction–an Extended Stay in Tewksbury, MA and a StudioPlus-brand hotel in Westborough, MA. Now operating 393 properties in 38 states, Extended Stay ranked last year on the Forbes magazine list of the 100 fastest-growing companies in the United States. It also operates the Crossland Economy Studios-brand of hotels.

The company reported it opened 30 properties during the year ended Dec. 31 at a total cost of about $256 million or an average of $8.3 million per hotel.

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