"The extended-stay lodging market is the fastest growing segment of the hotel industry and is quickly catching the interest of business professionals, people relocating and those on extended work assignments," says company CEO George D. Johnson Jr.
Weekly rack rates at the property start at $389 for a queen room and $419 for a king room. Nightly rates are available from $79. Guest rooms include a recliner, cable TV, free voice mail, free local calls and a computer data port. Rooms also feature kitchens with refrigerator, range, microwave, coffee maker, utensils and tableware.
Guests are provided with weekly housekeeping service and properties are generally staffed by five to six full-time and eight to 10 part-time employees.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.