Extended Stay Stakes its Claim in Hampton

HAMPTON, VA-Hotel developer and owner Extended Stay America Inc. has wrapped up construction of its new Extended Stay America Efficiency Studios property in Hampton. Details on the development costs for the 104-room hotel have not been released. However, the burgeoning company’s report on first quarter 2003 activities notes that development costs for Extended Stays’ 20 hotels developed or under construction in the first quarter cost a total of $163 million; meaning the average cost of an Extended Stay property is just over $8 million. The Hampton property brings the company’s total hotel holdings up to 462.

For Spartanburg, SC-headquartered Extended Stay, the new three-story hotel, which will carry the address of 1915 Commerce Dr., will mark the company’s entrée into the Hampton market. “The appeal of our hotels reaches beyond the business and corporate community,” company vice president of marketing Mike Wilson explains. “Our properties are perfect for people building homes, relocating or attending family functions.”