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Extended Stay America acquired the extended-stay hotel chain StudioPLUS on April 11, 1997. [5] The company also developed the Crossland Economy Studios brand as a budget extended-stay hotel brand. [6] The 47 unit Crossland brand was sold to Westmont Hospitality Group for $285 Million in December, 2015. [7]
A year after the bankruptcy, Blackstone was sued by creditors of Extended Stay America alleging that Blackstone "skimmed" US$2.1 billion off of the sale to Lightstone and knew that the amount of debt would have been unsustainable for the hotel chain; Blackstone settled the lawsuit in June 2013 for US$10 million. [11]
ExecuStay was founded in 1987 and was one of the first corporate housing providers to offer its stock for sale to the public in August 1997. ExecuStay Corporation was purchased by Marriott International in 1999, and was renamed ExecuStay by Marriott. [1] In March 2002, the name was changed to Marriott ExecuStay.
The Lily & Bloom hotel is also for sale on LoopNet for $2.59 million, which, despite having a recent renovation, evokes the mid-century motel vibe. The Lily & Bloom is a 26-room hotel built in 1950.
The extended-stay hotel would be an ECHO Suites Wyndham Hotels & Resorts brand, ... The knit jacket that shoppers say is better than 'JCrew cardigans' is on sale for $34. See all deals. In Other News.
A Myrtle Beach hotel and resort on the oceanfront is for sale less than six months after being purchased. Indigo Tower, a 54-room hotel built in 1974, is for sale, according to its LoopNet posting ...
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