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Making an Extended Stay Play

Making an Extended Stay Play

Despite the shaky economy of the past few years, the extended-stay segment has managed to perform well. According to data from the Highland Group, extended-stay revenue per available room (RevPAR) increased 7 percent and rose to a nominal high of ...

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The Top and Bottom Lines

Developers are attracted to extended-stay (ES) hotels because of the relative simplicity of their operations and their high profit margins. Low levels of staffing combined with limited offerings of services and amenities allow for a significant portion of topline revenues ...

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The James New York Trades for $85 Million

The James New York Trades for $85 Million

NEW YORK—Brack Capital Real Estate (BCRE), a global real estate investment and development company, announced today that The James New York was sold for approximately $85 million. Operations will remain unchanged as Denihan Hospitality Group will carry on management, along ...

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The Simple Life

The Simple Life

While most hotels are constantly upgrading their networking infrastructure and TV connections to accommodate the latest tech devices that guests bring along when they travel, some hotels are promoting a tech-free experience where guests are encouraged to take a break ...

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