CHH Emerges as the Pioneer of Extended-Stay Conversion Hotels
Choice Hotels(CHH) ZACKS·2024-09-25 01:36
Choice Hotels International, Inc.'s (CHH) expertise in top-tier hotel conversions is opening new doors for it in the extended-stay hotels segment along with expanding its market reach. Between Jan. 1 and Sept. 17, 2024, CHH opened 17 MainStay Suites and Suburban Studios hotels, of which 16 properties were conversions, with the average length of time between contract signing and official opening being around 120 days. The key opening markets were Las Vegas, NV; Moreno Valley, CA; Orlando and Tampa, FL. Furth ...