Paul Duncan’s Post

10 notable extended stay hotel launches, acquisitions and developments Extended stay competition is heating up as hotel players including Choice, Hilton and Wyndham look to claim stake in the rapidly expanding long-term stay space. The extended stay category is at the forefront of many hoteliers’ minds as guests increasingly turn to the product type to accommodate longer stays and developers eye the model’s operational efficiency.  With smaller community amenity spaces and less frequent daily services, extended stay hotels can offer more value than some select-service properties. And comparatively, when hoteliers invest in extended stay hotels, it’s possible to increase their gross operating profit by from 10% to 15%, according to Matt McElhare, senior director of extended stay brands at Choice Hotels International.  Read more at: https://lnkd.in/euywBbC5 #hotel #travelindustry #allsuitehotel #extendedstayhotel #hotelmanagement #hoteliers #hotelmanagement

Scott Boyes of Trilogy Hotels joined 'the plot' to explain how they're shaking-up traditional hotel management in Australia. Popular in the US and gaining traction in Europe, their model hands hotel owners more control over their asset, while they provide expertise in operations which often increases revenue streams. Scott says this style of management is the next big thing for Australia's growing hotel market. Listen for more about how Trilogy Hotels is changing the face of the Australian the hotel industry. #ausbiz #theplot #investment #commercialproperty #hotelmanagement Grant Alchin Tony Ryan

This potential merger/acquisition would significantly change the hotel landscape for the market segments that these two operate in. Seems like those long-denied rumours may be true after all….. 😜 #marketchanges #hospitality #whatcouldbenext?

Extended stay competition is heating up. Here's a roundup of Hotel Dive's coverage of top extended stay news, as hotel players like Choice Hotels International, Hilton and Wyndham Hotels & Resorts look to claim stake in the rapidly expanding space. #hotels #hotelnews #extendedstay

Extended-stay hotels offer a different area of potential success in the hotel investment sector. With the rise of more spontaneous travel and brief trips, the lucrative aspects of extended-stay hotels may be underestimated and worth looking into. #ExtendedStay #HotelInvestment

What is Sonder, which touts itself as a next-gen hospitality company? Turns out it is mostly short-term rental apartments and a growing number of hotels. In the current financial climate, where borrowing is tough, the company sees hotels, particularly independent hotels, as a sleek way to get a fast payback. https://lnkd.in/gkWws8Y4 #hotels #independenthotels #shorttermrentals #earnings #onlinetravel

Owning a hotel isn't just about having a vision; it's about executing it meticulously. Welcome to the behind-the-scenes world of hotel ownership! 💼 When considering buying a hotel, there's more to it than meets the eye. It's about conducting due diligence, which involves analyzing every aspect of the property to ensure that your investment is rock-solid. From examining the financial records to assessing the physical condition of the property, due diligence is your key to making informed decisions and avoiding costly pitfalls. It's about knowing what you're getting into before you sign on the dotted line. 💡 Visit our website https://lnkd.in/guuUaDRU to check our new listings. #DueDiligence #Hotel #Hospitality #Hotelindustry #hotelbuyingtips 

Owning a hotel isn't just about having a vision; it's about executing it meticulously. Welcome to the behind-the-scenes world of hotel ownership! When considering buying a hotel, there's more to it than meets the eye. It's about conducting due diligence, which involves analyzing every aspect of the property to ensure that your investment is rock-solid. From examining the financial records to assessing the physical condition of the property, due diligence is your key to making informed decisions and avoiding costly pitfalls. It's about knowing what you're getting into before you sign on the dotted line. Visit our website, https://lnkd.in/guuUaDRU, to check our new listings. #DueDiligence #Hotel #Hospitality #Hotelindustry #hotelbuyingtips

Owning a hotel isn't just about having a vision; it's about executing it meticulously. Welcome to the behind-the-scenes world of hotel ownership! 💼 When considering buying a hotel, there's more to it than meets the eye. It's about conducting due diligence, which involves analyzing every aspect of the property to ensure that your investment is rock-solid. From examining the financial records to assessing the physical condition of the property, due diligence is your key to making informed decisions and avoiding costly pitfalls. It's about knowing what you're getting into before you sign on the dotted line. 💡 Visit our website https://lnkd.in/guuUaDRU to check our new listings. #DueDiligence #Hotel #Hospitality #Hotelindustry #hotelbuyingtips

Does your portfolio include an extended-stay property? It probably should. Luminous Hotel Management can review your current portfolio and help you strategize for optimal growth. Reach out to us today and let's talk. LODGING Magazine #hotelmanagement #revenuemanagement #propertymanagement https://lnkd.in/e9WmkQQi