Originally Posted by
myperks
someone (whether it’s Hyatt, Marriott, or Hilton) should just acquire Extended Suites America and be ahead in the budget long term market (though only in the USA) but most properties are like Motel 6 with a kitchen and some more sketchy than others.
if memory serves me correct they sold during the pandemic to private equity firm for 6 billion. That was at a time when revenue was down. Now that everything is up, I'm sure it's more valuable. That's a lot of money to drop in 500 or so hotels. They probably think they can build a new brand for less