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17-497: Summerfield Suites was an extended stay hotel chain. It was bought by Hyatt and folded within that company in 2012. All Summerfield Suites Hotels are now branded as Hyatt House hotels. In June 2005, the Blackstone Group acquired Wyndham International for $ 3.2 billion. Summerfield Suites, Wyndham's extended-stay offering, was included in the deal. On December 1, 2005, Global Hyatt confirmed that it had entered into

34-580: A bedroom and share a bathroom and kitchen, an SRO tenant leases the SRO unit individually. SRO units are the least expensive form of non-subsidized rental housing, with median rents even in New York City ranging from $ 450 to $ 705 per month. SROs may constitute a form of affordable housing , in some cases for formerly or otherwise homeless individuals. The term is primarily used in Canada and US. Since

51-577: A definitive agreement to acquire the 21-hotel Summerfield Suites brand from Blackstone for an undisclosed price. The deal concluded in early 2006, and closely followed Hyatt's acquisition of AmeriSuites – now re-branded as Hyatt Place . It took AmeriSuites' former position in the Hyatt lineup and competed in the upscale tier of the extended-stay market with Residence Inn , Homewood Suites , and Staybridge Suites . Global Hyatt then developed an extended-stay prototype for converting Summerfield Suites hotels to

68-438: A form of housing that is typically aimed at residents with low or minimal incomes. They usually rent small single rooms without amenities such as kitchens, toilets or bathrooms, which are rented out as permanent residence and/or primary residence to individuals, within a multi-tenant building with shared kitchens, toilets or bathrooms. SRO units are typically 8 feet by ten feet. While roommates sharing an apartment may also have

85-499: A hotel complex containing a varied number of apartments. The length of stay in these apartment hotels is varied with anywhere from a few days to months or even years. The people who stay in apartment hotels use them as long-term accommodation; therefore, the hotels are often fitted with most things the average home would require. Apartment hotels were first created in holiday destinations as accommodation for families that needed to "live" in an apartment rather than "stay" as they would in

102-443: A hotel. The apartments would provide a "holiday home" but generally be serviced. Later, these apartments evolved to be complete homes, allowing occupants to do everything they would at home, such as cleaning, washing, and cooking. Extended stay hotels, also called serviced apartments or aparthotels are a type of lodging with features unavailable at standard hotels. These features are intended to provide more home-like amenities. There

119-562: A minimum usually: a sink, a refrigerator (usually full size), a microwave oven, and a stovetop. Some kitchens also have dishwashers and conventional ovens. Extended stay hotels are aimed at business travelers on extended assignments, families in the midst of a relocation, and others in need of temporary housing. The Residence Inn chain was launched in 1975 in Wichita, Kansas by Jack DeBoer, and acquired by Marriott Corporation in 1987. As of April 2005, there were over 450 Residence Inn hotels in

136-449: A new Hyatt-branded extended-stay product. The new offering provides fully equipped 1 and 2 bedroom suites, a free hot breakfast buffet, an outdoor BBQ area, 24-hour convenience store , movie rental, dry cleaning and recreational facilities. However, Summerfield Suites targeted both the extended-stay market as well as the group travel market. The first location opened in 1990. The hotels operated as Hyatt Summerfield Suites until 2012, when

153-501: Is a variety of levels of quality, ranging from a "cubicle with a wire mesh ceiling", at the lowest end, to small hotel rooms or small studio apartments without bathrooms, at the higher end. They may also be referred to as "SRO hotels", which acknowledges that many of the buildings are old hotels that are in a poor state of repair and maintenance. The acronym SRO has also been stated to mean "single resident only". Extended Stay Hotels Too Many Requests If you report this error to

170-407: Is substantial variation among extended stay hotels with respect to quality and the amenities available. Some of the economy chains attract clientele who use the hotels as semi-permanent lodging. Extended-stay hotels typically have self-serve laundry facilities and offer discounts for extended stays, beginning at 5 or 7 days. They also have guestrooms (or "suites") with kitchens. The kitchens include at

187-686: The 1970s and 1980s, there has been an increasing displacement of SRO units aimed at low-income earners due to gentrification, with SRO facilities being sold and turned into condos. Between 1955 and 2013, almost one million SRO units were eliminated in the US due to regulation, conversion or demolition. The hotels were once a ubiquitous feature of densely-populated urban centers, filling a crucial niche as flexible, inexpensive housing with bare-minimum amenities. Housing regulations mandating higher standards of amenities, such as requiring off-street parking, or private kitchens and/or bathrooms in each unit, have rendered

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204-565: The U.S. budget lodging chain Motel 6 , owned by The Blackstone Group (previously Accor ), operates Studio 6, a chain of extended stay hotels with weekly rates. The chain provides a kitchen area in its rooms, and allows pets, and operates in 18 U.S. states and Canada. In the UK, Roomzzz were the first national aparthotel chain to open in 2006. There has been a sharp surge in business travel in India over

221-636: The United States, Canada, and Mexico. Staybridge Suites and Candlewood Suites , both owned by the InterContinental Hotels Group , are two examples of hotels designed for business and extended stay travelers. Another brand of extended-stay hotels is Homewood Suites , which is part of Hilton Worldwide . One brand came from the merger of Extended Stay America and Homestead Hotels, which combined in 2004 to become Extended Stay Hotels with over 670 owned and operated properties in

238-617: The United States. A hotel chain, Choice Hotels International , franchiser for brands such as Comfort Inn, Comfort Suites, Sleep Inn , and Quality Inn, operate the MainStay Suites brand. They acquired the Suburban Extended Stay hotel chain in 2005, with over 150 hotels open and under development. The low-budget extended stay chain Intown Suites was founded in 1988, with 139 locations in 21 states. Since 1999

255-474: The chain was folded into Hyatt House , a then new division of Hyatt incorporating these hotels, as well as the former Sierra Hotels , which had also been bought by Hyatt. The Hyatt House name was a nod to the original name of the entire chain in the 1960s and 1970s, when it was called Hyatt House Hotels. Extended stay hotel An apartment hotel complex usually offers a complete fully fitted apartment. These complexes are usually custom built, and similar to

272-481: The construction of conventional SRO hotels illegal in many cities. That existing hotels are substandard under such regulations has been often used as justification for their demolition, often as part of Urban renewal programs. The term refers to the fact that the tenant rents a single room, as opposed to a full flat (apartment). SRO units may be provided in a rooming house , apartment building, or in illegal conversions of private homes into many small SRO rooms. There

289-498: The last few years with India becoming more integrated with the global economy and serviced apartment demand is going to increase significantly. There are many serviced apartments player like PAJASA having more 3000+ inventory is market working for corporates. The Ascott Limited is a serviced apartment group that has over 70,000 properties over 190 cities in more than 30 countries. Single room occupancy hotels (more commonly abbreviated to SRO ), also called "residential hotels" are

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