Marks First Franchise New Build Property in System
CHARLOTTE, N.C., Feb. 06, 2019 (GLOBE NEWSWIRE) — Extended Stay America, Inc. (NASDAQ:STAY) (“ESA”) announced today the start of hotel construction on the first franchise new build of an Extended Stay America hotel in Colonial Heights, Virginia. The property is expected to open in early 2020.
The four-story 92-room hotel will feature the new StayPlay lobby design, and other modern features in the guest rooms driven by research in the value extended stay segment, including all vinyl plank flooring throughout, modernized kitchens with open cabinetry, solid surface countertops, raised platform beds for better storage options for guests, black-out shades for an enhanced sleep experience, and a new fresh color palette. For guest convenience the hotel will also contain a fitness center and guest laundry/vending area, and of course our complimentary grab and go breakfast, free in-room Wi-Fi, HD-TV with Chromecast streaming capability and pet-friendly rooms. The property is being developed and managed by KARA Hospitality, a group managed by local cardiologist and entrepreneur, Mitesh Amin.
“This property and our partnership with KARA Hospitality mark the first franchise new build hotel in our system,” said Jim Alderman, Chief Development Officer, Extended Stay America, Inc. “It continues our strategy of growing the ESA portfolio of properties through development and franchising. We look forward to several more groundbreakings with KARA Hospitality.”
“By partnering with Extended Stay America on this property, we are bringing a wonderful addition to our portfolio and the community,” said Mitesh Amin, Managing Partner of KARA Hospitality. “The property’s location allows it to provide guests with a clean, comfortable suite with lots of room to relax, fully equipped kitchens, free grab-and-go breakfast, and on-site laundry to ensure guests have everything they need whether staying for a night, a week, or longer to make their stay more enjoyable.”
The Extended Stay America Colonial Heights is centrally located adjacent to Southpark Mall, minutes from the Fort Lee Army Base, Virginia State University, Southside Regional Medical Center, Hopewell Docks and Train Center. Guests will have access to Appomattox River, Swader’s Sports Park, Virginia Motorsports Park, along with the Fort Lee, Chester, Petersburg and Richmond business and real estate districts.
Read more about Extended Stay America at www.newesa.com.
About Extended Stay America
Extended Stay America, Inc. (“ESA”) and its brand Extended Stay America® is the leading brand in the mid-priced extended stay segment in the U.S with 627 hotels, with approximately twice as many rooms as its nearest competitor. ESA’s subsidiary, ESH Hospitality, Inc., is the largest lodging REIT in North America by unit and room count, with 554 hotels and approximately 61,500 rooms in the U.S. ESA also manages or franchises an additional 73 Extended Stay America® hotels. Visit www.esa.com for more information.
About KARA Hospitality
KARA Hospitality, based in Colonial Heights, VA, is a premier hotel management and development group with a mission to provide exceptional service and create value for both their customers and investors. Their focus is to partner with promising franchises and identify strategic locations for new hotel developments while maintaining their charge to collaborate with the cities and communities in which they operate, with an ultimate goal to ensure the utmost quality and service for customers. The group oversees all stages of a property’s life-cycle, from design concept and development, property management, asset management, and long-term strategic planning.
Contact
Investors and Media:
Rob Ballew
(980) 345-1546
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