Jan 6, 2021
MINNEAPOLIS, Minn., Jan. 6, 2021 (SEND2PRESS NEWSWIRE) In September 2020, Robert Mapleton, owner, RPM Energy Consulting, LLC performed an independent study at an Extended Stay America hotel to determine the effect of cleaning the coils of the hotel s guestroom packaged terminal air conditioner (PTAC) units on cooling energy usage. The test was used to determine whether Fibercare PTAC cleaning service results in lower energy costs.
Jan 6, 2021
MINNEAPOLIS, Minn., Jan. 6, 2021 (SEND2PRESS NEWSWIRE) In September 2020, Robert Mapleton, owner, RPM Energy Consulting, LLC performed an independent study at an Extended Stay America hotel to determine the effect of cleaning the coils of the hotel s guestroom packaged terminal air conditioner (PTAC) units on cooling energy usage. The test was used to determine whether Fibercare PTAC cleaning service results in lower energy costs.
Is Extended Stay America (STAY) Stock a Buy For 2021?
Clark Street Value sold its position in Extended Stay America Inc. (NASDAQ:STAY) stock. Clark Street Value is an individual investor that is focused on finding value and special situation investments. Extended Stay America Inc. (NASDAQ:STAY) owns and operates company-branded hotels in North America. In the last one year, Extended Stay America Inc. (NASDAQ:STAY) stock lost 1.8% and on January 5th it had a closing price of $14.13.
Clark Street Value has reduced its exposure to hospitality companies. The investor said that Extended Stay America Inc. (NASDAQ:STAY) has emerged stronger from the COVID-19 pandemic as their rooms feature kitchens and act as temporary residences instead of travel leisure. Clark Street Value added, “It also drummed up some rumors of PE interest, I sold to put money to work in other places, but it could be worth monitoring as it still is the only remaining major hotel chain that is both the brand manager
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Corporate travel has fallen off a cliff during the pandemic, taking airline traffic with it. The Las Vegas Strip, ordinarily bustling with conference-goers and leisure travelers alike, more resembles a quiet resort town than the 24/7 hive of activity it usually is. No cruise ships aside from some Covid-stricken stragglers have embarked from or entered U.S. ports since mid-March.
Even domestic leisure travel, a relatively bright spot over the summer and into the fall, is coming up against a surge of Covid-19 cases and a fresh.
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Corporate travel has fallen off a cliff during the pandemic, taking airline traffic with it.