Mark Laport News Today

Marriott International, Inc. (NYSE: MAR) celebrated the groundbreaking of its inaugural StudioRes brand hotel, as Concord Hospitality began construction of its first property in Fort Myers, Florida. Announced in June 2023, the StudioRes brand is Marriotts new affordable midscale extended stay brand in the U.S. & Canada.

Article - First Marriott StudioRes Hotel Breaks Ground in Fort Myers, Florida - The StudioRes property in Fort Myers is projected to open in Spring 2025 and is being developed by Concord Hospitality with its long-time partner Whitman Peterson. Concord expects to develop around 50 StudioRes properties, spanning several dozen submarkets in major U.S. cities, with several more slated to break ground in the coming months.

Ceremony marks milestone for Marriotts new affordable midscale extended stay brand in U.S. and Canada BETHESDA, Md., Jan. 17, 2024 /PRNewswire/ -- Today, Marriott International, Inc. celebrated...

/PRNewswire/ -- Today, Marriott International, Inc. (NYSE: MAR) celebrated the groundbreaking of its inaugural StudioRes brand hotel, as Concord Hospitality...

Building Off Industry Leadership in Extended Stay, Marriott International Plans to Launch Affordable Midscale Extended Stay Offering in U.S. & Canada

Article - Marriott International Announces New Extended Stay Lodging Brand - Marriott is announcing its plans to launch a new brand, which has not yet been named, but is currently being referred to as Project MidX Studios. The affordable midscale extended stay brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the U.S. & Canada.

Concord Hospitality, the award-winning hotel and development company which presently operates over 150 hotels, is preparing for a year of expansion in 2023 as the company recounts 2022 milestones and projects significant growth for the year ahead.

Extended Stay America announced today it signed a development agreement with a partnership comprised of Concord Hospitality and Whitman Peterson to develop 15 new Extended Stay America Premier Suites hotels. The properties will be located in major markets throughout the Western United States, including Denver, Colorado; Phoenix, Arizona; Las Vegas, Nevada; and Salt Lake City, Utah.

Loan to fund the construction of 348-Key HotelDULUTH, Ga., July 18, 2022 /PRNewswire/ -- ACRES Capital Corp. (together with its subsidiaries, ACR...

/PRNewswire/ -- ACRES Capital Corp. (together with its subsidiaries, "ACRES"), a nationwide commercial real estate middle-market lender, has originated a...