U.S. Hotel Companies Largely Rebound to Profitability
Here’s a sampling of what the Daily Lodging Report provided to its readers this past week. If you’re not a subscriber, you should be.
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Here’s a sampling of what the Daily Lodging Report provided to its readers this past week. If you’re not a subscriber, you should be.
Juceam succeeds previous president and CEO Bruce Haase, who has stepped down to pursue other opportunities.
Omicron upended recovery optimism, but there are still ways for these major hotel companies to show shareholders a growth story.
Extended Stay America and its affiliated entities ("ESA"), the nation's leading mid-priced extended stay hotel brand, today announced the appointment of Greg Juceam as President and Chief Executive Officer, effective immediately. Mr. Juceam brings more than 26 years of hospitality industry leadership experience to this position, most recently serving as ESA Management's Executive Vice President and Chief Operating Officer. He succeeds previous President and CEO, Bruce Haase, who has stepped down to pursue other opportunities.
Share Extended-stay hotel company Extended Stay America has assigned 25 "new or completely renovated" U.S. properties to a new higher-end brand with upgraded amenities, according to the company. The new Extended Stay America Premier Suites was developed as a result of feedback from guests seeking "a more premium extended-stay hotel option," said ESA president and CEO Bruce Haase in a statement. Sector analysts The Highland Group consider ESA a midprice extended-stay brand. Enhanced amenities at Premier Suites properties include with "upgraded design elements" in guest rooms, l...