stayAPT Suites Breaks Ground on Eight New Hotel Locations
New category disrupting extended-stay brand continues aggressive expansion plans with five more hotels opening this fall and eight recent groundbreakings
CHARLOTTE, N.C., June 25, 2021 — First-of-its-kind apartment style hotel brand, stayAPT Suites, announces the groundbreaking of eight new locations in Alabama, Georgia, Texas, Florida, North Carolina and South Carolina, as part of its mission to build an extensive portfolio of corporate-financed and franchised locations across the United States.
stayAPT Suites, which launched in 2020, has already opened five successful hotels across the southern U.S. region with no plans of slowing down their nationwide expansion. The brand will open another five hotels this fall, has an additional eight locations currently under construction, and 15+ sites in development. The brand expects to have 25+ stayAPT Suites hotels open by the end of 2022.
Extended-stay veteran and stayAPT Suites President and CEO Gary A. DeLapp said:
The reaction we’ve received from guests and prospective investors has been overwhelmingly positive. Our flexible prototypes and high cash-on-cash yields have been very appealing to potential franchisees. In addition, guests have been blown away by the amount of space and the overall functionality in each suite. It’s like nothing else experienced in the category and is a game-changer for long-term lodging.
The N.C.-based hotel chain offers a category-defining, apartment-style hotel experience that features a spacious signature layout with full-size kitchen, a dedicated living room, and separate bedroom. stayAPT Suites delivers a superior experience compared to extended-stay competitors, while providing a unique opportunity to cross-sell in the corporate housing and short-term apartment markets.
Advantages of franchising with the brand include: two- and three-story construction models ranging from 59 to 88 units, with flexible prototype sizes that provide efficient land usage ideal for sites ranging from 1.8 to 2.1 acres; industry leading margins with greater ROI potential, plenty of white space with the ability to fit well in large, medium, or tertiary markets; and superior commercial real estate project yield.
stayAPT Suites is a 100% ground-up construction brand, positioned in the midscale category of the long-term lodging segment. It’s purpose-built for broad appeal to traveling professionals, project-based workers seeking greater mobility and transitional housing customers. The company has plans to complete 100 corporate-owned locations and has nationwide franchise opportunities available.
- Alexandria-Fort Belvoir, Virginia (October 2020)
- Goldsboro, North Carolina (October 2020)
- Chattanooga-Ooltewah, Tennessee (February 2021)
- Greenville-Greer, South Carolina (March 2021)
- Raleigh-Durham/RTP, North Carolina (April 2021)
Hotels opening Fall 2021:
- Greenville-Haywood Mall, South Carolina
- Houston-NASA/Clear Lake, Texas
- Columbia-Irmo/Harbison, South Carolina
- Rock Hill-Panthers Training Facility, South Carolina
- Dothan, Alabama
Hotels under construction:
- Montgomery-Eastern Bypass, Alabama
- LaGrange-Kia, Georgia
- San Antonio-Lackland, Texas
- San Antonio-Randolph (Live Oak), Texas
- Huntsville, Alabama
- Charlotte/Northlake, North Carolina
- North Charleston, South Carolina
- Tallahassee-Capital, Florida
About stayAPT Suites
stayAPT Suites entered the long-term lodging market with an announcement of its new hotel concept in January 2020. The new brand offers guests an experience not yet seen in its category, with a game changing apartment style living space. The layout for each 500+ square-foot suite was intentionally designed to feel residential, with a dedicated living room, a full kitchen, and a separate bedroom. With a strong corporate financial backing and an experienced executive team in place, the Matthews, North Carolina-based chain is committed to building a portfolio of 100+ corporate-owned hotels, in addition to 200+ franchised. Learn more at www.stayAPT.com.