Marriott TownePlace Suites Opens Extended-Stay Hotel Montana
Marriott TownePlace Suites Opens Extended-Stay Hotel Montana

Marriott TownePlace Suites Opens Extended-Stay Hotel Montana

News summary

The hospitality industry has seen significant changes over the past five years, with extended-stay hotels emerging as a resilient and profitable segment due to shifts in travel patterns and remote work. Extended-stay properties, especially in the midscale category, have maintained higher occupancy rates than traditional hotels by catering to digital nomads, hybrid workers, and industries requiring temporary housing. Development costs for these hotels remain comparatively low, making them attractive investments amid high-interest rates, with many operators converting underperforming hotels to extended-stay formats. Marriott International recently opened a new TownePlace Suites in Bozeman, Montana, near Yellowstone National Park, featuring 107 suites with full kitchens, workspaces, and eco-friendly amenities aimed at long-term travelers. The property also includes leisure facilities such as an indoor pool and fitness center, enhancing its appeal for extended stays. These developments reflect a broader industry trend toward flexible, amenity-rich accommodations designed to meet evolving traveler needs.

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Last Updated
11 days ago
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