Extended stay hotels, also called
serviced apartments or aparthotels are a type of lodging with features unavailable at standard hotels. These features are intended to provide more home-like amenities. There is substantial variation among extended stay hotels with respect to quality and the amenities available. Some of the economy chains attract clientele who use the hotels as semi-permanent lodging. Extended-stay hotels typically have self-serve laundry facilities and offer discounts for extended stays, beginning at 5 or 7 days. They also have guestrooms (or "suites") with kitchens. The kitchens include at a minimum usually: a sink, a refrigerator (usually full size), a microwave oven, and a stovetop. Some kitchens also have dishwashers and conventional ovens. Extended stay hotels are aimed at business travelers on extended assignments, families in the midst of a relocation, and others in need of temporary housing. The
Residence Inn chain was launched in 1975 in
Wichita, Kansas, by Jack DeBoer, and acquired by Marriott Corporation in 1987. As of April 2005, there were over 450 Residence Inn hotels in the United States, Canada, and Mexico.
Staybridge Suites and
Candlewood Suites, both owned by the
InterContinental Hotels Group, are two examples of hotels designed for business and extended stay travelers. Another brand of extended-stay hotels is
Homewood Suites, which is part of
Hilton Worldwide. One brand came from the merger of Extended Stay America and Homestead Hotels, which combined in 2004 to become
Extended Stay Hotels with over 670 owned and operated properties in the United States. A hotel chain,
Choice Hotels International, franchiser for brands such as Comfort Inn, Comfort Suites,
Sleep Inn, and Quality Inn, operate the MainStay Suites brand. They acquired the Suburban Extended Stay hotel chain in 2005, with over 150 hotels open and under development. The low-budget extended stay chain
Intown Suites was founded in 1988, with 139 locations in 21 states. Since 1999 the U.S. budget lodging chain
Motel 6, owned by
The Blackstone Group (previously
Accor), operates Studio 6, a chain of extended stay hotels with weekly rates. The chain provides a kitchen area in its rooms, and allows pets, and operates in 18 U.S. states and Canada. In the UK,
Roomzzz were the first national aparthotel chain to open in 2006. There has been a sharp surge in business travel in India over the last few years with India becoming more integrated with the global economy and serviced apartment demand is going to increase significantly. There are many serviced apartments player like PAJASA having more 3000+ inventory is market working for corporates.
The Ascott Limited is a serviced apartment group that has over 70,000 properties over 190 cities in more than 30 countries. ==Single room occupancy==