Contact Information:
American Hotel Development Partners, LLC
8620 South Tamiami Trail
Suite N-P
Sarasota, FL 34238

Phone: (941) 918-4300
Fax: (941) 918-0605
agiannini@ahdpfl.com

Clyde J. Harris, President
21 Office Park Road, Suite 218
Sapelo Building
Hilton Head, SC 29928
charris@harrishg.com

   
Our Other Websites:
> Giannini Management
> Garrison Developer Group of Florida
> The Alafia Crossing
Featured Project: Candlewood Suites

Extended Stay Segment Overview

  • The extended-stay segment has grown faster than the overall hotel market, driven by growing demand and underinvestment
  • Travelers staying five nights or longer accounted for 37% of the hotel room nights sold in the U.S. in 2004. Yet, only about 5-6% of all hotel rooms in the U.S. are considered extended-stay.
  • Extended-stay hotels have lower operational and start-up costs. According to Hilton, an extended-stay hotel can cost anywhere between 30-50% less per key to build than a full-service hotel.
  • Extended-stay demand increased by ~8% in 2005, while overall U.S. hotel demand grew ~3%.
  • Extended-stay average occupancy in 2005 was ~77% (its highest level since 2000), compared to ~65% for the overall hotel industry.
  • Extended-stay hotel average rate grew ~7% in 2005, while overall U.S. hotel average rate grew 5%.

Source: Smith Travel Research, PWC and Bear Stearns

Intercontinental Brand Portfolio

  • IHG is underpenetrated in the extended-stay segment vs. its competitors. Current pipeline is being driven by the growth in extended-stay franchised hotels.
  • Future Candlewood growth is expected to come exclusively through franchised hotels.

Source: Company reports, Deutsche Bank.

Room Layouts & Photos

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Copyright © 2007 Alafia Crossing. Copyright © 2007 American Hotel Development Partners, LLC. All Rights Reserved. All renderings and floor plans are artists’ concepts and all dimensions are approximate. Site plan, floor plans, materials, specifications and features may be modified without prior notice or obligation.A That's Us Website