The rapidly expanding economy extended stay
brand aims to add another 50 hotels to its pipeline by
2026
WEST
JORDAN, Utah, July 24,
2024 /PRNewswire/ -- LivAway
Suites has announced the grand opening of its first hotel
located in the Salt Lake City
metropolitan area. Salt Lake City
was recently named the top job market in the country by the Wall
Street Journal and became the first flag on the map for the rapidly
expanding economy extended stay brand. LivAway Suites caters to
construction workers, traveling medical professionals, the
military, displaced families, digital nomads, and others seeking
intermediate to long-term accommodations. This segment of the hotel
industry has been the poster child of secure, consistent
cash-flowing investments in all market conditions, and only fueled
further by the $1.2 trillion
Infrastructure Act and the CHIPs Act.
Having broken ground on this location in West Jordan, Utah, in June 2023, the 126-suite hotel was constructed in
just over 12 months and offers modernized suites with fully
equipped kitchens and technological enhancements that improve the
overall extended stay experience. According to West77 Partners, the
developer of the hotel, the project was completed on schedule and
well below budget, which is no small feat given the current
inflationary environment.
"LivAway Suites has an incredibly efficient design that gives
you the most bang for buck I've seen in this segment," said
Paul Duncan, Chief Development
Officer of West77 Partners. "A lot of brands are trying to get into
the economy extended stay market, but LivAway Suites has
incorporated decades of learning into its hotel design and
operating system. Our budget savings on this project are evidence
of that."
The LivAway Suites brand was created to bring economy extended
stay lodging into the 21st century with a real estate-centric
operating model. Via its Scandinavian-inspired architecture and
design, sleek finishes, and tech-enabled rooms, the hotel is
turning heads, but the attention is dominated by the lean operating
model. With one of the lowest franchise fee structures in
hospitality and a physical layout that streamlines operations,
everything about LivAway Suites targets operational efficiencies to
maximize return on investment.
"Three years ago, we created LivAway Suites to be the first
hotel brand created for developers, by developers®. Every decision
made by the brand must translate to a higher return on investment
for the real estate, otherwise we do not pursue it," said
Kevin Dailey, Chief Operating
Officer for LivAway Suites. "With our number one goal always being
the success of the real estate, LivAway Suites is able to achieve
results that other brands simply cannot compete with."
In addition to the first grand opening in West Jordan, Utah, LivAway Suites continues to
expand across the country via its eight groundbreakings over the
last 11 months. LivAway Suites has plans to break ground on 20 more
locations over the next year, making it one of the fastest growing
new brands in its segment. LivAway Suites plans to open multiple
other locations later this year in markets like Nashville, Washington State, Montana and more.
"This grand opening in West
Jordan marks an incredible milestone for LivAway Suites,"
remarked Dailey. "It signals our rapid expansion as we remain on
pace to have more than 50 hotels open and under construction by
2026. With larger guest suites, improved livability, and a more
thoughtful room layout, we know our guests will enjoy the fresh,
modern approach to economy extended stay, that gives them
everything they need and nothing they don't®"
To learn more about LivAway Suites,
visit www.livawaysuites.com.
About LivAway Suites
Based in Salt Lake City, Utah, LivAway Suites is a new
hotel brand with a developer-centric business model and hotel
design that helps our guests feel more at home while away. The
brand is built on understanding the importance of offering guests
everything they need and nothing they don't®, with straightforward
services and pragmatic amenities that offer livability and comfort
at an affordable rate. Built on a foundation of for developers, by
developers®, LivAway Suites is poised to disrupt the traditional
hotel franchise model through transparent pricing and an improved
return on investment. For more information,
visit www.livawaysuites.com.
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SOURCE LivAway Suites