Meyer Jabara Hotels is set to host its first extended-stay development seminar to educate people wanting to build, own or supply hotels in the segment. The event will be held April 20 at The Fountains at Gateway, Plaza Room, 1500 Medical Center Parkway, in Murfreesboro, Tenn.
“If you want to get a deal done in the extended-stay market, this seminar is for you,” Richard Sprecher, Meyer Jabara Hotels VP of development, said in a statement. “Already more than 50 people have signed up to discuss the state of the hotel industry and investigate why now is the perfect time to invest in extended-stay hotels. The short answer is that this segment has compelling returns. The reason for that is a lean labor model. Most have eliminated a 24-hour front desk and housekeeping service is provided once a week or even once a month. With an apartment-like setting, guests cook their own meals and do their own laundry. It’s the best possible scenario as the hotel industry continues to struggle with a labor shortage.
Scheduled speakers include:
- Sprecher
- Greg Burgett, regional VP of development, Extended Stay America.
- Mike McGaughey, regional VP of development, Extended Stay America.
- Scott McGaughy, president and COO, Greenrise Technologies.
- Nicole Robben, VP of business development, Petros Pace.
- Michael Hindman, president of Hindman Architects.
- Jason Clouet, VP, Bayview Asset Management.
“The world has been tied up in Zoom calls and webinars for the last two years,” Sprecher said. “It’s time to gather face-to-face again and discuss financing options available for new construction hotels … the advantages of using energy-efficiency financing … methods of construction (from wood frame to modular) … benefits of creating usable green spaces … and finding the right management company to operate these hotels. In addition, executives from Extended Stay America (representing 650+ hotels in the U.S.) will discuss their secret to brand success.”
To register, email Richard Sprecher at [email protected].