Clients > Extended Stay Hotels

Extended Stay Hotels is a rapidly growing 760 unit hotel chain which is owned by the Blackstone Group and operates primarily in the United States. When Extended Stay decided to expand into Canada, they sought the services of True North Real Estate Advisors to lead their Canadian growth strategy both in the acquisition of existing operating hotels to re-brand, as well as new hotel development. From our Canadian base in Toronto, we perform a leadership role on the acquisition of real estate for Extended Stay. Our mandate includes market analysis & qualification with their Operations executives; market data collection & screening; contract negotiations; management of the due diligence process; and overall management of the Canadian based consulting team to process and execute the development process site by site.

We have played a lead role in the acquisition and rebranding of a number of hotels across Canada and continue to have an expanding role because of their recent acquisition of the La Quinta Hotel chain and the planned deployment in Canada.