Charlotte, NC, March 21, 2023 — Extended Stay America announced today that it entered into an agreement with BASK Development for eight new Extended Stay America Premier Suites located throughout major markets in Florida.
"We are excited to welcome BASK Development as a new owner of Extended Stay Premier Suites brands," said Mark Williams, Managing Director, Franchise Development, Extended Stay America. "Franchising continues to play a large part in Extended Stay America's development strategy, and we look forward to working with all of our current and prospective owners to continue growing all of our brands throughout the United States."
BASK Development is an award-winning real estate development and investment company located in Chicago, Illinois. With a specialty and focus on hotels, BASK is a vertically integrated organization with in-house development, construction, management, and finance capabilities. BASK operates throughout the United States, with 30 hotels under management and an additional six under construction.
"We are thrilled to partner with Extended Stay America to further grow their Premier Suites brand and bring more of these great assets to the Sunshine State," said Bimal Doshi, Managing Partner at BASK Development, an innovative real estate development firm based in Chicago, Illinois. "It is no secret that Florida is performing exceptionally well, with a robust tourism sector and growing population fueling a need for additional lodging accommodations. The extended stay segment was tried, tested, and thrived during COVID and continues to deliver superior return on investment. Extended Stay America provides an exceptional value and uncompromising experience for consumers by providing long-term, flexible accommodations. As we mobilize our experienced, seasoned team and leverage our technology platform, we anticipate our investment in the extended segment to continue to grow."
Extended Stay America Premier Suites comprises both new construction as well as renovated properties with fully equipped kitchens, spacious apartment-style layouts for working and dining, free in-room Wi-Fi, premium cable, onsite guest laundry, enhanced breakfast offering, along with upgraded design elements including larger TVs, increased storage space, and a signature bedding package.
Extended Stay America currently has 36 Extended Stay America Premier Suites open and operating throughout the United States.
About Extended Stay AmericaExtended Stay America® is the leading extended stay hotel brand in the U.S., with approximately 760 hotels comprising close to 85,000 rooms. Its extended stay brand family includes Extended Stay America Suites®, Extended Stay America Premier Suites®, and Extended Stay America Select Suites. All locations are ready to welcome guests with genuine care and value. For more information on Extended Stay America, visit www.esa.com.
About BASK DevelopmentAs an award-winning real estate development and investment company BASK Development has successfully grown the company's portfolio over the past 30 years, which includes premium-branded hotel properties across the United States. BASK Development creates benefits for its partners and associates by leveraging its development, pre-construction, construction, engineering & technology, and asset management expertise to continue to grow its portfolio of best-in-class hotels. The company believes its people are its greatest strength. With the brightest talent, advanced processes and a dedication to giving back to the communities where associates live and work, BASK Development is committed to being a great place to work for all. Learn more at www.baskdevelop.com.