Extended Stay Hotel Case Study

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The question the will always come up for a single person who travels for work is: where will I be living? For most that answer will be a hotel or motel for a few days. What happens for those who will be staying in one place for months at a time? Economically what will make more sense; staying in a hotel for that period of time or just seeking out a rentable apartment. The solution hotel companies have come up with is a new type of property; an extended stay hotel. The new question that one must ask now is: will staying in one these hotels really make more sense economically than renting something similar? An extended stay hotel is an apartment-style hotel that uses the same booking technology as a hotel but provides the services and rooms …show more content…
It will cost around $3.84 a month to run a gas grill if you use it an hour everyday. $80.00 is averagely spent by a single person on coffee in a monthly. Together these two extra perks amount to $83.84. All these food categories will cost the single personal around $228.60 bringing the all around total per month to $1,436.00

After adding up all these costs of living for a single person the total per month will come to around $1,436.00. Even with everything added in it still falls way short of the total monthly cost of living the almost same lifestyle at the Staybridge suites which would be around $3,678.30. That come to a total difference of $2,248.30 meaning one would have to pay almost double to live in this hotel rather than renting.

After all my research it is obvious that it does not economically make sense to stay in an extended stay hotel rather than renting. With such a huge difference in the cost per month, the worth of staying at the hotel for a little over two months would be around the same cost of the six months in an apartment which is the average lease that is signed. This shows how being in an apartment rather than an extended stay hotel in West

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