financeHotels Magazine··1 min·For: Owner, GM, Investor, Ops
My Place Hotels Partners With Lloyd Companies for Growth
My Place Hotels has signed a multi-property agreement with Lloyd Companies to develop 10 hotels across the Midwest, beginning with projects in Missouri and Ohio.
Key Takeaways
- 1Develop 10 new extended-stay properties across the Midwest over the next five years.
- 2Leverage the partnership to open two hotels annually on a six-month development cadence starting in early 2027.
- 3Capitalize on the growing extended-stay market, which now accounts for one-third of U.S. hotel projects under construction.
Source: Hotels Magazine
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