Our Brands

Our extended stay hotel brand is called Boardwalk Suites Extended Stay. We focus on creating a strong brand from within by hiring great employees, providing extensive training, and creating a great company culture. 

We set goals for the hotel and when we achieve the goals, we compensate the employees from a success fund that is allocated to the team each month. Our goal in each market is to be the best extended stay hotel in the area. 

Extended Stay hotels are the fastest growing segment of hospitality  because they generate exceptional cash flow. Here are a few things we like about Extended Stay Hotels.

• Increased  Occupancy - The average occupancy of hotels in the U.S. is around 63%. We are able to operate extended stay hotels at 85-95% which significantly improves the cash flow. 

• Reduced Payroll Expenses - We are able to reduce payroll expenses by setting normal hours of operations instead of the traditional 24 hour front desk. Our guests average stay is 28 days with light cleanings once a week. This significantly reduces the labor associated with cleaning hotel rooms on a daily basis. Additionally, we do not offer complimentary services like breakfast which further reduces the need for additional staff.  

• Reduced Supply Expenses - Our guests live in our hotels and supply their own supplies including soaps, shampoos, and lotions. We do supply linens and towels and we require they exchange their soiled linens for new linens. If there is any damage, the customers are charged for replacement. This further reduces the expenses associated with supplies.  

• Reduced Overall Expense to Income Ratio - We are able to operate with expenses around 50% of the gross revenue which is often 20% lower than competing full service hotels. The savings come from reduced payroll expenses, reduced supply expenses, eliminating franchise expenses, and reducing fees associated with bookings from online travel agencies.

• Reduced Cost To Acquire A Customer - We are able to acquire new customers through various channels including walk in traffic, B2B relationships, and local classified ads. None of these channels incur a booking fee. 

• Improved Customer Satisfaction - The needs of extended stay guests are easier to meet then the traditional nightly hotel guest. Our target customer review rating is 4 stars and when we maintain this rating, it reduces our cost to acquire customers. The extended stay business is more about keeping customers then it is about acquiring new ones. Most of our guests extend their stays if they are satisfied with the experience. 

• Property Is Being Acquired At A Discount of 20%+ 
• Clear Path To Double The Asset Value In 5 Years
• Hotels, Motels, Apartments, and Extended Stays
• 50 Units Or Larger
• Population of 50,000 or More With 5 Miles
• Built After 1980
• Good Location With High Visibility
• No Franchise Commitments Tied To Sale
• Cost Per Unit Below $25,000
• Market Rates Above $250/wk