Extended Stay America Opens Newest Location in Colonial Heights

Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the opening of the Extended Stay America – Colonial Heights – Fort Lee, in Colonial Heights, Virginia.

The four-story 92-room property features rooms with fully equipped, in-room kitchens with full-size refrigerators, microwave ovens, and cooktops as well as platform beds with storage space beneath, recliners, high-speed Wi-Fi, fitness room, on-site parking, laundry room, and a STAYPLAY oversized lobby.

“The Extended Stay Colonial Heights marks the first franchise new build in our system and the sixth property in the greater Richmond-Colonial Heights market,” said Bruce Haase, President and Chief Executive Officer, Extended Stay America. “Kara Hospitality has been a great partner, and their Colonial Heights location fits nicely into our strategy of growing our portfolio of properties through franchising opportunities.”

“This hotel is a fabulous addition to our portfolio and the surrounding community,” said Mitesh Amin, Managing Partner of KARA Hospitality. “The demand for extended stay hotels continues to grow and we felt Extended Stay America was an industry leader in this segment and the best partner for us to work with.”

The Extended Stay America Colonial Heights is centrally located adjacent to SouthPark Mall, minutes from the Fort Lee military base, Virginia State University, Southside Regional Medical Center, Hopewell Docks, and Train Center.

KARA Hospitality, based in Colonial Heights, VA, is a premiere hotel management and development group with a mission to provide exceptional service and create value for both their customers and investors. Their focus is to partner with promising franchises and identify strategic locations for new hotel developments while maintaining their charge to collaborate with the cities and communities in which they operate, with an ultimate goal to ensure the utmost quality and service for customers. The group oversees all stages of a property’s life-cycle, from design concept and development, property management, asset management and long-term strategic planning.

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