LivAway Suites' Triumph in Its First Year
In the competitive landscape of the hotel industry, few brands have made a splash quite like LivAway Suites. Since opening its doors in 2024, the Salt Lake City-based extended stay brand has soared past the impressive milestone of 100,000 room nights in its inaugural year. This remarkable achievement highlights a robust demand for affordable extended stay options.
LivAway Suites embarked on its journey with a clear vision to redefine affordable lodging. Its approach combines innovative design and efficient operational practices to cater to a growing segment of travelers seeking comfort on a budget. With eight hotels currently operational and 14 more in the pipeline, LivAway is swiftly establishing a national footprint, expanding its reach from Maine to Seattle.
Recent additions to its portfolio include locations in Draper, Utah; Renton, Washington; and Portland, Maine, underscoring the brand's ambitious plans for coast-to-coast expansion. The company's expansion strategy defies the odds, as it has exceeded even its most optimistic projections.
Mike Nielson, CEO of LivAway Suites, expressed his excitement about reaching this milestone, stating, "Hitting 100,000 room nights in our first year not only affirms our business model but also sheds light on the demand for this type of hospitality. We have challenged the traditional standards of extended stay lodging, and the response has been overwhelmingly positive."
The extended stay hotel segment has gained momentum in the hospitality landscape over the past five years. It draws both value-seeking travelers and developers looking for resilient investment opportunities. LivAway Suites has carved out a niche within this burgeoning market, balancing modern design with economic accessibility, which is appealing to not just visitors but also investors.
Looking ahead, LivAway is not slowing its growth trajectory. The brand plans to unveil ten additional hotels by 2026, propelling its total to over 30 properties nationwide by the end of next year. Locations in states such as Arizona, Texas, Virginia, Colorado, Nevada, Utah, and Florida are already in the works. This rapid expansion is poised to transition LivAway Suites from an emerging regional player to a nationally recognized brand.
"The need for extended stay options is only continuing to grow, and our business model is proving effective," Nielson added. "This is only the beginning of what we envision for LivAway Suites and our role in the hospitality sector."
About LivAway Suites
Headquartered in Salt Lake City, Utah, LivAway Suites is designed to offer essential comforts to guests at an economical rate. The brand seeks to revolutionize traditional hospitality models through clear pricing structures and superior ROI strategies aimed at property developers. For more information or to book a stay, visit
www.livawaysuites.com.
Also, learn more about the parent company, West77 Partners, at
www.west77partners.com.