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WOES FOR A HOTELIER


WOES WOES Warrant Officer Education System
WOES West Orchard Elementary School
 FOR A HOTELIER



There's not much comfy com·fy  
adj. com·fi·er, com·fi·est Informal
Comfortable.


comfy
Adjective

[-fier, -fiest] Informal comfortable

Adj. 1.
 about the hotel business these days. The downturn has brought a bust in corporate travel and the rise of the dreaded "staycation" as folks stick close to home. The latest victim: Extended Stay Hotels Extended Stay Hotels (ESH) is a hotel brand that is the culmination of a rapid expansion in the extended stay hotel extended stay lodging market.

Extended Stay Hotels is now one of the most recognized brands in the extended stay industry.
, a chain with 680-plus properties where the average stay runs 18 to 20 nights. The chain filed for Chapter 11 on June 15. Besides the recession's ravages rav·age  
v. rav·aged, rav·ag·ing, rav·ages

v.tr.
1. To bring heavy destruction on; devastate: A tornado ravaged the town.

2.
, Extended Stay suffered from $7.4 billion in debt taken on during a top-of-the-market buyout in 2007 led by David Lichtenstein's Lightstone Group. Gary DeLapp, head of the company that manages Extended Stay, said it will not close or sell any hotels or cut employee pay or benefits.
Copyright 2009 BusinessWeek
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Article Details
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Author:Harry Maurer & Cristina Linblad
Publication:BusinessWeek
Date:Jun 25, 2009
Words:116
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