NORTH BETHESDA, Maryland—Alternative Inns Worldwide, Inc. reached a model milestone with the opening of its one centesimal Suburban Studios lodge, demonstrating its go-to-market development technique that has pushed development of 45 p.c in 18 months. Because the relaunch of the Suburban Studios model in 2022, inclusive of design and model id refresh, the model has grown with 5 accommodations opened in October and eight in November. The one centesimal Suburban Studios is now open in Bloomington, Minnesota.
“We’re thrilled to have 100 Suburban Studios open, and we stay up for the following 100. Our progressive options to speed up conversions paired with our enterprise technique have enabled us to see continued development inside the section,” mentioned Ron Burgett, senior vice chairman, prolonged keep improvement at Alternative Inns. “Prolonged keep conversions are a lot sooner to market than their new building counterparts, serving to builders see returns as quickly as potential.”
With its conversion timeline, builders can take preexisting properties and convert them into Suburban Studios in a 3 to four-month turnaround time. Demand for prolonged stays is double the availability of purpose-built extended-stay merchandise, and the extended-stay section has continued to get consideration.
A part of the model is Alternative Inns’ “Kitchen in a Field,” a modular kitchen design bundle launched for Suburban Studios in spring 2022, permitting franchisees to transform transient accommodations into extended-stay accommodations.
