MATTHEWS, North Carolina—stayAPT Suites introduced a major growth initiative in partnership with Powerhouse Resorts, a three way partnership between JCap Realty Group and Cullinan Holdings. This collaboration entails signing a multi-unit improvement settlement, including 30 new places to stayAPT Suites’ portfolio, and increasing the model footprint to 25 states over the following 5 years, with six places that may break floor in 2024.
The strategic alliance between stayAPT Suites and Powerhouse Resorts underscores confidence within the model’s idea of apartment-style lodging. The model has 22 operational lodges and a projected complete of 40 by the tip of 2024.
Gary A. DeLapp, president and CEO of stayAPT Suites, stated, “We’re thrilled to hitch forces with Powerhouse Resorts to broaden the attain of stayAPT Suites. This multi-unit improvement settlement marks a major milestone in our progress technique and demonstrates the enchantment of our distinctive apartment-style idea to visitors, buyers, and the franchise neighborhood.”
Brian Johnson, managing associate of Powerhouse Resorts, stated, “We’re excited to associate with stayAPT Suites on this endeavor. The revolutionary method of stayAPT Suites, a novel hybrid between multi-family and resort, aligns completely with our imaginative and prescient for investing in hospitality.”
