Investors who thought homestay platforms were a safer choice than hotels amid the pandemic haven’t considered a third alternative—a homestay at a hotel.
Like its lodging peers, given its place in a hospitality industry generally ravaged by Covid-19, Extended Stay America Inc. has underperformed the broader market this year. But that has changed in the past month as investors homed in on the fact that, while we may be in for a long and economically draining winter, relative shelter may exist in unlikely places.
Despite…
This post first appeared on wsj.com
