"We fully expect this to be a seamless integration into the Homestead brand," says Gary A. DeLapp, te chain's president and CEO. "The hotel is in excellent shape and due to the product type, there will belittle renovation required."
Last August, Homestead announced plans to grow. It has since acquired four hotels. Its extended-stay portfolio includes 115 hotels in 28 states. It is looking for other independently owned hotels and hotel portfolios to purchase.
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