Coming off tremendous performances in 2021 and 2022, US select-service and extended-stay lodging properties are poised for an even better 2023, according to a report from JLL.

In 2022, extended-stay investment volume accelerated with liquidity approaching $20.5 billion, a 5.5% increase year-over-year.

Extended-stay hotels currently represent 9.6% of the total U.S. hotel supply, an increase of 3.1pp relative to 2012, according to JLL.

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