The Year Ahead 2023

The Best Extended-Stay Hotels Now Feel Like Home—But Fancier

It’s no longer for the sad salesman on the road. Brands from Marriott to Hyatt to Accor are building luxurious, homey places where you’ll actually want to eat, work, exercise and hang out.

Hyatt House Kanazawa in Japan.
Courtesy Hyatt House Kanazawa

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By Lebawit Lily Girma

January 10, 2023 at 1:00 AM EST

This article is part of the January 16, 2023 issue of businessweek.

Traditionally, residence hotels have targeted either the jet-setter—take the $8,000-a-night Hyde Park suite at Mandarin Oriental London—or, as with the $95-a-night Hawthorn Suites by Wyndham in Sterling, Virginia, the budget-conscious business traveler.

But the hospitality industry is starting to tap into a broader market for extended-stay accommodations. These aren’t soulless, repetitive furnished suites. Dual-brand hotels, in which a company operates one property as an extended-stay space and an adjoining one as a standard hotel, are becoming more common. In the aftermath of the Covid-19 pandemic, people are seeking a beautiful place to work that also delivers the comforts of home (or better).