LivAway Suites, a company producing a new extended stay hotel concept, arranged $85 million in debt financing through Keystone National Group for its first locations in the United States.
Following two years of market research and brand development planning, LivAway Suites has assembled multiple sites in markets across the United States that will break ground in 2023.
“The economy extended stay segment performed incredibly well during the pandemic, yet most of the segment is run down and dated. We believe our guests deserve better,” Kevin Dailey, chief operating officer at LivAway Suites, said. “LivAway Suites brings a fresh take to economy extended stay by offering a durable, modern hotel inspired by Scandinavian design paired with performance-improving technology to enhance the guest experience. Simply put, it’s better. We have decades of experience in the extended stay space and have developed multiple hotels for other brands, so we know what makes developers successful. At LivAway Suites, we are laser-focused on our developer partners’ return on investment.”
