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New Extended Stay America Opens in South Carolina

Charlotte, NC, February 27, 2024— Extended Stay America, the leading mid-priced extended stay hotel brand in the U.S., announced today the opening of the Extended Stay America Premier Suites in Duncan, South Carolina. VMV Capital developed and will manage the property.

The four-floor, 88-room newly constructed Extended Stay America Premier Suites Duncan hotel features free Wi-Fi, complimentary healthy breakfast, premium cable, a fitness room, onsite guest laundry, and Extended Stay America Premier Suites' signature spacious lobby with additional vending options. All spacious suites include fully equipped kitchens with a full-size refrigerator, microwaves, stovetops, cookware, utensils, and dishes, as well as signature bedding, recliner, and workspace.

"We are excited to welcome the Extended Stay America Premier Suites Duncan. By expanding our footprint to this thriving area, we can meet the growing demand for extended stay lodging, providing guests with the amenities and essential services to stay productive as they are away from home," said Mark Williams, Managing Director, Franchise Development, Extended Stay America. "As the extended stay segment leader, it is our pleasure to work with companies like VMV Capital who invest in their communities to provide long-term accommodations and help us continue to meet the growing demand for extended-stay lodging."

"We're thrilled to bring the newest hotel to Duncan, South Carolina located in Spartanburg County. I am incredibly proud of the hard work and dedication of our team, who have worked tirelessly to bring this hotel to fruition,” said Vinny Patel, CEO of VMV Capital. “Their commitment to excellence has been instrumental in ensuring that the Extended Stay America Premier Suites Duncan will provide guests with an exceptional experience."

The Extended Stay America Premier Suites Duncan is located off I-85, near I-26, and only four miles from the Tyger River Sports Complex and Upward Star Center. The hotel offers guests convenient access to Greenville-Spartanburg International Airport and BMW Manufacturing, Wofford College, USC Upstate, Converse College, Draxlmaier Group, Benteler Automotive, and the Tyger River Industrial Park.

To learn more about franchising opportunities with Extended Stay America, visit franchise.esa.com.

About Extended Stay America
Extended Stay America is the leading mid-priced extended stay hotel brand in the U.S. with more than 700 hotels. Committed to delivering value and genuine goodness to every guest at every location, the Extended Stay brand family includes Extended Stay America Premier Suites, Extended Stay America Suites and Extended Stay America Select Suites. For more information or to book, please visit www.esa.com and follow @ExtendedStay.

About VMV Capital
VMV Capital is a privately held Real Estate Investment, Development and Management firm. VMVs sole focus is Value-Add and Opportunistic investment opportunities within the Extended-Stay Hotel sector in the Southeast USA, achieved via New Construction and Redevelopment projects and an accomplished management team for operational excellence. VMV conservatively invests in opportunities with a long-term perspective to ensure investments create value to our stakeholders, including our local communities. For more information on VMV Capital, visit www.vmvcap.com.