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Extended Stay America Premier Suites Adds Property in Meridian, Idaho

RREAF Holdings Opens Extended Stay America Premier Suites

Charlotte, NC, August 23, 2023— Extended Stay America announced today the opening of the Extended Stay Premier Suites Boise-Meridian, located in Meridian, Idaho. RREAF Holdings developed the property, and Aimbridge Hospitality will manage it.

The four-story, 124-room, newly constructed Extended Stay America Premier Suites will feature free wi-fi, free healthy breakfast, premium cable, a fitness room, onsite guest laundry, and Extended Stay America’s signature spacious lobby with additional vending options. All spacious suites include fully equipped kitchens with a full-size refrigerator, microwave, stovetop, cookware, utensils, and dishes, as well as signature bedding, recliners, and workspace.

“We are excited to welcome the Extended Stay America Premier Suites Boise-Meridian to our system. The Boise Metropolitan Area is thriving as the home to corporate headquarters and emerging start-up companies. By expanding our footprint in the area, we can continue to meet the demand for extended stay lodging, providing guests with the amenities and essential services to stay productive as they are away from home for days, weeks, or months,” said Mark Williams, Managing Director, Franchise Development, Extended Stay America. “As the extended stay segment leader, we support companies like RREAF Holdings who invest in their communities to provide long-term accommodations.”

"We are thrilled to collaborate with Extended Stay America and Aimbridge Hospitality in the development and opening of the Extended Stay America Premier Suites Boise-Meridian," said Ned Washburn, Director of Extended Stay Hospitality at RREAF Holdings. "This property exemplifies our commitment to the thriving extended stay hotel sector, which continues to experience strong growth and demand. By blending comfort, convenience, and modern amenities, we aim to create an unparalleled experience for guests seeking a home away from home. The opening of this Extended Stay America Premier Suites hotel not only signifies our unwavering dedication to providing outstanding extended stay accommodations, but also underscores our belief in the tremendous potential of the extended stay hotel sector. We are excited to contribute to the dynamic landscape of extended stay hospitality and meet the evolving needs of today's travelers."

The Extended Stay Premier Suites Boise-Meridian is located in Meridian, a suburb of Boise, Idaho, right off Interstate I-84, only nine miles from Boise Airport. The property is conveniently located near Saint Luke’s Medical Center, St. Alphonsus Medical Center, Blue Cross of Idaho, Scentsy Corporate Headquarters, Boise Cascade, Amalgamated Sugar, Albertsons Distribution Center, Boise State University, and the University of Dubuque. Guests can visit the Roaring Springs Waterpark, Wahooz Family Fun Zone, and the Meridian Speedway.

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 RREAF Holdings
RREAF Holdings LLC ("RREAF") is a privately held, vertically integrated commercial real estate company based in Dallas, Texas, with roots that go back 37 years in the industry. RREAF focuses its portfolio of commercial real estate projects and development under five main divisions catering primarily to middle America with its programmatic value-add multifamily acquisitions, opportunistic hospitality and resort acquisitions, core ground-up development, large and highly amenitized master planned developments, acquisition / re-development of RV Resort Communities, Student Housing, and its ground-up extended stay hospitality development division.

RREAF and its subsidiary companies employ over 450 people directly and many thousand indirectly, mainly across the Sun Belt region, handling a wide range of commercial real estate investment matters, including in-house underwriting, due diligence, capital markets, acquisition, asset management, property management, construction management, project development, accounting, and legal support. RREAF and its debt and equity partners have built a diversified portfolio in its core competencies in excess of $4.5 billion in assets under management, across 15 states. Winner of the 2021 and 2022 Multifamily Operator of the Year Award and selected as an Optigo® 2022 and 2023 Select Sponsor, RREAF values its impact on local communities. RREAF's mission is to enhance the lives of its investors, partners, residents, and guests by providing outstanding service, excellence, and expertise with integrity, vision, values, and purpose. For more information, please visit www.rreaf.com.