Prototype & Operations

• Rooms: 93 (including 1 Manager Apartment)

• Gross Square Footage: 62,000

• Type: Limited Service Extended Stay

  • No pool, no breakfast, weekly touch-up room service

• Operational Efficiency:

  • On-site GM quarters to attract long-term managers and reduce turnover

  • Second employee room connected to front desk

  • Laundry done on-site to reduce costs

• Projected Stabilization: Year 3

  • ADR: $111

  • Occupancy: 78%

  • RevPAR: $86.33

  • Revenue per Room: $31.5k

  • NOI: 45.2%

  • Wage-to-Room Revenue: 12–13% (vs. industry 18–24%)

Comparable Sale

• Blackstone/Starwood purchase of 111 Woodspring Suites → $1.5B

  • Cost per location: $13.51M

  • Franchise termination cost: $0.607M

  • Total: $14.1M ($115–118K per key)

• Room revenue multiplier: 6x (would value StayAPT rooms at ~$200K each — 7% above 5-year stabilized value)

Development Economics

Initial Target Markets

1. Ephrata

2. Lebanon

3. Reading

4. York

StayAPT – 5-Year Financial Projections (Anycity, PA)

Operating Assumptions:

• Year 2: 3% occupancy growth & 4% ADR growth (stabilization)

• Year 3: +2% occupancy, +2% ADR

• Years 4 & 5: Flat occupancy, +2.5% ADR/year

Key Performance Metrics:

Virtual Tour

Terminal Value (Year 5)

• EBITDA: $1,560,792

• NOI after 4% FFE Reserve: $1,436,406

• Cap Rate: 8.3%

• Terminal Value: $17.31M

• Net Proceeds (after closing costs): $16.61M

• 5-year IRR: 22.37%

• Equity Multiple: 1.52x at completion