extended stay hotels

Extended Stay Hotels and Six Flags Inc. (SIXF) today reminded investors not to count their chickens before they are hatched. The operator of extended stay hotels in 44 states and the owner of 20 theme parks, including New Jersey's Great Adventure, both filed for Chapter 11 bankruptcy protection....

Smith Travel Research, a firm that tracks travel trends, recently reported that although annual hotel room occupancy fell 1.5% industry-wide through November 2008, for extended stay hotels, occupancy rose by 3.5%. Sure enough, press releases from the apartment hotel companies keep crossing my desk,...