stayAPT Suites

stayAPT Suites offers modern, apartment-style accommodations designed for extended stays, catering to both leisure and business travelers seeking a home-like environment during their visits. stayAPT Suites, founded in 2019, operates in Matthews, US, providing apartment-style lodging for extended stays. The company emerged from the acquisition of Affordable Suites of America, Inc. by Lindsay Goldberg in January 2019.

It has only completed one deal thus far. stayAPT Suites specializes in providing modern, apartment-style accommodations designed for extended stays. Their core offerings include spacious suites with full-size kitchens, dedicated living rooms, and separate bedrooms, making it conducive for both leisure and business travelers who require a home-like environment during their stay. Key amenities include full-size appliances, a dedicated workspace, and a secure outdoor courtyard featuring a grill station and seating areas, which enhance the guest experience.

The company targets a diverse clientele, including traveling professionals, military personnel, healthcare professionals, and leisure travelers, with properties strategically located in urban and suburban markets across the United States. Each suite is designed with attention to comfort and functionality, aiming to solve the need for a more home-like living space away from home for guests staying for extended periods. The revenue model for stayAPT Suites is primarily based on direct bookings for nightly, weekly, and monthly stays, positioning the company within the hospitality sector. Guests can secure accommodations through various pricing plans that cater to different lengths of stay, allowing for flexible arrangements depending on customer needs.

The structure of transactions typically involves direct-to-consumer bookings, where guests reserve suites through the company’s website or mobile app. This direct engagement not only enhances customer experience but also fosters loyalty through exclusive deals. By focusing on providing a unique, home-like atmosphere, stayAPT Suites aims to attract a steady stream of clientele, ensuring that their revenue is closely tied to the occupancy rates and the duration of guest stays. The most recent deal for stayAPT Suites occurred on January 14, 2019, when Lindsay Goldberg acquired Affordable Suites of America, Inc.

This strategic acquisition is expected to facilitate future growth, with ongoing plans to expand into new geographic markets across the US. Specific regions targeted for development are not detailed, but the company aims to leverage recent funding to enhance its service offerings and design new products to meet client needs.