Economy extended-stay hotel brand LivAway Suites has broken ground on a new location in New York as part of its plan to open 10 additional properties in 2024.

The new property in Dewitt will reap the benefits of a stimulated local and regional US economy due to two recent national spending bills: the $1.2tn Infrastructure Investment and Jobs Act and the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act.

As a result of this legislation, semiconductor company Micron Technology has announced plans to develop a $100bn semiconductor factory minutes from the new LivAway Suites location. This is estimated to bring 50,000 new jobs to the surrounding community, along with more demand for extended-stay properties.

Onondaga County executive Ryan McMahon commented: “As a growing community, the need for more hotels is greater than ever. Just as important is the diversity in hotel options.

“Thanks to the investment being made by LivAway, Onondaga County will be able to continue offering visitors, business professionals and others the high-quality, budget-friendly options they are seeking.”

Based in Salt Lake City, Utah, LivAway Suites is built on the concept of “for developers, by developers”. It aims to disrupt the traditional hotel franchise model through transparent pricing and an improved return on investment.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In September 2023, the company selected Cloud5 Communications as its strategic communications partner to provide guest relations and general reservations support.