Developed Group Stay Concept
Four Years of Work Into Creating a Replicable Model
The First Hotel for Groups
Hotel [Name] is the product of over four years of work. After identifying the advantages of large-format hospitality in New Orleans, one of the top group-travel markets in the US, [Developer} began development of the concept that would become Hotel [Name]. The property is set to launch in fall 2024.
Large Group Suites
Floor plans cater to group stays with efficient bedrooms laid out around central shared lounge and living spaces.
Hotel [Name] Unit
5 Bedroom
1650 ft2
3 Bath
$20,000 / mo
Cost Efficiencies & Upside
Group stays are more cost effective with smaller bedrooms, less bathrooms and more flexibility in layouts. They also see enhanced economics with groups willing to pay more per bed to stay together, especially with greater proximity to attractions than other large-format options.
Comparison
Traditional
Group-Stay
Area Size
3,127sf
3,127sf
Rooms Count
10 x 1BR
1 x 2BR
1 x 3BR
1 x 4BR
1 x 3BR
1 x 4BR
Build Cost
$$$
$$
Revenue
$400k
$528k
Traditional Hotel vs. Group-Stay Floor Plan
Group-Stay
Traditional
Hotel for Groups vs. Traditional Hotels
Group Hotels
Traditional Hotels
Full Kitchen
Dining Room
Living Room
Ideal for Groups and Families
Higher ROI / SF for Investors
Higher Perceived Value for Guests
Full-Service (Turn-down)
Average Length of Stay (days)
4.3 Days
1.8 Days
Hotel for Groups vs. Competitor Airbnbs
Group Hotels
Competitor Airbnbs
Professional Hotel Management
On-Premise Food & Beverage Options
Trusted Brand vs. Individual Host
Well-Suited for Corporate Events
Tech-Enabled Guest Experience
Hotel-Quality Amenities and Design
Consistent Experience You Can Trust
More Affordable than a 4-Star Hotel