Why stayAPT Suites and Destiny Partners Are Redefining Extended Stays
DESTINY PARTNERS LLC and stayAPT Suites signed a franchise deal for five Pennsylvania locations: Lancaster, Reading, York, Bethlehem, and Allentown. Construction begins this spring on the first 94-room, four-story property in Lancaster.
Destiny Partners co-founder Shakher Patel leads the firm, while Gary DeLapp is stayAPT Suites' president and CEO.
“We’ve evaluated numerous extended stay brands, and what sets stayAPT Suites apart is their skin-in-the-game approach,” Patel said. “Their business model, which emphasizes on-site management, a low employee count, and a streamlined amenities approach, offers the highest potential margins in the industry. Reviews also show that guests consistently rate their experience highly. stayAPT Suites has been flexible in adapting the product to meet our specific needs while maintaining consistency for guests.”
Destiny Partners and Destiny Hospitality oversee the development, construction and management of extended stay and lifestyle hotels and multifamily properties.
“We believe this model, combined with their spacious suites, will allow stayAPT Suites to capture more than their fair share of the extended stay market, providing a strong guest experience and solid financial performance for our investors,” Patel said.
DeLapp said the partnership with Destiny Partners is a step in stayAPT Suites’ U.S. expansion.
“This agreement strengthens our national presence and expands the brand’s footprint into Pennsylvania,” he said. “These locations will provide travelers with the comfort of a full-size living space—complete with a kitchen, living room, and separate bedroom—offering the consistency of a hotel with the livability of an apartment.”
Matthews, North Carolina-based stayAPT Suites, which was launched in January 2020, plans to open more than 40 hotels soon.
Miami-based Archer Capital Group, led by CEO Bakul Sanghvi and Managing Principal Rahil Sanghvi, acquired the 65-key Homewood Suites by Hilton Augusta in Augusta, Georgia from an institutional seller.
