Oakwood Buys Marriott ExecuStay?

Wow…just read the news below!

Marriott International To Sell ExecuStay Corporate Housing Brand To Oakwood Worldwide
http://m.prnewswire.com/news-releases/marriott-international-to-sell-execustay-corporate-housing-brand-to-oakwood-worldwide-147630935.html

Your take on this news? What impact do you expect/anticipate this will have on the furnished apartment sector? How will the decision-makers at major corporations see this acquisition?

Based on Oakwood signing an 8-year agreement to use Marriott Hotels exclusively…this is certainly an interesting selling/sales proposition, yes?

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Ernest Oriente

 

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Posted by Ernest Oriente

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