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STAYHotel Dive · 3h ago

Placemakr opens second apart-hotel property in Arizona

Executive Brief

The 30-second read

Placemakr has launched its second Arizona apart-hotel property, branded as Apartments by Hilton, in the Tempe market. The expansion addresses a regional imbalance where demand for long-term apartment-style lodging currently exceeds available inventory.

  • 01New-build Placemakr Tempe property operates under the Apartments by Hilton brand
  • 02Expansion targets the greater Phoenix market to address hospitality supply shortages
  • 03CEO Jason Fudin identifies apartment-style stays as a high-growth sector outpacing supply
  • 04The facility represents the hospitality tech company's second recent development in Arizona

AI-generated summary · Verify at source

The new-build Placemakr Tempe, Apartments by Hilton comes as “demand for apartment-style stays is outpacing supply” in the greater Phoenix market, per CEO Jason Fundin.