Why Extended Stay Hotels Are a Smart Choice for Startup Founders Seeking Success

by / ⠀Travel / July 1, 2024
Extended Stay Hotels

Want to start your own business? This is no small decision, and probably a lot of major things will have to change in your daily life. One of these things is the place where you will have to stay while making your dream come true.  For many startup founders, extended stay hotels are a smart choice. They offer a perfect mix of amenities and advantages that traditional housing just can’t match.

Extended stay hotels are affordable, offering flexibility and convenience which are imperative for all entrepreneurs. In this blog post, we will explore all the reasons why these hotels should be the go-to options for all startup founders seeking success.

Long-Term Stay Savings

The prediction of your weekly/monthly costs and good budget management are the key of every successful business project. Nowadays, renting an apartment or house can be expensive, especially in urban areas where startups are likely to thrive. We know that in the beginning every dollar counts, so extended stay hotels show up as the most cost-effective solution.

The stay in these hotels includes utilities, internet and housekeeping, eliminating unexpected expenses that might come with traditional rentals. Weekly rate hotels often provide discounts that lower the overall cost compared to nightly rates.

The Solution for Unpredictable Schedules

When renting the traditional unit, there are restrictive leases that will lock you into long-term commitments. These leases won’t fit your busy and unpredictable schedule. As a startup founder, you will need to travel for meetings, pitch sessions and networking events on short notice, and renting a house or an apartment doesn’t accommodate sudden changes.

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Staying in extended stay hotels allows you to adapt your living arrangements as your schedule demands. You will have the flexibility of week-to–week or month-to-month stays, coping with less stress and focusing on what is truly important – growing the business.

All Business Travelers’ Needs Satisfied

Extended stay hotels are designed to cater to all business travelers’ needs. They are well equipped with all the amenities that will make your life easier. These amenities often include high-speed internet, in-room workspace, business centers, meeting rooms and even on-site gyms. Additionally, there are communal areas where you can network, communicate and exchange ideas with other guests. Other available services, such as laundry facilities and housekeeping will make your overall experience comfortable and stress-free. Having all these resources available will make your everyday life convenient, allowing you to focus on your work without any distractions.

Our recommendation is to choose a room with a fully equipped kitchen where you can prepare your own meals. This will reduce dining costs and lead to healthier eating habits.

Building New Connections

While staying in this type of a hotel, you will be surrounded with other businesspeople and professionals, which can lead to building new connections. This environment is totally different from traditional housing setup, fostering potentially great networking opportunities. Just imagine all these informal conversations started in the lobby, at breakfast or in the gym – they might result in making valuable connections, potential collaborations, or even new clients. We consider this as an invaluable aspect of staying in an extended stay hotel.

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Safe, Secure and Peaceful Environment

Being an entrepreneur and starting/running your own business is a full-time job. Be prepared not to have any free time, even on the weekends or in the evenings. During your stay in these hotels, you won’t have to worry about utilities, housekeeping, and general maintenance, so you can focus on your startup rather than taking care of chores. The day-to-day hussle will be significantly reduced, allowing you to maintain your productivity and well-being.

The other important thing to consider is safety. Extended stay hotels have 24-hour front desk services, surveillance systems and secure entry points so you can be sure that you and your personal belongings are safe and sound all the time.

Strategic Hotel Locations and Easy Relocation

Extended stay hotels are strategically located in business districts, which is a significant advantage. The commute time will be reduced, saving your precious time and money. If you need to be close to your clients, investors, or key events, these hotels are for you.

In case your startup business requires relocation, you should know that the moving process is simplified. You can just pack your personal stuff and easily move into new, fully furnished, and ready-to-live-in space without worrying about the logistics of moving furniture. You will easily and quickly settle into a new city and continue with your work without further interruptions.

The Importance of Balance

To maintain long-term productivity, overall well-being, and to avoid burnout, your life has to be balanced. We are aware that achieving a healthy work-life balance can be challenging, especially in the early stages of the project. All previously mentioned amenities and facilities available in the extended stay hotels are more than helpful. Try to relax in the fitness centers, swimming pools and social events. You won’t have to waste your time on chores and housekeeping, so explore the hotel’s surroundings or just mingle in the crowd.

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Services Catered for You

As a long-term guest, your needs differ from the needs of regular guests. The great news is that extended stay hotels provide tailored services which will meet all your needs. These services include personalized housekeeping schedules, special rates, and even community events that encourage social interaction among guests. The helpful and polite staff will surely enhance your experience. They will make you feel comfortable and provide a homely environment, which will positively impact your mental health and overall satisfaction.

Extended stay hotels are a smart and strategic choice for all startup founders looking for a stable, supportive and resource-rich environment. Choose the one which suits your needs best and drive your ventures toward success.

About The Author

Kimberly Zhang

Editor in Chief of Under30CEO. I have a passion for helping educate the next generation of leaders. MBA from Graduate School of Business. Former tech startup founder. Regular speaker at entrepreneurship conferences and events.

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