Economy extended stay is a real estate niche most people have never thought about. Michael Nielson, founder and CEO of West 77 Partners and LivAway Suites, left his family's 20,000-unit multifamily business to build a vertically integrated platform focused on economy extended stay — a category he says operates closer to multifamily than to traditional hotels. Host Phil Coover talks with Michael about the staffing efficiencies that let these properties run on a fraction of a typical hotel's headcount, the market data behind site selection, and the in-house construction company that has kept every build on budget. Michael also explains why West 77 favors long-term holds over quick flips, and how employee ownership keeps everyone aligned.

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