ExecuStay

ExecuStay was founded in 1987 in the United States and became one of the early organized providers of corporate housing. Its service model focused on furnished temporary homes for stays of 30 days or longer, positioning the company between hotel accommodation and conventional apartment leasing. The intended users included employees relocating for work, corporate travelers assigned to a market for an extended period, and people requiring temporary accommodation while their permanent homes were unavailable. The company also developed an insurance-housing offering. This segment served policyholders displaced by property damage or repairs, giving insurers and their customers access to furnished residences for the duration of a claim-related disruption. The use of furnished apartments allowed customers to maintain a more normal residential routine than a hotel room could typically provide, while avoiding the setup costs and long-term commitment of a standard lease. ExecuStay was notable for making its stock available for public sale in August 1997, an early example of a corporate-housing provider presenting its accommodation inventory to a broader market. The business subsequently entered a major expansion phase following its acquisition by Marriott International in 1999. Marriott integrated the operation into its brand portfolio, initially using the name ExecuStay by Marriott. From 1999 to 2002, the business expanded its reported revenue from approximately $1 million to more than $50 million. Its available apartment inventory grew from 180 units to 800 units in less than two years, while its geographic reach extended into nearby markets such as Connecticut, New Jersey, Westchester, and Long Island. Reference material also describes the broader operation as serving 45 regions in the United States and maintaining more than 6,000 temporary homes. These figures reflect the scale described in the available source and may refer to different points or definitions of inventory and coverage. In March 2002, the name changed to Marriott ExecuStay. The renaming made the Marriott affiliation more prominent while retaining the established ExecuStay identity. The business continued to represent Marriott's presence in corporate housing rather than traditional nightly lodging. Marriott sold ExecuStay to Oakwood Worldwide Corporate Housing in April 2012. The transaction ended Marriott's ownership of the brand. The available reference material does not provide sufficient information about the subsequent corporate structure, any later rebranding, the current inventory, or whether ExecuStay continues to operate as an independent customer-facing brand. Its present status is therefore unresolved in this dossier.

• 2012

  Sold to Oakwood Worldwide Corporate Housing

  [1]ExecuStayen.wikipedia.org

  Marriott sold ExecuStay to Oakwood Worldwide Corporate Housing in April 2012.

• 2002

  Renamed Marriott ExecuStay

  [1]ExecuStayen.wikipedia.org

  The business changed its name to Marriott ExecuStay in March 2002.

• 1999

  Acquired by Marriott International

  [1]ExecuStayen.wikipedia.org

  Marriott International purchased ExecuStay Corporation and subsequently operated the business under the ExecuStay by Marriott name.

• 1997

  Accommodation stock offered for public sale

  [1]ExecuStayen.wikipedia.org

  In August 1997, ExecuStay became one of the early corporate-housing providers to offer its available stock for public purchase.

• 1987

  ExecuStay is founded

  [1]ExecuStayen.wikipedia.org

  ExecuStay was established as a U.S. provider of furnished corporate and temporary housing.

A residential alternative to hotels and conventional leases for corporate relocations, extended business assignments, and insurance-related temporary housing.

• Corporate housing · 1987

  Furnished corporate apartments

  ExecuStay provided furnished apartment accommodation for corporate customers and employees who needed housing during relocations, temporary assignments, or other extended business stays. The offering was designed for stays of 30 days or longer and supplied a residential alternative to hotel lodging.

• Temporary accommodation

  Insurance housing

  The brand arranged furnished temporary homes for people displaced from their primary residences because of insured damage or repairs. This service supported the practical housing needs associated with insurance claims and allowed affected residents to remain in a furnished setting during the disruption.

• Relocation services

  Corporate relocation housing

  ExecuStay served relocating employees and other customers who required an interim residence while moving between cities or arranging permanent housing. Its furnished units reduced the need for customers to furnish an apartment or enter a conventional long-term lease.

• 2012

  Sale to Oakwood WorldwideM&A

  Background

  Marriott divested the corporate-housing operation after more than a decade of ownership.

  Action taken

  Marriott sold ExecuStay to Oakwood Worldwide Corporate Housing in April 2012.

  Aftermath

  ExecuStay left Marriott's ownership. The available material does not establish the brand's later operating structure or current status.

  Source

• 2002

  Brand renamed Marriott ExecuStayStrategy

  Background

  Following Marriott's ownership of the business, the company emphasized its relationship with the Marriott brand.

  Action taken

  The name was changed from ExecuStay by Marriott to Marriott ExecuStay in March 2002.

  Aftermath

  The renamed division continued to operate in the corporate-housing and temporary-accommodation segment.

  Source

• 1999

  Marriott acquisitionM&A

  Background

  ExecuStay was an established provider of furnished corporate and temporary housing when Marriott International acquired the company.

  Action taken

  Marriott purchased ExecuStay Corporation and incorporated the operation into its hospitality portfolio.

  Aftermath

  The business used the ExecuStay by Marriott name and subsequently expanded its reported revenue, inventory, and geographic coverage.

  Source

1. 1ExecuStayen.wikipedia.org