LivAway Suites lands $65 million in debt financing via Keystone

By William Gullotti

Buffalo, N.Y., Jan. 19 – LivAway Suites arranged for $65 million in debt financing from Keystone National Group, LLC, according to a press release on Thursday.

The Keystone facility will expedite LivAway’s ability to enter top extended stay markets across the United States, following two years of market research, LivAway said.

"The economy extended stay segment performed incredibly well during the pandemic, yet most of the segment is run down and dated," said Kevin Dailey, chief operating officer at LivAway Suites, in the press release.

He added, "We have decades of experience in the extended stay space and have developed multiple hotels for other brands, so we know what makes developers successful. At LivAway Suites we are laser-focused on our developer partners' return on investment."

LivAway is a Salt Lake City-based company preparing to open economy-priced extended stay hotels.

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