Would You Sacrifice Space for Style in a Hotel Stay?
*By Amanda Weston*
Small hotel spaces that go big on style are attracting both millennials and older guests, and one founder believes the micro-hotel concept will only continue to spread ー and dominate.
"I think it'll kill it everywhere," Richard Born, co-founder of Pod Hotels operator BD Hotels, told Cheddar Friday.
"It killed it in Washington, and each one of these Pod Hotels have been really fully-occupied from the day we opened the doors."
After expanding to Washington, D.C., last year, Pod is plotting for more growth. A Philadelphia location is under construction, and the building of a Los Angeles outpost will get underway in November.
[Pod Hotels](https://www.thepodhotel.com/) began in New York in 2007 and now has locations in both Manhattan and Brooklyn. The average room size is 125 to 130 square feet, priced around $150-$175 per night. By comparison, The Real Deal [reported](https://therealdeal.com/2018/06/07/pricing-power-finally-returns-to-manhattans-hotels/) the city's average rate is $216.
While his hotels are limited on traditional space, Born said they have more to offer than square footage. All the locations have bars and outdoor spaces, creating a sense of community for guests.
"We simply ask our guests to sacrifice a little bit of real estate for a lot of style," Born said. "We think we deliver very high quality. So if you can't afford to stay in a high end boutique hotel, you can stay in a micro boutique hotel."
A Times Square location debuted this year with 665 rooms and 45 "Pod Pads" for longer-term stays. An upgrade on the original rooms, the micro-apartments run between 500 and 550 square feet for a two-bedroom.
"The interesting thing about the Pod Pads is that most of our customers come in to look at an apartment and just take the key and stay," Born said. "Because we're fully furnished, and you have all services, and you really don't need anything other than your own clothes and a toothbrush."
BD Hotels also manages New York City's The Mercer, The Marlton, The Bowery, The Maritime, and The Greenwich hotel properties.
For full interview [click here](https://cheddar.com/videos/micro-hotels-trade-size-for-savings-and-style).
AI is reshaping investigations. Longeye CEO Guillaume Delepine shares how their AI workspace empowers law enforcement to uncover insights faster and smarter.
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.