My Place Hotels Partners with Lloyd Companies to Develop 10 New Midwest Locations in Five-Year Franchise Deal
🏨 July 22, 2026, USA, Aberdeen, South Dakota: My Place Hotels of America and Lloyd Companies signed a multi-property franchise agreement to develop 10 new hotels over five years in the Midwest, starting with Missouri and Ohio. Lloyd will handle development and construction, aiming to open two properties annually, beginning in early 2027. This aligns with the growing trend of extended-stay hotels, which now make up over a third of U.S. hotel projects under construction.
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