A new establishment is set to take over the Extended Stay America site in Laredo
Market News | April 12, 2026
A new hotel concept is planned for the site currently occupied by Extended Stay America in Laredo.
According to recent filings, the property at 106 W. Village Blvd is expected to be renovated and rebranded as a Hyatt Studios asset.
The redevelopment includes a multi-million-dollar renovation and a targeted completion timeline in 2026.
The permit filing indicates the existing hotel structure will be repurposed rather than fully rebuilt, aligning with a value-add redevelopment strategy often used in hospitality repositioning.
Hyatt Studios is designed around extended-stay demand, featuring studio-style rooms intended for longer-duration guests such as project workers, relocating families, and healthcare-related travelers.
Project documentation references approximately $2.8 million in renovation investment across roughly 40,000 square feet of property area.
Construction is expected to begin in January, with projected completion by November 2026, subject to permitting and execution schedules.