I absolutely love extended stay hotels.

But also if I'm going to a national park with friends - AirBNB has unmatchable options.

Perhaps that market is too niche to justify its investors goals (I'm sure most travel is still business travels) but AirBNBs fill an amazing niche.

In my experience, TownePlace and similar brands tend to be located slightly out of the way, often in large commercial developments. Not always walkable or in the heart of where you want to be.