Young Entrepreneurs of CitiStay Hotels Building Florida Hotel

In 2005, a couple of twenty-something entrepreneurs created a company, in CitiStay, to build what they believed would be a new line of hotels that will better serve travelers in the 18-39 age group.

The New York based CitiStay Hotels LLC is finishing up their first hotel, which will be opened early 2007 in Miami’s South Beach.

CitiStay Hotels wants to give travelers a great travel experience at a fair rate. Their website says, “A hotel experience should be more than just a reservation, a check in desk, a bed, a bathroom, and a rickety, stained ironing board.”

While the hotel rooms will be priced lower than traditional rooms, CitiStay President Gregory Tubeck is quick to point out that CitiStay won’t fit the traditional budget hotel image.

“We have found a way to balance a higher star rating with less associated dollar signs,” Tubeck said.

“The airlines have become so competitive in recent years, slashing their going rates and making leisure travel very affordable,” said CitiStay VP and co-founder James Lewis. “Still, the hotel industry hasn’t done its part. Something is wrong with paying $69 to fly to Miami, then spending $250 a night once there.”

Founders Gregory Tubeck, 24, and James Lewis, 24, have future hotels planned around the country. According to their website, hotels are planned in Las Vegas, San Diego, San Francisco, Washington D.C., New York City, and Boston.