One Oak is introducing an exciting new hotel development in Morristown, TN. It will be the first extended stay hotel in the area using the TownePlace Suites brand through a franchise agreement with Marriott. TownePlace Suites is an innovative, all-suite upscale hotel brand designed to meet the needs of extended stay guests seeking a warm sense of community in a home-like environment that is perfect for business, relocation and vacations. Featuring compelling economics and strong performance in Average Daily Rate (ADR), Occupancy, and Extended Stay Occupancy. The hotel designs to offer guests extraordinary value and features modern spacious suites with full kitchens, larger public spaces and a complimentary hot breakfast. The decor, Real Living, expresses today’s design trends with an emphasis on comfort and creating a sense of well-being.