Choice Hotels International Welcomes Woodspring Suites To Their Franchise Family

Choice Hotels franchise
Choice Hotels You Always Have A Choice

When it comes to lodging & accommodations, our name is one of the very first things that comes to the mind of a traveller.

Published on

Choice Hotels International adds WoodSpring Suites to their portfolio of franchised brands.

One of the world’s hotel giants, Choice Hotels International has announced the acquisition of the fastest growing value extended-stay hotel company in the US - WoodSpring SuitesSM from WoodSpring Hotels Holdings LLC. A portfolio company of Lindsay Goldberg, WoodSpring SuitesSM was amassed for approximately $231 million and will add 240 extended-stay hotels to Choice Hotel portfolio of over 350 properties with existing brands, MainStay Suites® and Suburban Extended Stay®.

WoodSpring Suites brings Choice Hotel’s portfolio of existing extended-stay brands a franchise business with a wealth of market leading capabilities. As part of the deal, Choice Hotels International will take onboard WoodSpring Suites franchise business employees, strengthening the franchisee relationships responsible for the brand’s success and providing generous returns and resilience through market cycles. Choice Hotels International president and chief executive officer, Patrick Pacious said: "We are pleased to announce our plans to welcome WoodSpring Suites to our portfolio of brands. Like Choice Hotels, WoodSpring Suites has demonstrated exceptional customer service, attractive franchisee returns on investment, and tremendous growth.”

"Extended stay is a fast-growing segment, reporting some of the strongest gains in demand and has led the hospitality industry in annual RevPAR growth. The addition of the WoodSpring Suites brand will allow us to strengthen our scale within the attractive extended-stay segment, expand our runway for growth, and continue to create value for our customers, franchisees and shareholders."

In recent years, WoodSpring Suites has carried out a successful brand relaunch and repositioning that resulted in unit growth of over 25% and a 45% increase of franchise fee revenue growth. Twenty-five more hotels are scheduled to open in 2018.

WoodSpring’s president and chief executive officer, Gary A. DeLapp said: "Choice Hotels and WoodSpring Suites share the same values and dedication to customer service and franchisees. We are thrilled that our brand will join the powerful value proposition that Choice Hotels offers and know our commitment to providing the best guest experience will remain a priority."

Other recent news
Did you enjoy this article? Please rate this article
Be the first to rate this article
These franchises may interest you
Brokerplan Academy franchise

Brokerplan Academy

We give you all the tools and training you need to launch your new business and career in finance!

Read more ›
Minimum investment
£14,995
Finance
Request
information
NLP4Kids franchise

NLP4Kids

NLP4Kids is a leader in combining Neuro-Linguistic Programming (NLP). They focus on methods for children. Based in the UK, they aim to improve [...]

Read more ›
Minimum investment
£10,000
Personal & Home Care Services
Request
information
Local Eats franchise

Local Eats

Run your own Just Eat Style food ordering service and earn up to £70,000 in your first year with your proven model and unbeatable technology!

Read more ›
Minimum investment
£6,000
Food
Request
information
YO! SUSHI KIOSK franchise

YO! SUSHI KIOSK

YO! is recognised as one of the most successful sushi restaurant Japanese food brands in the UK. Our flagship outlet was met with fantastic [...]

Read more ›
Minimum investment
£10,000
Restaurant, Coffee Shop & Pub
Request
information
TaxAssist Accountants franchise

TaxAssist Accountants

TaxAssist Accountants is the largest network of accountants in the UK dedicated to serving the financial issues of small businesses and [...]

Read more ›
Minimum investment
£40,000
Finance
Request
information
These articles may interest you

What awaits you at Franchise Expo Paris 2024

Decades of Evolution: Franchise Expo Paris Reflecting Market [...]


FRANCHISING EVENTS

Celebrating the best of the best in British franchising

The Elite Franchise Top 100 (EF100) is thrilled to announce the latest [...]


FRANCHISING EVENTS

The Future is Halal: Emerging Franchise Opportunities in the UK Halal Market

Embracing a Growing Market  In a world that’s becoming [...]


TOP FRANCHISES

8 Steps for Opening a Car Repair Garage

Transport is part of our daily lives. We drive to work, take the [...]


STARTING A FRANCHISE

Mastering How to Finance a Franchise with No Money

Franchising is often a more affordable way of becoming an [...]


FINANCING A FRANCHISE

0 Comments

Post a comment

Characters remaining: 250