Choice Hotels International, Inc. announced that it was working with property developers Concord Hospitality, We Care Trading Co., Ltd, and Meyer Jabara Hotels to build three new Cambria Suites hotels in New York. The properties, to be located in Times Square and Chelsea in Manhattan, and downtown White Plains in nearby Westchester County, build on Choice Hotels growth plans in the upscale lodging segment and the expansion of Cambria Suites in key urban markets, offering business travellers a stylish, new all-suite hotel product with exceptional services and amenities at a great value. The three projects represent a combined investment of approximately USD $141 million in New York, the creation of nearly 1,000 jobs and 461 hotel rooms.
"Having three hotels under simultaneous construction in the New York metro area speaks volumes about the great appeal and performance potential of Cambria Suites," says Steve Joyce, President and Chief Executive Officer of Choice Hotels International. "Working with the industry's top developers gives us that extra edge in bringing this brand to New York, one of the most dynamic and highly competitive hotel and real estate markets in the country. Our rapidly-growing, award-winning brand appeals to business travellers looking for stylish, accommodations at a great price."
The White Plains property is scheduled to open in Summer 2013, while the Times Square and Chelsea properties are due to open in 2014. Through agreements recently signed with developer O'Reilly Hospitality Management, LLC, Cambria Suites hotels are also due to open later in 2013 in Phoenix, Arizona and Plano, Texas.
There are currently 19 Cambria Suites hotels open in the US and many are ranked #1 and #2 in their respective markets on TripAdvisor.
Photo caption (from left to right): C.A. Anderson, VP Development, Cambria Suites; David Pepper, SVP, Global Development, Choice Hotels International; Michael Murphy, SVP, Cambria Suites; Mark Laport, President and CEO, Concord Hospitality; Steve Joyce, President and CEO, Choice Hotels International; Richard Branca, Principal and EVP Construction, Concord Hospitality; Steve Stoycos, Managing Director, Capital Markets, Choice Hotels. (PRNewsFoto/Choice Hotels International, Inc.)