The WoodSpring Suites brand outpaced the extended-stay segment with an impressive RevPAR increase of 13.5 percent compared to the same period of the prior year.
ROCKVILLE, MD. – The WoodSpring Suites brand is strengthening its position in the extended-stay segment even more since joining the Choice Hotels family of brands on February 1, 2018. In total, 33 new WoodSpring Suites franchise agreements were awarded in the first quarter, the highest level of quarterly activity in the brand's history, including 31 since the acquisition.
"Developers have embraced the WoodSpring Suites brand. The acquisition by Choice Hotels and all of the resources that they bring to the table furthers interest in the brand, and resulted in our record-setting first quarter, including 19 franchise agreements with the brand's largest developer," said Ron Burgett, vice president, WoodSpring Suites development, Choice Hotels. "The extended-stay segment is on fire, and the WoodSpring Suites brand continues to be a leader in the category."
The WoodSpring Suites brand outpaced the extended-stay segment with an impressive RevPAR increase of 13.5 percent compared to the same period of the prior year. A total of 17 hotel openings and more than 50 groundbreakings are planned for 2018, including the first-ever property in Oregon state. Four WoodSpring Suites hotels opened in the first quarter, all of which were in top tier markets:
WoodSpring Suites Chicago-Tinley Park is in Tinley Park, Ill., located 16 miles from Chicago Midway International Airport and a short ride from Downtown Chicago museums, ball parks and other tourist attractions. WoodSpring Suites Detroit-Rochester Hills is located between Detroit and Pontiac, Mich., just minutes from three area hospitals and only two miles from Volkswagen Group of America.
WoodSpring Suites Providence, is two miles from downtown Providence, R.I. and is near the State House, Brown University and Quonset Point Naval Air Station.
WoodSpring Suites Seattle-Redmond, is located near the Microsoft Millennium Campus in Redmond, Wash., just 16 miles from Seattle.
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