woodspring suites
Noble Acquires Ten Asset Portfolio of WoodSpring Suites Hotels
Noble Investment Group | July 18, 2023
Atlanta, Georgia (Tuesday, July 18, 2023) – Noble Investment Group ("Noble") today announced the acquisition of ten WoodSpring Suites hotels located throughout the southeastern United States. The firm plans to make physical improvements across the portfolio to enhance market positioning and accelerate performance. The portfolio is located in markets throughout Florida, Georgia, South Carolina, Tennessee, and Kentucky, characterized by positive net migration, job growth, and wage growth. The extended-stay, apartment-like offerings are highly desirable for relocations, traveling health professionals, government workers, and infrastructure ...
Choice Partners With Noble Investment Group to Develop Nine WoodSpring Suites
WoodSpring Suites | November 10, 2022
ROCKVILLE, Md. (November 10, 2022) – Choice Hotels International, Inc. (NYSE: CHH) recently signed an agreement with Noble Investment Group (Noble) to develop nine WoodSpring Suites hotels in Georgia and South Carolina over the next two years, signaling increased institutional interest in the largest economy extended-stay brand in the market. "When we acquired WoodSpring Suites four years ago, few other hotel brands were competing in the extended stay segment in a meaningful way. Choice Hotels not only breathed new life into this category--innovating new ways to deliver exceptional value to extended stay developers and longer-term guests...
Extended Stay America Continues Growth with Addition of More Than 100 Properties
Extended Stay America | August 4, 2022
CHARLOTTE, NC [August 4, 2022]— Extended Stay America announced today that subsidiaries of ESH Hospitality, Inc. are converting more than 100 recently acquired WoodSpring Suites hotels to the Extended Stay America family of brands later this year. “The addition of these properties, when combined with a growing trajectory of franchise properties in our pipeline, solidifies our position as the leader in extended stay,” said Greg Juceam, President and CEO, Extended Stay America. “We will apply our proven focus solely on extended stay guests to these properties and expect to increase overall performance in each of their respective mark...
Sandpiper Lodging Trust Acquires WoodSpring Suites Extended Stay Hotel Portfolio in Orlando, Florida
Sandpiper | March 7, 2022
Richmond, VA – March 7, 2022 – Sandpiper Lodging Trust (“SLT”) is pleased to announce the acquisition of two WoodSpring Suites extended stay hotels located in the Orlando, Florida market. One of the hotels, WSS Clarcona, is located 6 miles northwest of downtown Orlando. The other hotel, WSS Clermont, is located 18 miles west of Orlando, near Lake Apopka. The hotels were initially developed by Liberty Investment Properties and have been owned most recently by Hotel Management Services, Inc. Sandpiper Hospitality will immediately begin managing the two-hotel portfolio. Terms of the deal were not disclosed. Carter Rise, CEO of SLT...
Sandpiper Lodging Trust Acquires New WoodSpring Suites Extended Stay Hotel in Tampa, Florida
Sandpiper | February 8, 2022
Richmond, VA – February 8, 2022 – Sandpiper Lodging Trust (“SLT”) is pleased to announce the acquisition of a brand-new WoodSpring Suites extended stay hotel located in Tampa, Florida. The hotel was developed by Liberty Investment Properties, headquartered in Orlando, Florida, and was acquired by SLT upon completion. Sandpiper Hospitality will manage the 122-room hotel. Terms of the deal were not disclosed. Carter Rise, CEO of SLT, stated, “We have always been very attracted to the west coast of Florida’s hospitality market and we are extremely excited about the location of this asset in Tampa. Given the continued expan...
Choice Hotels’ Extended Stay Portfolio Shows Continued Resilience
Choice Hotels | June 18, 2020
ROCKVILLE, Md., June 18, 2020 - Choice Hotels International, Inc.'s (NYSE: CHH) strategic focus on the resilient extended stay segment continues to position the company for long-term success. Its brands, which include WoodSpring Suites and Suburban Extended Stay in the economy segment, and MainStay Suites and recently launched Everhome Suites in midscale, have achieved notable, industry-leading performance amid the current worldwide decline in travel demand. Choice Hotels' extended stay portfolio – led by WoodSpring Suites, the company's largest brand in the segment — outperformed the overall industry in several ways over the pas...
Choice Hotels Signs With ServiceStar Hospitality to Develop 14 New WoodSpring Suites Hotels
February 19, 2019
ROCKVILLE, Md., Feb. 19, 2019 -- Choice Hotels International, Inc. (NYSE: CHH) awarded an agreement to ServiceStar Hospitality to develop 14 new WoodSpring Suites hotels throughout Colorado, Arizona, and Nevada. "The WoodSpring Suites brand continues to draw strong interest from developers across the country, furthering its position as a leader both in extended stay and the economy segment overall," said Ron Burgett, vice president, extended stay hotels development, Choice Hotels. "This transaction builds on WoodSpring's record-setting 2018 growth and will accelerate the brand's presence across the western United ...
Sandpiper Lodging Trust Acquires Four WoodSpring Suites Hotels From Wills Capital Partners
Sandpiper Lodging Trust | February 14, 2019
(Richmond, Va. - February 14, 2019) – Sandpiper Lodging Trust (SLT) is pleased to announce its acquisition of four WoodSpring Suites™ Hotels from Wills Capital Partners, LP (WCP). Three of the properties are located in Texas including: Austin, San Antonio and Odessa and one in Clarksville, Tenn. Carter Rise, CEO of SLT, stated, "We have known and admired Charles Wills and his development team for nearly 10 years. His properties consistently rank among the highest performing hotels in the WoodSpring system. This acquisition expands our geographic footprint into four rapidly growing markets. We are particularly pleased that Mr...
