Alternative Inns’ Prolonged Keep Portfolio Progresses Westward Growth
WoodSpring Suites groundbreaking in Southern California underscores rising nationwide demand
ROCKVILLE, Md., Dec. 14, 2022 /PRNewswire/ — WoodSpring Suites–the business’s largest economic system prolonged keep model from Alternative Inns Worldwide, Inc. (NYSE:CHH)–continues its profitable nationwide growth with the groundbreaking of the WoodSpring Suites Corona. Located simply an hour south of Los Angles and anticipated to open in late 2023, the 122-room lodge marks the most recent addition to Alternative’s rising lineup of prolonged keep properties throughout California, becoming a member of the inaugural Everhome Suites Corona, in addition to the most important MainStay Suites lodge, just lately opened in higher Los Angeles.
Representatives from Alternative Inns and developer Gold Coast Premier Properties attended a proper groundbreaking ceremony to commemorate the event milestone and specific their pleasure for the brand new lodge and rising WoodSpring Suites model.
“Whereas our profitable stewardship of WoodSpring Suites reinvigorated developer curiosity within the prolonged keep section, our lean working model–designed to assist house owners maximize returns in virtually any financial environment–coupled with our confirmed means to innovate new prolonged keep merchandise and options is why Alternative stays an business chief,” mentioned Anna Scozzafava, vp and normal supervisor, prolonged keep, Alternative Inns. “Gold Coast has been an important a part of Alternative’s prolonged keep success story from the very begin, serving to to take the WoodSpring Suites model to new heights and new markets over the previous three years. We couldn’t be prouder to embark on one more progress chapter with franchisees who share our imaginative and prescient for the model and dedication to go well with friends’ wants and life with snug and reasonably priced lodging.”
Situated at 2370 Tuscany Road, the brand new WoodSpring Suites in Corona is a brief drive from prime space employers together with 3M, Kaiser Permanente, Keller Williams, Merrick Engineering, Monster Beverage and US Meals. Like all WoodSpring Suites lodges, the property can be purpose-built for the distinctive wants of prolonged keep vacationers and can provide the next options:
- Three suite layouts—all of that are 100-percent smoke free, pet pleasant, and geared up with an in-room kitchen that includes a full-size fridge, microwave, and stovetop.
- Expanded foyer with a espresso station.
- Free Wi-Fi and visitor parking.
- 24-hour health middle.
- Visitor laundry room.
“Builders are realizing now could be the time to put money into prolonged keep, and from actual property assist and model prototype design to ongoing operational steering, Alternative Inns delivers worth and efficiency friends and house owners can depend on,” mentioned Raul Garcia, CEO of Gold Coast Premier Properties. “The WoodSpring workforce has been an unimaginable collaborator as we have quickly scaled our prolonged keep portfolio over the previous few years, and we stay up for bringing the model’s reasonably priced, smartly-designed lodging to Southern California and past.”
The WoodSpring Suites Corona is considered one of a number of WoodSpring properties developed by Gold Coast Premier Properties. Along with 9 lodges open in Florida and South Carolina, the Florida-based improvement agency has three WoodSpring Suites below lively development and agreements to carry 4 further lodges to market in California, Connecticut, North Carolina, and Rhode Island. Underscoring its ongoing westward growth efforts, Alternative Inns additionally finalized an settlement earlier this 12 months with ServiceStar Capital to construct greater than 50 WoodSpring Suites and practically two dozen Everhome Suites lodges in Colorado, Arizona, Utah, and Nevada, and unveiled plans in August to develop six further MainStay Suites all through California.
“Demand for prolonged keep has by no means been higher–and with Alternative’s newly refreshed Suburban Studios and WoodSpring Suites in economic system prolonged keep to MainStay Suites and Everhome Suites within the midscale enviornment, there isn’t a scarcity of alternative on this highly-desired section,” mentioned Ron Burgett, senior vp, franchise improvement, prolonged keep, Alternative Inns. “Our ongoing collaboration with most of the nation’s prime prolonged keep buyers is a testomony to our report serving to growth-minded house owners speed up their prolonged keep improvement objectives, and a preview of the super progress nonetheless to come back.”
For extra details about Alternative’s prolonged keep improvement alternatives, go to www.choicehotelsdevelopment.com.
About WoodSpring Suites®
WoodSpring Suites lodges provide prolonged keep friends a welcoming atmosphere and easy keep – all affordably priced. Franchised by Alternative Inns, WoodSpring Suites is the nation’s fastest-growing economic system prolonged keep lodge model. Every property is newly constructed and constructed to anticipate the wants of vacationers on the lookout for a longer-term keep. Properties function all-suite rooms with absolutely geared up kitchens, versatile workspaces, and visitor laundry amenities. There are greater than 200 WoodSpring Suites lodges open in 32 states and 205 lodges within the pipeline throughout the U.S. as of September 30, 2022. For extra data, go to www.woodspring.com/ourbrand.
About Alternative Inns®
Alternative Inns Worldwide, Inc. (NYSE: CHH) is without doubt one of the largest lodging franchisors on the planet. Alternative Inns has greater than 7,500 lodges, and practically 630,000 rooms, in 46 nations and territories as of September 30, 2022. The Alternative® household of lodge manufacturers present enterprise and leisure vacationers with a broad vary of high-quality lodging choices from restricted service to full-service lodges within the higher upscale, higher mid-scale, midscale, extended-stay and economic system segments. The award-winning Alternative Privileges® loyalty program affords members a sooner solution to rewards, with customized advantages beginning on day one. For extra data, go to www.choicehotels.com.
This communication contains “forward-looking statements” about future occasions, together with anticipated improvement and lodge openings. Such statements are topic to quite a few dangers and uncertainties, together with development delays, availability and price of financing and the opposite “Danger Components” described in our Annual Report on Type 10-Okay and our Quarterly Experiences on Type 10-Q, any of which might trigger precise outcomes to be materially totally different from our expectations.
This isn’t an providing. No provide or sale of a franchise shall be made besides by a Franchise Disclosure Doc first filed and registered with relevant state authorities. A duplicate of the Franchise Disclosure Doc will be obtained by contacting Alternative Inns Worldwide at 1 Alternative Inns Circle, Suite 400, Rockville, MD 20850, [email protected].
© 2022 Alternative Inns Worldwide, Inc. All rights reserved.
SOURCE Alternative Inns Worldwide, Inc.
WoodSpring Suites groundbreaking in Southern California underscores rising nationwide demand ROCKVILLE, Md., Dec. 14, 2022 /PRNewswire/ — WoodSpring Suites–the business’s largest economic system prolonged keep model from Alternative Inns Worldwide, Inc. (NYSE:CHH)–continues its profitable nationwide growth with the groundbreaking of the WoodSpring Suites Corona. Located simply an hour south of Los Angles and anticipated to…
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