ROCKVILLE, Md., Dec. 18, 2017 /PRNewswire/ -- Choice Hotels International NYSE: CHH, one of the world's largest hotel companies, today announced that it has reached a definitive agreement to acquire the brand and franchise business of WoodSpring Suites SM from WoodSpring Hotels Holdings LLC, a portfolio company of Lindsay Goldberg, for approximately $231 million, subject to customary. Summary EXECUTIVE •Choice Hotels International has closed the acquisition of the WoodSpring Suites franchising business −Asset-light acquisition that complements Choice’s existing portfolio of brands −Expands Choice’s extended stay portfolio to more than 350 hotels.
Choice Hotels Completes Acquisition Of WoodSpring Suites Brand And Franchise Business News provided by Choice Hotels International, Inc. Feb 01, 2018, 04:26 ET. Choice Hotels to Acquire WoodSpring Suites Brand and Franchise Business Acquisition Strengthens Company's Leadership in Growing Extended-Stay Segment. ROCKVILLE, Md.—Choice Hotels International today announced that it has reached a definitive agreement to acquire the brand and franchise business of WoodSpring Suites from WoodSpring Hotels Holdings LLC, a portfolio company of Lindsay Goldberg, for approximately $231 million, subject to customary adjustments.
Choice Hotels acquired the WoodSpring Suites brand, including franchise operations, marketing and development, for $231 million, subject to customary closing adjustments. The acquisition was funded with a combination of cash. 2019/12/04 · Choice Hotels International, Inc. CHH is leaving no stone unturned to expand its global footprint through franchise agreements. Of late, the company announced the opening of WoodSpring Suites. "Choice Hotels and WoodSpring Suites share the same values and dedication to customer service and franchisees," said Gary A. DeLapp, WoodSpring president and CEO. "We are thrilled that our brand will join the powerful value. WoodSpring Suites is the nation's fastest-growing economy extended-stay hotel brand. Franchised by Choice Hotels, these properties typically feature 122 all-suite rooms and are purpose-built for. Franchised by Choice Hotels, WoodSpring Suites is the nation's fastest-growing economy extended stay hotel brand. Each property is newly-constructed and built to anticipate the needs of travelers.
ROCKVILLE, MD—Choice Hotels International has reached a definitive agreement to acquire the brand and franchise business of WoodSpring Suites from WoodSpring Hotels Holdings LLC, a portfolio. WoodSpring Suites Pecos opening marks Choice Hotels franchisee’s continued westward expansion in the Lone Star State. WoodSpring Suites, franchised by Choice Hotels International, Inc, along with developer Summit 11 Investment Group, announce the opening of the brand’s 50th hotel in Texas, underscoring the brand’s continued growth across the U.S. ROCKVILLE, MD—Choice Hotels International Inc. completed its $231-million acquisition of the brand and franchise business of WoodSpring Suites, an extended-stay lodging brand, from WoodSpring.
2018/02/02 · Choice Hotels International Inc. has completed its acquisition of the WoodSpring Suites brand, according to a news release. The release, issued. WoodSpring Hotels is the parent company of WoodSpring Suites. The company was created in a transition from Value Place in April 2015 and opened the first WoodSpring Suites in July 2015 As of March 31, 2019, it has 256 hotels with 30,766 rooms. The hotel chain was founded in 2003 by Jack DeBoer, and once operated as Value Place. In.
ROCKVILLE, Md., Feb. 10, 2020 /PRNewswire/ -- WoodSpring Suites, an extended stay hotel franchised by Choice Hotels International, Inc. NYSE: CHH, continues to capitalize on development opportunities in the Western U.S. with two new hotel openings in California: the WoodSpring Suites Riverside-Corona-Norco and the WoodSpring Suites Redlands San Bernardino. About WoodSpring Suites ® WoodSpring Suites hotels offer extended-stay guests a welcoming environment and straightforward stay – all affordably priced. Franchised by Choice Hotels, WoodSpring Suites is the nation’s fastest. Ascend Hotel Collection Cambria Hotels Comfort Sleep Inn Quality Inn Clarion MainStay Suites WoodSpring Suites Suburban Extended Stay Hotel Econo Lodge Rodeway Inn Choice Hotels International, Inc. is a hospitality franchisor based in Rockville, Maryland, United States., United States. Choice Hotels awarded 75 new WoodSpring Suites franchise agreements in 2018 and opened 14 hotels in top markets across the U.S., including Chicago, Seattle, Atlanta, Detroit and Charlotte, N.C.
Now $59 Was $ 6 5 on Tripadvisor: WoodSpring Suites Houston Baytown, Baytown. See 108 traveler reviews, 42 candid photos, and great deals for WoodSpring Suites Houston Baytown, ranked 7 of 29 hotels in Baytown and rated 4. Choice Hotels International has reached a definitive agreement to acquire the brand and franchise business of WoodSpring Suites from WoodSpring Hotels Holdings LLC, a. "Choice Hotels and WoodSpring Suites share the same values and dedication to customer service and franchisees," Gary A. DeLapp, president and CEO of WoodSpring, said in a statement. "We are thrilled that our brand will join.
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