Choice Hotels awards MainStay Suites franchise agreements to its largest private extended-stay franchisee
Rockville, Md. – Choice Hotels International, Inc. (NYSE:CHH) has awarded two MainStay Suites franchise agreements to longtime Choice franchisee and multi-unit developer Gulf Coast Hotel Management, Inc. Latest signings add to growing portfolio of properties Gulf Coasts extended stay franchise, which now totals 39 hotels and is the largest private extended stay franchisee in the Choice system.
The two recently converted hotels are located in Wichita, KS and Overland Park, KS, furthering the brand’s foothold in the midscale extended stay segment.
“Across the country, there is far more demand for extended stay properties than there is supply, which is why we’ve seen such an increase in franchisees focusing on the segment” , said Ron Burgett, senior vice president, franchise development, extended stays, Choice Hotels. “Sophisticated owners and investors such as Gulf Coast Hotel Management were ahead of the curve in recognizing this value and were strategically positioned to maximize the return on investment potential of their MainStay and WoodSpring Suites hotels throughout the pandemic. We look forward to helping them. take their resilient portfolio to the next level in the years to come.”
Choice Hotels has operated in the extended stay segment since its inception when it added the Suburban Extended Stay brand nearly two decades ago. Today, Choice offers the newly renovated Suburban Studios and WoodSpring Suites brands for budget extended stays and MainStay and Everhome suites for midrange extended stays. Segment leader Choice has enhanced the extended stay operating model to help maximize developer ROI and offers best-in-class design, industry-leading personalized support and dedicated sales training.
These new MainStay Suites hotels, specially designed for long-term guests, offer spacious apartment-style suites with fully equipped kitchens and hotel amenities such as fitness rooms, on-site markets and guest laundry facilities. .
“Across the industry, Choice has a reputation for building brands that resonate strongly with guests while delivering exceptional results for owners, and their strong extended stay portfolio is no exception. Each of the stay brands company’s extended range is cycle-resistant and purpose-built to meet the changing needs of today’s and tomorrow’s travellers, making it a wise investment,” said Ian McClure, CEO of Gulf Coast Hotel Management, Inc. “That’s why we were among the first to sign multi-pack development deals for the company’s MainStay and WoodSpring brands two years ago, and why we’re proud to strengthen our relationship with those deals today. further development.”
For more information about Choice’s extended stay development opportunities, visit choicehotelsdevelopment.com.
About Gulf Coast Hotel Management, Inc.
Gulf Coast Hotel Management, Inc. operates 40 hotels in 13 states and is dedicated to the professional and high standard of hotel operations to provide superior service and accommodations to our customers, personal and professional growth and a place positive work for our associates and a solid financial situation. performance and return on investment for the property. Our operations team of dedicated professionals brings decades of relevant experience and expertise and a track record of success in all areas of hotel operations. For more information visit www.gulfcoasthm.com
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the world’s largest lodging franchisors. With more than 7,000 hotels, representing nearly 600,000 rooms, in 35 countries and territories as of December 31, 2021, the Choice® family of hotel brands offers business and leisure travelers a range of high-quality accommodation options. quality ranging from limited service to full service. service hotels in the upscale, midscale, extended stay and economy segments. The award-winning Choice Privileges® loyalty program offers members benefits ranging from daily rewards to exceptional experiences. For more information, visit www.choicehotels.com.
© 2022 Choice Hotels International, Inc. All rights reserved.
SOURCE Choice Hotels International, Inc.
This communication includes “forward-looking statements” about future events, including planned hotel openings. These statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and other “Risk factors” described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, each of which may cause actual results to differ materially from our expectations.
This is not an offering. No offer or sale of a franchise will be made except by a franchise disclosure document filed and registered with the appropriate state authorities. A copy of the Franchise Disclosure Document may be obtained by contacting Choice Hotels International at 1 Choice Hotels Circle, Suite 400, Rockville, MD 20850, [email protected].
© 2022 Choice Hotels International, Inc. All rights reserved