Wednesday, December 20, 2017

Choice Hotels expands extended-stay portfolio with WoodSpring Suites purchase

Rockville’s Choice Hotels International has reached a deal to purchase WoodSpring Suites for $231 million. The transaction will add roughly 240 hotels in 35 states to Choice’s extended-stay portfolio, which already includes brands MainStay Suites and Suburban Extended Stay. WoodSpring Suites’ parent company, which is based in Wichita, Kansas, also operates the Value Place chain of hotels, although that brand is not part of the Choice acquisition. Choice President and CEO Patrick Pacious, who…



from https://www.bizjournals.com/baltimore/news/2017/12/20/choice-hotels-expands-extended-stay-portfolio-with.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/168750241082

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