Choice Hotels International, Inc. (NYSE: CHH) celebrates a key moment in its growth journey with the opening of its 500th extended-stay property, EverHome Suites, in Glendale, Arizona. This track record is driven by Choice’s economic and medium-term long-term strategy, driven by a strategy to drive revenue and reduce total cost of ownership through strategic new construction and targeted conversions to meet growing demand for stays of seven nights or more. This confirms its rapid expansion and leadership in the stay market. According to August 2024 STR Pipeline data, Choice has the fastest growing Economy Extended Stay portfolio across the hospitality industry and leads the Economy New Construction category. As of the end of Q2 2024, Choice has more than 350 hotels in development across four extended stay brands: Everhome Suites, WoodSpring Suites, Suburban Studios and MainStay Suites.
“Reaching 500 open extended-stay properties is a testament to our strategic focus on this high-growth category, a proven extended-stay hotel operating model, and a tried-and-true brand prototype, all of which make “Choice’s expertise is the best in the industry,” said Patrick Pashas. , President and CEO of Choice Hotels International. “As we continue to grow, we are committed to working with developers to deliver high-quality, cost-effective accommodations that deliver a superior extended-stay guest experience and unparalleled financial returns. I’m here.”
Driving long-term stay growth by targeting high-demand markets
The newly opened Everhome Suites in Glendale, Ariz., its 500th property, marks the brand’s entry into one of the Southwest’s high-growth regions. Located along the New River with beautiful views and a riverfront boardwalk, the hotel is near Luke Air Force Base, Arizona State University’s West Valley Campus, State Farm Stadium, Desert Diamond Casino, and Westgate Medical Center in St. Joseph. This property will serve the region’s burgeoning infrastructure projects and industries and provide much-needed long-term accommodation options. Choice’s long-term accommodation facilities provide essential accommodation for a burgeoning workforce in temporary assignments, including infrastructure projects and other long-term stays that stimulate the economy.
With the addition of Glendale, Choice has opened six Everhome Suites nationwide, has more than 65 Everhome Suites in development, including more than 20 under construction, and expects to add 15 more suites within the next 12 months. It is scheduled to open. WoodSpring Suites is on track for another record opening year with 25 expected to open by the end of the year. The company also opened 13 Mainstay Suites and Suburban Studios in major Las Vegas markets between January 1, 2024 and September 2024. Moreno Valley, California. Orlando and Tampa, Florida.
“Our dedicated team of experts understands where there is unmet demand in this category and provides best-in-class support to our franchisees from site selection to opening and day-to-day operations. ” said Matt McElhair, Vice President and Head of Extended Stay Segment. brand, Choice Hotels International. “We are extremely proud to be a leader in the fastest growing segment of hospitality and look forward to opening our next 500 extended stay hotels.”
Demand for extended stays continues to outstrip supply, and the Choice Maps platform, which analyzes proprietary data through AI and best-in-class data science tools, helps the company ensure its properties are optimally located in the markets with the highest demand. We will help you secure it.
Leverage owner/operator experience to drive more value through innovation
The basis of Choice Hotels’ success is our close collaboration with developers. The development of its largest brand, WoodSpring Suites, is a blueprint for the company’s extended stay portfolio, including a lean staffing model and optimized operational efficiency to help owners maximize gross operating profit (GOP). has been set. WoodSpring Suites is one of the top-performing brands in the extended stay industry, named the #1 Economy Extended Stay Brand by JD Power in 2024, 2023, and 2022, with an average Republican rating of We achieved a staggering 55.5%*. By refining its extended stay brand with continuous feedback from owners and operators, the company quickly expanded its Mainstay Suites and Suburban Studio brands in just three to four months with unique innovations such as kitchens and lobbies. We have created a model that is designed to be convertible. Create boxes and efficiently create new build prototypes with Everhome Suites and WoodSpring Suites.
“This milestone is just the beginning of our growth. There’s no stopping Choice as we work with our developer network to design the best possible products for the extended stay market.” said Ron Burgett, Choice Hotels’ senior vice president of extended stay development. “Through value engineering, we have created a model that reduces construction costs and operational complexity, leading to faster conversion and development of new hotels.”
Everhome Suites Glendale Sports Entertainment District
The 122-room EverHome Suites Glendale was developed in conjunction with The Highside Companies and managed by Superhost Hospitality. In addition to the comforts of home, Everhome Suites offers many convenient amenities, including:
Fully equipped kitchens with full size appliances in all rooms Spa style bathrooms and large closets 24/7 guest laundry facilities. Select Premium Suites with in-room washer and dryer Pet-friendly options, free Wi-Fi, weekly housekeeping, Fitness center with Peloton bikes Common outdoor area with BBQ grill, fireplace, and green space. Pool installations at specific locations Locally inspired touches such as artwork at Homebase Market, food and beverage offerings, and a distinctive mural on the front entrance
*
See Item 19 of the 2024 Franchise Disclosure Document. Of the 161 WoodSpring hotels in the performance sample, 93 WoodSpring hotels, or 58%, met or exceeded this 55.5% GOP.
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the world’s largest lodging franchisors. Choice®, a luxury challenger and leader in midscale and extended stays, has approximately 7,500 hotels with more than 630,000 rooms in 45 countries and territories. With a diverse portfolio of 22 brands ranging from full-service luxury hotels to midscale, extended stay, and economy hotels, Choice® is able to meet the needs of travelers in more locations and occasions, while providing more options for franchise owners and shareholders. Bring more value. Our award-winning Choice Privileges® benefits program and co-branded credit card options offer members a quick and easy way to earn reward nights and personalized benefits. For more information, please visit www.choicehotels.com.
