WoodSpring Suites, originally named Value Place, is an extended stay hotel brand owned by Choice Hotels.
 | |
| Formerly | Value Place |
|---|---|
| Company type | Extended Stay Hotel |
| Industry | Hotel |
| Founded | 2003 |
| Founder | Jack DeBoer |
Number of locations | 281 (June 30, 2020)[1] |
Area served | United States |
| Parent | Choice Hotels |
| Website | www |
Overview
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The hotel chain was founded as Value Place in 2003 by Jack DeBoer.[2] In April 2015, the brand changed its name from Value Place to WoodSpring Suites.[3][4]
In December 2017, Woodsprings Suites was sold to Choice Hotels for approximately $230 million. [5][6] As of June 30, 2020, there are 281 hotels with 33,797 rooms in the chain.[1]
References
edit- ^ a b "CHOICE HOTELS INTERNATIONAL, INC. Form 10-Q FOR THE QUARTERLY PERIOD ENDED June 30, 2020". U.S. Securities and Exchange Commission.
- ^ "Jack DeBoer". Kansas.com. September 2, 2015.
- ^ "Value Place Changing Name to WoodSpring Suites and Developing New Brand, WoodSpring Suites Signature". Hospitalitynet.org. 27 April 2015.
- ^ "WoodSpring Suites Celebrates the Grand Opening of Their First Namesake Hotel in Oklahoma City" (Press release). Business Wire. 18 August 2015.
- ^ "Choice Hotels to Acquire WoodSpring Suites Brand and Franchise Business". Choice Hotels International - Media Center.
- ^ "Choice Hotels Completes Acquisition Of WoodSpring Suites Brand And Franchise Business". markets.businessinsider.com. September 15, 2023.
