WoodSpring Suites

Last updated
WoodSpring Suites
FormerlyValue Place
Company type Extended Stay Hotel
Industry Hotel
Founded2003;22 years ago (2003)
FounderJack DeBoer
Number of locations
281 (June 30, 2020) [1]
Area served
United States
Parent Choice Hotels
Website www.woodspring.com

WoodSpring Suites, originally named Value Place, is an extended stay hotel brand owned by Choice Hotels.

Contents

Overview

WoodSpring Suites in Davenport Woodspring Suites - Davenport, Iowa.jpg
WoodSpring Suites in Davenport

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

  1. 1 2 "CHOICE HOTELS INTERNATIONAL, INC. Form 10-Q FOR THE QUARTERLY PERIOD ENDED June 30, 2020". U.S. Securities and Exchange Commission.
  2. ↑ "Jack DeBoer". Kansas.com. September 2, 2015.
  3. ↑ "Value Place Changing Name to WoodSpring Suites and Developing New Brand, WoodSpring Suites Signature". Hospitalitynet.org. 27 April 2015.
  4. ↑ "WoodSpring Suites Celebrates the Grand Opening of Their First Namesake Hotel in Oklahoma City" (Press release). Business Wire. 18 August 2015.
  5. ↑ "Choice Hotels to Acquire WoodSpring Suites Brand and Franchise Business". Choice Hotels International - Media Center.
  6. ↑ "Choice Hotels Completes Acquisition Of WoodSpring Suites Brand And Franchise Business". markets.businessinsider.com. September 15, 2023.
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