WoodSpring Hotels said Monday it is on track to open 21 new hotels in 2017, and another 45 in 2018.
The 21 additional properties would bring its total to 235 extended-stay hotels nationwide. WoodSpring is the new name of the former Value Place chain launched by Wichita entrepreneur Jack DeBoer.
“As strong as 2017 has been, 2018 looks even more promising,” said Gary DeLapp, WoodSpring president and CEO, in a news release. “We expect to grow our portfolio by approximately 25 percent in the coming year, a testament to the brand’s durability through all phases of the economic cycle.”
Of the 21 new hotels it is opening this year, 14 are franchised and the remaining seven are owned by the company. The new hotels are opening in Georgia, Florida, Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, Tennessee, Texas and Washington.