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WoodSpring Suites Signs Franchise Agreement for Sacramento, California

WoodSpring Hotels, the nation's fastest growing, extended-stay hotel brand, has entered into an agreement with local hotel developer Northgate Investment Group, LLC, to develop a WoodSpring Suites in Sacramento, Calif., near the Natomas area.

Value Place
Sacramento, California, United States

Sacramento, CA. -- WoodSpring Hotels, the nation's fastest growing, extended-stay hotel brand, has entered into an agreement with local hotel developer Northgate Investment Group, LLC, to develop a WoodSpring Suites in Sacramento, Calif., near the Natomas area.

The California-based developers will build a new prototype 123-unit WoodSpring Suites in Sacramento. The projected opening date is late 2017. This franchised location will mark the brand's second prototypical build in the state of California with multiple other sites in the pipeline.

"WoodSpring is a great fit for us. Our focus is to develop, own and operate hotel assets in the greater Sacramento area," said a partner at Northgate Investment Group, LLC. "WoodSpring Hotels has a very simple, but precise, operating model that we like, and combined with WoodSpring's franchise support system and its above average NOI percentage, we felt this brand was the right choice for us."

"Northgate Investment Group is a highly engaged hotel owner and operator ready to develop the WoodSpring Suites brand in Sacramento. They are a great example of an owner/operator franchisee that will fit well into our family of franchisees, and we are excited to partner with them," said Ron Burgett, EVP of franchise development and operations for WoodSpring Hotels.

About WoodSpring Hotels

WoodSpring Hotels is the company behind the nation"s fastest growing value extended-stay hotel brand with more than 230 hotels in over 35 states. The company owns 95 hotels and provides management services for both company-owned and franchised locations under the WoodSpring Suites and Value Place brands. WoodSpring Suites are hotels for good people with practical needs, down-to-earth attitudes and a comfortable style, and who appreciate the value of life"s necessities – done really well. For more information, visit www.woodspringfranchise.com.

Media Contact

Chris Daly

For WoodSpring Hotels [email protected] (703) 435-6293

Development Development USA & Canada United States California Sacramento
Value Place
Other

WoodSpring Suites, formerly Value Place, is the nation's fastest growing value extended stay hotel brand with 196 hotels located in 32 states. The company owns 84 of the properties and provides management services for both company-owned and franchised locations. WoodSpring Suites, as well as its enhanced brand extension, WoodSpring Suites Signature, are hotels for good people with practical needs, down-to-earth attitudes and a comfortable...

WoodSpring Suites
Brand by Choice

Franchised by Choice Hotels, WoodSpring Suites hotels offer extended stay guests a welcoming environment and straightforward stay – all affordably priced. Each property is newly constructed and built to anticipate the needs of travelers looking for a longer-term stay. Properties feature all-suite rooms with fully equipped kitchens, flexible workspaces, and guest laundry facilities.