Promoting itself as “Extended Stay Reinvented,” WoodSpring Suites has grown its portfolio to 209 properties since 2002. The Wichita, Kan.-based economy brands differ from most extended-stay competitors in its pricing model in that it charges a flat weekly rate, regardless of length of stay, whereas competitors use a tiered pricing structure, where the daily rate declines at certain markers. WoodSpring Suites also offers an enhanced brand extension, WoodSpring Suites Signature, designed to appeal to less price-sensitive guests. Recently, the company has opened Signature properties in Las Colinas, Texas, and Clearwater, Fla.
• Cost per key | WoodSpring Suites: $45,112-$63,303; Value Place: $42,169-$54,111
• Ownership Split | 89 (11,031 rooms) corporate-owned and 120 (14,868 rooms) franchised
• Length of Contract | 20 years
• Contact | Sarah Howell, 866-645-FRAN, email@example.com