PARSIPPANY, NJ Wingate Inns International unveiled a 64-room prototype aimed at accommodating smaller land parcels. The new prototype will contain all of Wingate s signature items.
“Weve been approached by numerous developers who want to build Wingate Inn hotels in strong primary markets, but availability of large pieces of land in these strategic locations is limited and not large enough to fit our 80-room minimum,” explained Keith Pierce, president/CEO of Wingate Inns International.
Wingate executives said that the 64-room prototype would give the brand the opportunity to penetrate a variety of markets and strategic locations. It also allows potential developers to take advantage of much lower equity requirements through Small Business Administration (SBA) opportunities,” said Pierce. Combined with the existing 100-room prototype, the new model will enhance Wingates ability to expand both in the U.S. and overseas. (3/8/01)