MIAMI—WoodSpring Hotels has partnered with Gold Coast Premier Properties to develop four, ground-up hotels in South Florida. It has also entered into an agreement with AMENA Hotels, LLC, to develop three new WoodSpring Suites Signature hotels in the greater Phoenix area.
Gold Coast has signed on to build the brand’s recently launched prototype in Naples, Miramar, Tamarac and West Palm Beach. These new locations are in addition to Gold Coast’s previously announced locations in Doral and Richmond Heights, which currently are under construction.
“Florida has been an exceptionally strong and active market for our company-owned assets,” said Ron Burgett, EVP of Franchise Development and Operations. “Its demographics, growth and tourism make it one of the strongest extended-stay markets in America. We look forward to expanding our franchisee partnership in Florida with Gold Coast.”
WoodSpring Hotels currently has three open properties in the Phoenix market.
AMENA Hotels see the WoodSpring Suites Signature prototype working well in the Phoenix market, and they currently are sourcing sites in Southern California for additional properties to add to their portfolio, according to the company.
“WoodSpring is a great fit for AMENA. Our focus has been in lending throughout the United States within the hospitality industry,” said Sanat Patel, president at AMENA Hotels. “WoodSpring Hotels has a specific operating model that attracted us. With a stronger expected return on investment than more traditional nightly stay hotels, coupled with our ability to fill in the Phoenix area and explore new areas in Southern California, we felt WoodSpring Hotels would be the right partner.”
“When our executive team first met the AMENA Hotels partners at our annual conference, we knew they would be strong partners with the financial expertise and vision to expand our brand in the West,” said Ron Burgett, EVP of franchise development & operations at WoodSpring Hotels. “With its ability to locate and acquire strong locations in Phoenix and Southern California, the AMENA Hotels team is the perfect group to help us grow our brand throughout the Western United States.”