Selection Lodges Worldwide, Inc. (NYSE: CHH) celebrates a pivotal second in its development journey with the opening of its five hundredth prolonged keep property, an Everhome Suites in Glendale, Arizona. This achievement underscores Selection’s speedy enlargement and management within the financial system and midscale prolonged keep market, powered by a playbook that helps drive income and lowers complete price of possession with strategic new builds and focused conversions that meet the rising demand for lodging of seven+ nights. Throughout the hospitality business, Selection has the fastest-growing financial system prolonged keep portfolio and leads within the financial system new development class, in accordance with August 2024 STR Pipeline Knowledge. As of the top of Q2 2024, Selection had over 350 accommodations within the pipeline throughout 4 prolonged keep manufacturers: Everhome Suites, WoodSpring Suites, Suburban Studios, and MainStay Suites.
Concentrating on Excessive-Demand Markets to Gas Prolonged Keep Development
Its 500th property, the newly opened Everhome Suites in Glendale, Arizona, marks the model’s entry into one of many Southwest’s high-growth areas. Positioned alongside the New River with scenic views and a riverwalk, the lodge is close to Luke Air Power Base, Arizona State College West Valley Campus, State Farm Stadium, Desert Diamond On line casino, St. Joseph’s Westgate Medical Middle, and extra. The property will serve the realm’s booming infrastructure initiatives and industries, offering much-needed longer-term lodging choices. Selection’s prolonged keep properties present important lodging for a fast-growing demographic of employees on momentary assignments together with infrastructure initiatives and different long-term stays that stimulate the financial system.
With the addition of Glendale, Selection has six Everhome Suites open throughout the nation and over 65 within the pipeline together with over 20 underneath development, with greater than 15 anticipated to open throughout the subsequent 12 months. WoodSpring Suites is on observe for an additional document opening yr with a forecast of 25 openings by year-end. The corporate additionally opened 13 MainStay Suites and Suburban Studios between January 1 and September 2024 in the important thing markets of Las Vegas; Moreno Valley, California; Orlando and Tampa, Florida.
“Our devoted workforce of specialists know the place there may be unfulfilled demand within the class and supply best-in-class help for our franchisees from website choice to opening and day after day operations,” stated Matt McElhare, vp and phase lead for prolonged keep manufacturers, Selection Lodges Worldwide. “We’re extraordinarily proud to be leaders in one of many quickest rising segments in hospitality and stay up for opening our subsequent 500 prolonged keep accommodations.”
Prolonged keep demand continues to exceed provide, and with its Selection Maps platform that analyzes proprietary knowledge by way of AI and best-in-class knowledge science instruments, the corporate might help guarantee its properties safe the perfect websites within the markets with the very best demand.
Leveraging Proprietor/Operator Expertise to Drive Extra Worth By way of Innovation
A cornerstone of Selection Lodges’ success is its shut collaboration with builders. The event of its largest model, WoodSpring Suites, set the blueprint for the corporate’s prolonged keep portfolio, which features a lean staffing mannequin and optimized operational effectivity to assist house owners maximize gross working revenue (GOP). WoodSpring Suites is likely one of the best-performing manufacturers within the prolonged keep business – named the #1 financial system prolonged keep model by J.D. Energy in 2024, 2023, and 2022 – with an astounding common GOP of 55.5% in 2023*. By refining its prolonged keep manufacturers with steady suggestions from its proprietor and operators, the corporate has created a mannequin designed for speedy conversions in as little as 3 to 4 months for its MainStay Suites and Suburban Studios manufacturers through proprietary improvements like Kitchen and Foyer in a Field and environment friendly new construct prototypes with Everhome Suites and WoodSpring Suites.
“This milestone is only the start of our development. We work hand-in-hand with our developer community to design the absolute best product for the prolonged keep market and there isn’t any stopping Selection,” stated Ron Burgett, senior vp, prolonged keep improvement at Selection Lodges. “By way of worth engineering, we have created a mannequin that helps cut back development prices and operational complexity, resulting in quicker conversions and improvement of recent accommodations.”
Everhome Suites Glendale Sports activities Leisure District
Everhome Suites Glendale has 122 rooms and was developed in collaboration with the Highside Firms and is managed by Superhost Hospitality. Everhome Suites provides the comforts of house together with many different handy facilities, together with:
- Totally outfitted kitchens with full-sized home equipment in each room
- Spa-style bogs and enormous closets
- 24/7 visitor laundry amenities; Choose premium suites with in-room washers and dryers
- Pet-friendly choices, complimentary Wi-Fi, weekly housekeeping, and health middle with Peloton bikes
- Communal outside areas that includes BBQ grills, firepits, and inexperienced areas; swimming pools at choose areas
- Domestically impressed touches together with art work, meals and beverage choices within the Homebase Market, and a signature mural on the essential entrance
Everhome Suites Glendale Sports activities Leisure District
9775 W Northern Ave
Glendale, AZ 85305
United States
+1 623-233-0180