WoodSpring Suites explained

WoodSpring Suites
Type:	Extended Stay Hotel
Parent:	Choice Hotels
Founder:	Jack DeBoer
Former Name:	Value Place
Industry:	Hotel
Area Served:	United States
Locations:	281 (June 30, 2020)^[1]

WoodSpring Suites, originally named Value Place, is an extended stay hotel brand owned by Choice Hotels.

Overview

The hotel chain was founded as Value Place in 2003 by Jack DeBoer.^[2] In April 2015, the brand changed its name from Value Place to WoodSpring Suites.^{[3] [4]}

In December 2017, Woodsprings Suites was sold to Choice Hotels for approximately $230 million. ^{[5] [6]} As of June 30, 2020, there are 281 hotels with 33,797 rooms in the chain.^[1]

Notes and References

1. Web site: CHOICE HOTELS INTERNATIONAL, INC. Form 10-Q FOR THE QUARTERLY PERIOD ENDED June 30, 2020 . U.S. Securities and Exchange Commission.
2. Web site: Jack DeBoer . Kansas.com . September 2, 2015.
3. News: Value Place Changing Name to WoodSpring Suites and Developing New Brand, WoodSpring Suites Signature . Hospitalitynet.org . 27 April 2015.
4. WoodSpring Suites Celebrates the Grand Opening of Their First Namesake Hotel in Oklahoma City . . 18 August 2015.
5. Web site: Choice Hotels to Acquire WoodSpring Suites Brand and Franchise Business. Choice Hotels International - Media Center.
6. Web site: Choice Hotels Completes Acquisition Of WoodSpring Suites Brand And Franchise Business. September 15, 2023. markets.businessinsider.com.