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| PRESENTER Rob Burgett Vice President of WoodSpring Development Choice Hotels International |
MODERATOR David Bodamer Executive Director of Content and User Engagement National Real Estate Investor |
The extended stay category is attractive to investors because the higher occupancy (driven by longer length of stay) paired with lower operating expenses yield opportunity for higher profit.
The WoodSpring Suites brand has a prototype and operating model that is proven to drive strong profit potential—these hotels make money because:
- Prototype is built quickly, and is cost-effective to build and maintain
- Labor model yields operational efficiencies
- Drives a GOP that few (if any) other brands can claim
Even for developers without hospitality experience, WoodSpring, with the backing of Choice Hotels, delivers the resources that help them be successful: operational support; purchasing support; sales support, etc.
As a result, the brand is an investment opportunity attracting institutional capital and growing quickly with developers across the country.
*CFP, CIMA®, CPWA®, and AEP® CE Credits have been applied for and are pending approval.
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