WoodSpring Hotels has entered into an agreement with AMENA Hotels, LLC, to develop three new WoodSpring Suites Signature hotels in the greater Phoenix, Ariz.-area.
WoodSpring Hotels currently has three open properties in the Phoenix market.
AMENA Hotels is no stranger to the hospitality industry. Principals of AMENA Hotels have deep expertise in hospitality development and permanent mortgage financing. They now join the ranks of other owners in developing their first three WoodSpring Suites hotels 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.
“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, executive vice president 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.”
WoodSpring Hotels is the company behind the nation’s fastest growing value extended-stay hotel brand with over 200 hotels system-wide located in over 30 states. The company owns 90 hotels and provides management services for both company-owned and franchised locations under the WoodSpring Suites and Value Place brands.
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