WoodSpring Hotels, a fast-growing extended-stay hotel business, and Gold Coast Premier Properties LLC, recently announced the groundbreaking of the WoodSpring Suites hotel that is scheduled to open in the third quarter of 2016 near Zoo Miami.
“It has been a great experience working with WoodSpring Hotels,” Gold Coast President Raul Garcia said. “They are a strong competitor in the extended stay segment, and we’re excited to capitalize on their unique operating model that focuses on the bottom line and in turn offers strong returns.”
As the first of two planned WoodSpring Suites hotels under development, the facility will be built on Coral Reef Drive parallel to the Florida Turnpike will offer 124 rooms, laundry facilities, modified kitchens and high-speed internet. The second location, which will be built in the Doral sub-market of Miami, is slated to be a WoodSpring Suites Signature hotel.
“WoodSpring Suites is unique in terms of our operating model and the fact that the majority of our company’s revenues are derived from hotel operations and not franchise fees,” Ron Burgett, executive vice president of franchise development at WoodSpring Hotels, said. “Because we own and operate over 80 hotels, we place an extraordinary emphasis on profitability and minimizing costs at our hotels. Our focus on getting revenue to the bottom line is one of the factors that allow us to attract high caliber franchisees like Gold Coast.”
With close to 200 system-wide hotels across 30 states, WoodSpring Hotels is the company behind the nation’s fastest growing value extended-stay hotel brand. WoodSpring Suites, along with its enhanced brand extension, WoodSpring Suites Signature, provides hotels for people with practical needs, down-to-earth attitudes and a comfortable style.
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