Strategic redesign provides 'welcome home' experience for guests while fueling hotel owner success in highly sought-after segment
ROCKVILLE, Md., March 16, 2022 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, today announced its Suburban Extended Stay Hotel brand is getting a new look. Rebranded as Suburban Studios, the next-generation product builds on Suburban's longtime commitment to providing travelers with simple, enjoyable accommodations, while offering growth-minded hotel owners the opportunity to reposition their property into the high-performing economy extended stay segment.
"When we added Suburban, one of the first extended stay brands on the market, to our portfolio nearly two decades ago, we did so with the intent of fulfilling an emerging need in the industry for hotel owners and longer-staying guests. Today, the travel landscape has evolved with demand for extended stay products at an all-time high, and our commitment to innovating new ways to drive value for our franchisees and guests remains," said Patrick Pacious, president and CEO, Choice Hotels. "The modernization of Suburban signals that the brand is poised for growth, and that Choice is dedicated to expanding its foothold in the extended stay segment with the best investment opportunity for franchisees and experience for guests."
In addition to its low-cost, flexible conversion model, Suburban Studios offers several benefits to help savvy developers diversify their portfolios and take advantage of growing opportunities within the highly sought-after extended stay segment, including:
"Economy extended stay has always been a developer favorite because of the category's demonstrated resiliency and returns, but the fact remains: there is a significant imbalance between demand and current market supply. So, when our development community asked for another product to capitalize on this industry white space more efficiently, we listened," said David Pepper, chief development officer, Choice Hotels. "The refreshed Suburban Studios offers an industry-first opportunity for owners to transform existing assets in transient markets into an extended stay property backed by the segment leader in Choice Hotels, while also providing exactly what guests want during longer stays."
Designed to appeal to extended stay travelers of today and tomorrow, Suburban Studios provides a "Welcome Home" experience strategically optimized for longer-term guests, including:
"Suburban Studios is all about delivering the basics in a better way – for guests and franchisees," said Anna Scozzafava, vice president and general manager, extended stay, Choice Hotels. "As longtime leaders in the extended stay segment, Choice knows what travelers want most during extended periods away from home and the next generation of Suburban delivers on precisely that with its "Longer Stays Made Easy" promise of all the comforts of home at a welcoming price point."
Choice Hotels currently has more than 70 Suburban Extended Stay properties in its portfolio, with plans to open the first Suburban Studios hotel in Chicago, Illinois later this year. In addition, more than 27 Suburban Studio hotels are in the development pipeline.
For more information on development opportunities, visit choicehotelsdevelopment.com/.
About Suburban Studios
Suburban Studios, a next generation extended stay product from Choice Hotels, offers developers access to the extended stay category through flexible conversion options. Suburban's Longer Stays Made Easy philosophy provides value-conscious, long staying guests with friendly service and clean, spacious guestrooms equipped with in-room kitchens. Guests have access to free high-speed internet, 24/7 laundry facilities and bi-weekly housekeeping. There are more than 70 Suburban Extended Stay Hotels open, with 27 Suburban Studios in the pipeline. For more information, visit choicehotelsdevelopment.com/brands/#suburban.
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With more than 7,000 hotels, representing nearly 600,000 rooms, in 35 countries and territories as of December 31, 2021, the Choice® family of hotel brands provides business and leisure travelers with a range of high-quality lodging options from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members benefits ranging from everyday rewards to exceptional experiences. For more information, visit www.choicehotels.com.
Forward-Looking Statement
This communication includes "forward-looking statements" about future events, including anticipated hotel openings. Such statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and the other "Risk Factors" described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, any of which could cause actual results to be materially different from our expectations.
Addendum
This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 1 Choice Hotels Circle, Suite 400, Rockville, MD 20850, development@choicehotels.com.
© 2022 Choice Hotels International, Inc. All Rights Reserved
SOURCE Choice Hotels International, Inc.
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