WoodSpring Suites is a leading economy extended-stay hotel brand, founded in 2003 by hospitality innovator Jack DeBoer in Wichita, Kansas. Originally launched as Value Place, the brand rebranded to WoodSpring Suites in 2015 to reflect its growing commitment to comfort and quality.
In 2018, it was acquired by Choice Hotels International and is now headquartered in Rockville, Maryland. The brand has grown to include over 300 locations across the United States.
WoodSpring Suites began franchising in 2004 and quickly gained momentum among investors seeking a reliable and scalable hospitality model. The brand offers affordable, apartment-style accommodations designed for longer stays. Suites include full kitchens, free Wi-Fi, and on-site laundry, appealing to traveling professionals, families, and healthcare workers alike.
What differentiates WoodSpring Suites is its efficient operating model and high occupancy rates. With lean staffing needs and long guest stays, the brand boasts gross operating profit margins above 60%, outperforming many economy competitors. It is also recognized for top-tier guest satisfaction in the extended-stay category.
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WoodSpring Suites
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WoodSpring Suites provides several training programs through its franchisor, Choice Hotels International, to ensure franchisees and their staff are well-prepared for operations. The training initiatives are as follows:
WoodSpring Suites does not provide exclusive territory protection to its franchisees by default. Each franchise is granted for a specific site, and the franchisor reserves the right to establish other franchises or company-owned hotels of the same or competing brands in nearby areas.
However, under certain conditions, such as favorable market factors or a strong history with the brand, the franchisor may grant exclusive territories or preferred regions, which are subject to termination if the franchisee defaults on agreement terms.
These exclusivity provisions are discretionary and can also apply under a Master Development Agreement, where limited rights to develop additional hotels in a protected area may be granted.
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