WoodSpring Suites forms U.S. hotel development JV with Noble Investment Group

Choice Hotels International has signed an agreement with Noble Investment Group to develop nine WoodSpring Suites hotels in Georgia and South Carolina during the next two years, signaling increased institutional interest in the largest economy extended-stay brand in the market.

"When we acquired WoodSpring Suites four years ago, few other hotel brands were competing in the extended-stay segment in a meaningful way. Choice Hotels not only breathed new life into this category — innovating new ways to deliver exceptional value to extended stay developers and longer-term guests — but successfully demonstrated our ability to take the industry's largest economy extended-stay brand to even greater heights," said David Pepper, chief development officer, Choice Hotels. "Our continued work with institutional investors like Noble is a key component of this success. We look forward to bringing our best-in-class extended-stay offerings to more and more markets nationwide, so travelers