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World news | | | Call for Developers and Landowners to Expand Cambria Suites Brand |
21.06.2013 | |
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As part of its ongoing relationship, HVS is working with Choice Hotels International to assist in the identification, selection, and market research of 25 sites in the U.S. for development of new Cambria Suites hotels. Choice Hotels International has initiated an aggressive campaign to rapidly expand its upscale, select-service, Cambria Suites brand. Engaging HVS to apply its market intelligence and networking connections to this corporate goal, Choice aims to accelerate its national expansion of the Cambria Suites brand.
Moreover, Choice has developed a flexible range of financing incentives to assist developers and landowners in the successful development of 25 new Cambria Suites hotels nationally. Specifically, Choice is considering cash investments of up to 20% equity in various developments. Alternatively, Choice has provided financing for up to 75% of a projects development costs to certain developers who have secured prime development locations.
Developers and landowners who are interested in an initial consultation about the Cambria Suites brand should contact C.A. Anderson(301-628-4373, ca_anderson@choicehotels.com) at Choice.
Developers and landowners interested in engaging HVS for a feasibility study or a summary market study should contact Hans Detlefsen(312-526-3885, hdetlefsen@hvs.com) at HVS.
About Cambria Suites
Cambria Suites offers contemporary, upscale accommodations at affordable prices. Designed as a lifestyle hotel brand, Cambria Suites offers more than just a place to sleep at night. It features a larger lobby to give guests a more social atmosphere, all-suite rooms that are larger than standard hotel rooms and include a separate living, working and sleeping space, providing business and leisure travelers a haven to relax, socialize and network. As of March 31, 2013, there were 19 properties open across the country, representing nearly 2,200 guest suites, and 26 properties in various stages of development, representing an additional 3,700 guest suites.
About Choice Hotels International
Choice Hotels International, Inc. franchises over 6,200 hotels, representing more than 500,000 rooms, in the United States and more than 30 other countries and territories. As of March 31, 2013, 395 hotels, representing more than 30,000 rooms, were under construction, awaiting conversion or approved for development in the United States. Additionally, 81 hotels, representing approximately 7,000 rooms, were under construction, awaiting conversion or approved for development in more than 20 other countries and territories. The company's Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brands, as well as its Ascend Hotel Collection membership program, serve guests worldwide.
Additional corporate information may be found on the Choice Hotels International, Inc. website, which may be accessed at www.choicehotels.com.
About HVS
HVS is the worlds leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries. Established in 1980, the company performs 4500+ assignments each year for hotel and real estate owners, operators, and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of more than 30 offices and 450 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. Visit www.hvs.com.
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