WoodSpring Suites Plans New Franchised Location in the Detroit MSA

Detroit, Mich., August 22, 2016 – WoodSpring Hotels, the nation’s fast growing extended stay hotel brand has partnered with M2B2, LLC to build a new prototype WoodSpring Suites hotel in Wixom, Michigan. The property will be located between Grand River Avenue and Highway 96 near South Wixom Avenue. This new franchised location is the first of three that M2B2 plans to build in the region.

“When we first approached WoodSpring Hotels to explore building hotels in the Michigan area our intention was to build Value Place hotels. Our diverse development group with strong experience in property development were very impressed with the operational efficiencies and very healthy NOI of the brand. It was during our site location process that WoodSpring Hotels announced the new WoodSpring Suites prototype. After seeing what WoodSpring had planned and learning about how much research and effort they put into their new strategy we could not be more excited about the company’s new direction and what we think might be the best opportunity in the lodging industry,” said Mike Huszti, Managing Partner of M2B2. “The support we have received from WoodSpring Hotels throughout the process has been exceptional and we have seen firsthand the way the company treats and values its franchisee partners”.

The projected opening date for the hotel is Q4 of 2018. Once completed, the new four-story, 122-room hotel will feature many guest amenities, such as in-room kitchens, free high-speed internet, guest laundry and the 99-point cleaning process that the WoodSpring Suites brand provides to every guest.

“It’s always important for us to not only select the right locations but we also carefully choose the right franchise partners. In M2B2, we are gaining an excellent partner that meets both of these criteria. We’re excited to welcome another top quality development group to our franchises base,” said Ron Burgett, Executive Vice President of Franchise Development & Operations for WoodSpring Hotels. “The upper midwest has proven to be an area of high guest demand for our brands and we have aggressive growth plans with both corporate and franchised properties in the region.”

About WoodSpring Hotels
WoodSpring Hotels is the company behind the nation’s fastest growing value extended-stay hotel brand with over 200 hotels system-wide located in over 30 states. The company owns 90 hotels and provides management services for both company-owned and franchised locations under the WoodSpring Suites and Value Place brands. WoodSpring Suites are hotels for good people with practical needs, down-to-earth attitudes and a comfortable style, and who appreciate the value of life’s necessities – done really well. For more information, visit www.WoodSpring.com.

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