WoodSpring Suites Partners with Jupiter Holdings to Build Two New Charleston Hotels

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. July 13, 2015

WICHITA, KS. July 13, 2015 - WoodSpring Suites, the nation's fastest growing value segment extended-stay hotel brand, has entered into an agreement with one of Charleston, South Carolina's premier real estate development companies, Jupiter Holdings, to build two new hotels in the Charleston market.

"Charleston is an excellent market for our brand as proven by the strong performance of the three hotels we already have in the market," said Ron Burgett, Executive Vice President of Development. "There is a strong demand for extended stay lodging in the Charleston market and our brand, with its unwavering commitment to the highest standards of cleanliness and consistency at a reasonable price, has proven to be extremely successful."

The first location to be built will be Summerville, South Carolina and the second location will be built in the West Ashley area of Charleston, directly on Savannah Highway.

"Summerville is going to be a great market for us," said Burgett. "The market was growing at a fast pace even before Volvo decided to build its first North American factory in Berkeley county. But this $500 million dollar project is going to turbo-charge growth in the area and our WoodSpring Suites location will be perfectly positioned to capitalize on it."

"Charleston continues to be one of the best markets in the Southeastern United States from both a business and tourism perspective," adds Burgett. "As the city continues to grow, this new location on one of the main arteries into downtown Charleston should thrive."

Both hotels will be managed by TrueBlue Hospitality, an award winning hospitality management company led by veteran hotelier, David Kalik.

"As we planned to expand our presence in Charleston, we wanted to make sure we had not just the right locations, but also the right franchisee partners," Bruce Haase, WoodSpring CEO stated. "We found that in Jupiter Holdings and True Blue Hospitality. Their market knowledge, Charleston roots, and extensive experience of building high quality projects in the area make them an ideal franchisee for us. We could not be more excited about working with them."

WoodSpring Suites, which had a record growth year in 2014, is focused on strategic expansion across the U.S. through corporate- and franchise-owned development. The company expects to break ground on 30 additional properties by the end of the year. Expansion plans through 2017 include the addition of corporate and franchised properties in major metropolitan markets such as Los Angeles, Chicago, Philadelphia, Boston, Seattle, Miami and Minneapolis.

About WoodSpring Suites

WoodSpring Suites, formerly Value Place, is the nation's fastest growing value extended stay hotel brand with 196 hotels located in 32 states. The company owns 84 of the properties and provides management services for both company-owned and franchised locations. WoodSpring Suites, as well as its enhanced brand extension, WoodSpring Suites Signature, 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.WoodSpringFranchise.com or call 866-645-3726.

Contact:
Crystal Franz
[email protected]
316-630-5520