The firm’s quickest rising model within the growth pipeline exceeds year-end objective early
PARSIPPANY, N.J., Sept. 19, 2022 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest resort franchising firm with roughly 9,000 resorts throughout 95+ nations, declares right now that its new, extended-stay model working underneath the working title “Project ECHO” has achieved 100 resorts signed throughout the United States.
“An all new-construction, extended-stay brand developed with leading hotel developers hits the sweet spot with a design aimed to lower costs-to-build and operate, while still capturing the demand for long-term stays. This brand has become Wyndham’s fastest growing in the pipeline already accomplishing our goal of 100 signed by year-end and we expect to continue adding to that total,” mentioned Chip Ohlsson, government vp and chief growth officer, Wyndham Hotels & Resorts. “
Among the latest signings for creating new development Project ECHO resorts are South Bend, Ind.-based Holladay Properties and Miami, Fla.-based Gold Coast Premier Properties. Holladay Properties have 25 Project ECHO resorts signed in the important thing cities throughout the Midwest in addition to Nashville, Tenn.; (*100*), Ga; and Jacksonville, Fla., and Gold Coast Premier Properties has 10 resorts signed in South Florida and New Jersey.
The purpose-built, 124-room Project ECHO prototype requires just below two acres of land and has a extremely aggressive price per key. Coming in at roughly 50,000 square-feet—practically 74 p.c of which is rentable—particular person rooms common 300 square-feet. The rooms include single- and two-queen studio suites with kitchenettes in addition to efficiently-designed public areas—a foyer, health middle and visitor laundry—that assist to restrict labor wants.
“We have extensive extended-stay development experience with established brands, yet we couldn’t pass up the opportunity to be on the ground floor building a brand together with Wyndham,” mentioned Veronica Garcia, president and chief working officer, Gold Coast Premier Properties. “Project ECHO’s efficient design paired with access to Wyndham’s negotiated discounts with suppliers will help us reduce costs and simplify operations of our hotels, while introducing a new product to the extended-stay segment.”
Earlier this month, the primary Project ECHO resort broke floor in Plano, Tex. and extra groundbreaks are scheduled for this fall. Wyndham expects to open its first Project ECHO resorts in 2023. For extra info, together with growth alternatives, go to www.projectecho.wyndhamhotels.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts ( NYSE: WH) is the world’s largest resort franchising firm by the variety of properties, with roughly 9,000 resorts throughout over 95 nations on six continents. Through its community of roughly 819,000 rooms interesting to the on a regular basis traveler, Wyndham instructions a number one presence within the economy and midscale segments of the lodging trade. The Company operates a portfolio of 23 resort manufacturers, together with Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards® loyalty program gives over 95 million enrolled members the chance to redeem factors at 1000’s of resorts, trip membership resorts and trip leases globally. For extra info, go to www.wyndhamhotels.com.
Contacts:
Scott Carman
Wyndham Hotels & Resorts
+1 (973) 753-6590
[email protected]
SOURCE Wyndham Hotels & Resorts
