August 23, 2017 8:37 AM ET

Hotels, Restaurants and Leisure

Company Overview of WoodSpring Suites LLC

Company Overview

WoodSpring Suites LLC operates a hotel chain in the United States and New Mexico. It offers accommodation rooms; and franchising business opportunity services. WoodSpring Suites LLC was formerly known as Value Place LLC and changed its name to WoodSpring Suites LLC in April 2015. The company was founded in 2002 and is based in Wichita, Kansas.

8621 East 21st Street North

Suite 250

Wichita, KS 67206

United States

Founded in 2002





Key Executives for WoodSpring Suites LLC

Chief Executive Officer
Age: 56
President and Chief Operating Officer
Founder and Chairman
Age: 86
Chief Financial Officer and Executive Vice President
Age: 55
President of Value Place Franchise Services LLC
Compensation as of Fiscal Year 2017.

WoodSpring Suites LLC Key Developments

WoodSpring Hotels, LLC Presents at 29th Annual Hunter Hotel Investment Conference March 22-24, 2017, Mar-23-2017 11:00 AM

WoodSpring Hotels, LLC Presents at 29th Annual Hunter Hotel Investment Conference March 22-24, 2017, Mar-23-2017 11:00 AM. Venue: Atlanta Marriott Marquis, Atlanta, United States. Speakers: Ron Burgett, EVP Franchise Development & Operations.

WoodSpring Suites LLC Presents at The Americas Lodging Investment Summit 2016, Jan-26-2016 02:30 PM

WoodSpring Suites LLC Presents at The Americas Lodging Investment Summit 2016, Jan-26-2016 02:30 PM. Venue: JW Marriott Los Angeles, 900 W. Olympic Boulevard, Los Angeles, CA 90015, United States. Speakers: Bruce N. Haase, Chief Executive Officer.

WoodSpring Suites Debuts in the State of Louisiana with Development Agreement in West Monroe

WoodSpring Hotels announced an agreement with a development group headed by Karnail and Kanwarjit Singh to build the next WoodSpring Suites hotel in West Monroe, La. The 124-unit hotel will be first WoodSpring Suites located in Louisiana and is expected to start construction in first quarter of 2016. Once completed, the hotel will feature such guest amenities as free high-speed internet, guest laundry facilities, in-room kitchens in each guestroom and the cleanliness, safety and affordability that the WoodSpring Suites brand provides to every guest. These are all part of the brand’s “It’s Simple. Done Better.” brand promise. WoodSpring Hotels, which experienced record growth in 2014, is focused on strategic expansion across the U.S. through corporate- and franchise-owned development. The company expects to break ground on more than 30 additional properties over the next six months. 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, Portland and Minneapolis.

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Recent Private Companies Transactions

October 28, 2016
WoodSpring Suites LLC, Four Value Place/WoodSpring Suites Hotels Portfolio

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