Hotels, Restaurants and Leisure
Company Overview of WoodSpring Suites LLC
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
Wichita, KS 67206
Founded in 2002
Key Executives for WoodSpring Suites LLC
President and Chief Operating Officer
Chief Financial Officer and Executive Vice President
President of Value Place Franchise Services LLC
Compensation as of Fiscal Year 2015.
WoodSpring Suites LLC Key Developments
WoodSpring Suites LLC Enters Second License Agreement with Gold Coast Premier Properties
Aug 25 15
WoodSpring Suites, has entered into a second license agreement with Gold Coast Premier Properties, LLC to build a new franchised location in the sub-market of Doral, Florida. The principals of Gold Coast Premier Properties have extensive experience in real estate and international finance. The parent company has developed real estate projects throughout the world. Doral is an extraordinary market in which the demand for extended stay exceeds the supply. WoodSpring Suites will be an ideal fit for the market. This property is the second location announced by Gold Coast Premier Properties and will be a strong complement to the hotel they are building at Zoo Miami.
WoodSpring Suites LLC Reports Earnings Results for the Second Quarter and Year to Date of 2015
Aug 20 15
WoodSpring Suites LLC reported earnings results for the second quarter and year to date of 2015. For the quarter, the company’s revenue increased by 18.7% to $32.7 million as compared to the second quarter of 2014. Comparable Corporate hotels (74 properties) generated EBITDA margins of 49.0%.
For six months, the company’s revenue increased by 22.3% to $63.1 million as compared to the same period in 2014. Comparable Corporate hotels (74 properties) EBITDA grew by 9.7% as compared to the same period in 2014 as EBITDA margins of 49.5% were realized during the period.
WoodSpring Suites to Leverage its Strong Performance in the Charleston, South Carolina Market with Addition of 2 New Franchised Locations
Jul 9 15
WoodSpring Suites has entered into an agreement with Jupiter Holdings, to build two new hotels in the Charleston market. 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.
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