Dubai, United Arab Emirates – Wyndham Inns & Resorts, the world’s largest resort franchising firm with roughly 9,100 accommodations throughout greater than 95 international locations, unveiled the identify of its twenty fourth model, ECHO Suites Prolonged Keep by Wyndham. Formally the quickest rising model in Wyndham’s growth pipeline, the model, which continues to exceed expectations whereas receiving sturdy curiosity from builders, has 120 accommodations in its pipeline throughout the US (as of September thirtieth), nicely forward of the Firm’s previously-shared end- of-year aim.
“In six brief months, ECHO Suites Prolonged Keep by Wyndham has secured its place because the quickest rising model in our growth pipeline, continued highlighting, strong demand from each vacationers and builders for budget-friendly, prolonged keep choices,” stated Geoff Ballotti, President and CEO Wyndham Inns & Resorts. “Imagined and designed from day one with the fixed enter, overview and oversight of lots of our nation’s most skilled extended-stay builders, ECHO Suites was engineered with one particular aim in thoughts: creating an ROI-driven prototype that’s as cost-efficient to construct as it’s to function.”
ECHO Suites was crafted to assist maximize efficiencies and cut back working prices, all whereas offering a “dwelling away from dwelling” optimized for longer-term friends. Born from the core values of being easy, minimal, and fashionable, the model focuses on offering friends with effectively designed areas and considerate necessities, offering the muse of an awesome keep.
Added Ballotti, “Greater than ever, vacationers at present are searching for worth, particularly long-term friends reserving prolonged stays. On the identical time, they need an area that appears and appears like them. An area that is well-designed and alluring. We imagine should you may give them that, they are going to come again, night time after night time, keep after keep. That is what ECHO Suites is all about: giving friends an awesome prolonged keep expertise, at an awesome worth, in order that, like an echo, they repeat it, over and over.”
Prolonged Keep Main the Method
Following the bottom break of its first resort in Plano, Tex. with Dallas-based Gulf Coast Resort Administration this previous September, ECHO Suites at present broke floor on its second and third accommodations in Sterling, Va. and Richmond, Va. Each accommodations are being developed by Richmond-based Sandpiper Hospitality, one of many model’s first and largest builders.
“From the very starting, Wyndham has confirmed itself to be an owners-first group, prioritizing builders so they may not solely perceive our wants, however respect what makes this section completely different from others within the business,” stated Carter Rise, founder and CEO , The Sandpiper Group of Corporations. “That reality, mixed with the continued help and accessibility of the management staff at Wyndham, is why we’re breaking floor at present on our first two of 27 deliberate ECHO Suites accommodations.”
The aim-built, all new-construction, 124-room ECHO Suites 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 encompass single- and two-queen studio suites with kitchens in addition to efficiently-designed public areas—a foyer, health heart and 24/7 visitor laundry—that assist to restrict labor wants.
ECHO Suites fills white house inside Wyndham’s portfolio whereas additional solidifying the Firm’s function because the definitive chief in financial system and midscale accommodations. On the identical time, it fills an vital hole out there for recent, constant, new building prolonged keep product. The Firm expects to open its first ECHO Suites accommodations in 2023. For extra data, together with growth alternatives, go to www.projectecho.wyndhamhotels.com.
About Wyndham Inns & Resorts
Wyndham Inns & Resorts (NYSE: WH) is the world’s largest resort franchising firm by the variety of properties, with roughly 9,100 accommodations throughout over 95 international locations on six continents. By its community of roughly 836,000 rooms interesting to the on a regular basis traveler, Wyndham instructions a number one presence within the financial system and midscale segments of the lodging business. The Firm operates a portfolio of 24 resort manufacturers, together with Tremendous 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Assortment® and Wyndham®. The Firm’s award-winning Wyndham Rewards® loyalty program presents over 97 million enrolled members the chance to redeem factors at hundreds of accommodations, trip membership resorts and trip leases globally. For extra data, go to www.wyndhamhotels.com.
Ahead Wanting Statements
This press launch accommodates “forward-looking statements” inside the that means of US federal securities legal guidelines, together with the anticipated addition of accommodations and related statements regarding attainable future outcomes or efficiency. You might be cautioned to not place undue reliance on these forward-looking statements, which aren’t ensures of future outcomes or efficiency, communicate solely as of the date of this press launch and are topic to quite a few dangers and uncertainties, together with the dangers described in Wyndham Inns and Resorts most up-to-date Annual Report on Type 10-Okay and subsequent reviews filed with the Securities and Trade Fee, any of which might trigger precise outcomes or efficiency to be materially completely different from the longer term outcomes or efficiency expressed or implied by such forward-looking statements. Besides as required by legislation, Wyndham Inns and Resorts undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, subsequent occasions or in any other case.
Senior Vice President, International Communications