Everhome Suites Continues to Expand with Three New Locations Breaking Ground in Key Markets
Choice Hotels International, Inc. (NYSE: CHH) is expanding its Everhome Suites brand with three new locations breaking ground in San Antonio, Texas; Bowling Green, Kentucky; and Wichita, Kansas. These developments, in collaboration with Highside Companies, reinforce Choice's leadership in the extended stay segment. Currently, Choice has 4 Everhome Suites open, 65 in the pipeline, over 20 under construction, and more than 15 expected to open within the next 12 months. The new properties will offer 115-123 rooms each, featuring fully equipped kitchens, spa-style bathrooms, and various amenities. Choice Hotels continues to capitalize on the growing extended stay demand, which is currently double the supply.
Choice Hotels International, Inc. (NYSE: CHH) sta espandendo il suo marchio Everhome Suites con tre nuove aperture che iniziano i lavori a San Antonio, Texas; Bowling Green, Kentucky; e Wichita, Kansas. Questi sviluppi, in collaborazione con Highside Companies, rafforzano la leadership di Choice nel segmento delle permanenze prolungate. Attualmente, Choice ha 4 Everhome Suites aperti, 65 in fase di sviluppo, oltre 20 in costruzione e più di 15 previsti per l'apertura nei prossimi 12 mesi. Le nuove strutture offriranno ciascuna 115-123 camere, con cucine completamente attrezzate, bagni in stile spa e vari servizi. Choice Hotels continua a capitalizzare sulla crescente domanda di permanenze prolungate, attualmente doppia rispetto all'offerta.
Choice Hotels International, Inc. (NYSE: CHH) está expandiendo su marca Everhome Suites con tres nuevas ubicaciones que comenzarán a construirse en San Antonio, Texas; Bowling Green, Kentucky; y Wichita, Kansas. Estos desarrollos, en colaboración con Highside Companies, refuerzan el liderazgo de Choice en el segmento de estancias prolongadas. Actualmente, Choice tiene 4 Everhome Suites abiertas, 65 en la tubería, más de 20 en construcción y más de 15 que se espera que abran en los próximos 12 meses. Las nuevas propiedades ofrecerán entre 115 y 123 habitaciones cada una, con cocinas totalmente equipadas, baños estilo spa y diversas comodidades. Choice Hotels continúa capitalizando sobre la creciente demanda de estancias prolongadas, que actualmente es el doble de la oferta.
Choice Hotels International, Inc. (NYSE: CHH)는 Everhome Suites 브랜드를 확장하여 텍사스주 샌안토니오, 켄터키주 볼링 그린, 캔자스주 위치타에서 세 군데의 새로운 지점을 착공합니다. 이 개발은 Highside Companies와 협력하여 Choice의 연장 숙박 부문에서의 리더십을 강화합니다. 현재 Choice는 4개의 Everhome Suites가 운영 중이며, 65개가 계획 중이고, 20개 이상이 건설 중이며, 향후 12개월 내에 15개 이상의 개장을 예상하고 있습니다. 새로운 숙소는 각각 115~123개의 객실을 제공하며, 완비된 주방, 스파 스타일 욕실 및 다양한 편의 시설을 갖추고 있습니다. Choice Hotels는 현재 공급보다 두 배 많은 증가하는 연장 숙박 수요를 계속해서 활용하고 있습니다.
Choice Hotels International, Inc. (NYSE: CHH) étend sa marque Everhome Suites avec trois nouvelles adresses qui vont ouvrir à San Antonio, Texas; Bowling Green, Kentucky; et Wichita, Kansas. Ces développements, en collaboration avec Highside Companies, renforcent le leadership de Choice dans le segment des séjours prolongés. Actuellement, Choice dispose de 4 Everhome Suites ouvertes, 65 en projet, plus de 20 en construction et plus de 15 prévues pour ouvrir dans les 12 prochains mois. Les nouvelles propriétés offriront chacune entre 115 et 123 chambres, comprenant des cuisines entièrement équipées, des salles de bains de style spa et divers équipements. Choice Hotels continue de tirer parti de la demande croissante de séjours prolongés, qui est actuellement le double de l'offre.
Choice Hotels International, Inc. (NYSE: CHH) erweitert seine Marke Everhome Suites mit drei neuen Standorten, die in San Antonio, Texas; Bowling Green, Kentucky; und Wichita, Kansas den Bau beginnen. Diese Entwicklungen in Zusammenarbeit mit Highside Companies stärken die Führungsposition von Choice im Segment der Langzeitaufenthalte. Derzeit hat Choice 4 Everhome Suites eröffnet, 65 in der Planung, über 20 im Bau und mehr als 15, die in den nächsten 12 Monaten eröffnet werden sollen. Die neuen Immobilien bieten jeweils 115-123 Zimmer, mit voll ausgestatteten Küchen, Spa-ähnlichen Badezimmern und verschiedenen Annehmlichkeiten. Choice Hotels profitiert weiterhin von der wachsenden Nachfrage nach Langzeitaufenthalten, die derzeit doppelt so hoch ist wie das Angebot.
- Expansion of Everhome Suites brand with three new locations
- Strong pipeline with 65 Everhome Suites projects and over 20 under construction
- Capitalizing on extended stay demand, which is double the current supply
- Collaboration with Highside Companies for development
- Choice Hotels has nearly 400 hotels in the pipeline across four extended stay brands
- None.
Insights
Choice Hotels' expansion of Everhome Suites demonstrates a strategic move to capitalize on the growing extended stay market. With demand currently double the supply, this segment presents significant opportunities. The company's aggressive expansion plan, including 65 properties in the pipeline and over 20 under construction, indicates strong growth potential.
The focus on key markets like Texas, Kentucky and Kansas shows a targeted approach to diverse economic drivers. San Antonio's proximity to military bases and corporate hubs, Bowling Green's manufacturing sector and Wichita's aerospace industry suggest well-researched location choices. This strategy could lead to stable occupancy rates and consistent revenue streams, potentially boosting Choice Hotels' market share in the extended stay segment.
However, investors should monitor the execution of this rapid expansion, as it may strain resources and impact short-term profitability. The long-term outlook appears positive, but success will depend on maintaining quality across new properties and effectively managing increased operational complexity.
Choice Hotels' expansion of Everhome Suites reflects a strong growth strategy in the lucrative extended stay market. With nearly 400 hotels in the pipeline across four extended stay brands, the company is positioning itself for significant revenue growth in this segment.
The collaboration with Highside Companies for these new locations suggests a capital-efficient approach to expansion, potentially reducing direct investment risks for Choice Hotels. This partnership model could lead to faster scaling and improved return on investment.
Investors should note the potential for increased franchise fees and royalty revenues as these new properties come online. However, it's important to monitor the pace of openings and initial performance metrics of new locations to gauge the strategy's success. The extended stay market's resilience during economic fluctuations could provide a stabilizing effect on Choice Hotels' overall revenue stream, potentially making it an attractive option for investors seeking growth with some defensive characteristics.
Choice Hotels reinforces its leadership and first-mover advantage in extended stay with groundbreakings in
Choice continues to break ground and open Everhome Suites extended stay hotels across the country. The Everhome Suites San Antonio marks the sixth property under construction in
"These three new locations speak to our continued leadership in new construction midscale extended stay," said Ron Burgett, senior vice president, extended stay development, Choice Hotels. "We're opening hotels at a rapid pace and providing franchisees and collaborators like Highside with exceptional operational know-how in the category."
"We're proud to join Choice on the forefront of extended stay delivery with a continued wave of new Everhome Suites openings and groundbreakings, with a total of 25 in the current pipeline," said Justin Roberts, chief executive officer of Highside Companies.
"Choice's first-mover advantage ensures we're able to capitalize on extended stay demand in key markets and continue to cement our leadership position in the category," said Matt McElhare, vice president and lead for extended stay brands, Choice Hotels. "These three groundbreakings in
The hotel details are as follows:
- Everhome Suites Bowling Green is located at 1699 Charlie Court and will have 115 rooms. Demand in the market is primarily driven by manufacturing and
Bowling Green is home to Fruit of the Loom corporate headquarters and production facility, as well as General Motors, Henkel Corporation,Georgia -Pacific, Ball Corporation and Toyota facilities. The property is also close toWestern Kentucky University, University ofKentucky College of Medicine and many hospitals such as Commonwealth Regional Specialty Hospital, TriStar Greenview Regional Hospital, The Medical Center atBowling Green , and Southern Kentucky Rehab Hospital. The hotel is expected to open in November 2025. - Everhome Suites San Antonio is located at 619 N Hunt Lane and will have 115 rooms. The Everhome will be located alongside
Texas Highway 151 and Highway 410, which serves asSan Antonio's beltway and connects toSan Antonio International Airport and Lackland Air Force Base, the sole location forU.S. Air Force enlisted basic military training. It is also within a five-mile radius of major corporate hubs such as JPMorgan Chase Operations Center, Nationwide Insurance, Capital Group, and a 1 million square foot Wells Fargo Home Mortgage operation and connection center, one of only two such facilities in the country. The hotel is expected to open in November 2025. - Everhome Suites Wichita is located at 3880 N Rock Road, about three miles southwest of Wichita State University, and will have 123 rooms. Hotel demand in this market comes from a mixture of military, manufacturing, and healthcare, with Spirit Aerosystems, Textron Aviation, and Bombardier Learjet headquarters and manufacturing facilities in the city. It is also home to McConnell Air Force Base. The hotel is expected to open in the fall of 2025.
Everhome Suites offers the comforts of home along with many other convenient amenities, including:
- Every room has a fully equipped kitchen with full-sized refrigerator, dishwasher, stovetop, microwave, flatware, cookware and plenty of counter space
- Spa-style bathrooms with high-quality fixtures
- Large closets and additional open and closed storage
- Select number of premium one-bedroom suites that feature in-room washer and dryer
- Locally inspired touches including artwork, food and beverage offerings in the HomeBase Market, and a signature mural at the main entrance
- Weekly housekeeping
- Free WiFi
- Pet-friendly options
- Contemporary multipurpose lobby
- Communal outdoor amenity area with barbeque grills, firepits, and green spaces; pools at select locations
- 24/7 self-serve, tech-enabled Homebase Market with food, beverages and groceries
- 24/7 fitness center with state-of-the-art cardio and strength-training equipment, including Peloton bikes
- 24/7 guest laundry facilities
Everhome Suites participates in Choice Privileges, the award-winning rewards program where members earn points on eligible charges during their stay, which can be redeemed for reward nights at over 7,000 hotels across a diverse portfolio of brands in 45 countries and territories. With the Choice Privileges Mastercard, members can earn more points faster, including on everyday purchases.
Choice Hotels, with a franchise-first focus and an industry-leading retention rate, has been committed to providing its hotel owners with the support they need to succeed since it launched the country's first hotel chain in 1941. Today, Choice offers franchisees a suite of cutting-edge cloud-based solutions, including the choiceEDGE guest reservation platform and the choiceADVANTAGE property management system to help franchisees effectively manage room rates, distribution channels, and inventory.
For more information on Everhome Suites development opportunities, visit choicehotelsdevelopment.com/everhome-suites.
Everhome Suites®: Closer to Home
The Everhome Suites brand provides a Closer to Home™ experience that enables guests to live life on their terms during longer-term stays. The newly constructed midscale hotels are designed to help extended stay guests maintain routine on the road with apartment-style suites featuring fully equipped kitchens, spa-like bathrooms and customizable "me" spaces, including movable workstations, full-size closets and additional storage. Everhome Suites properties have modern and sophisticated public spaces, 24/7 fitness centers with Peloton bikes, guest laundry facilities, free Wi-Fi and self-service marketplaces with a variety of fresh and frozen meal and grocery options. For more information, visit https://www.choicehotels.com/everhome-suites.
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. The challenger in upscale and a leader in midscale and extended stay, Choice® has nearly 7,500 hotels, representing more than 630,000 rooms, in 45 countries and territories. A diverse portfolio of 22 brands that range from full-service upper upscale properties to midscale, extended stay and economy enables Choice® to meet travelers' needs in more places and for more occasions while driving more value for franchise owners and shareholders. The award-winning Choice Privileges® rewards program and co-brand credit card options provide members with a fast and easy way to earn reward nights and personalized perks. For more information, visit www.choicehotels.com.
About Highside Companies
Founded in 2019, Highside Companies is a
Forward-Looking Statements
This communication includes "forward-looking statements" about future events, including anticipated development and hotel openings. Such statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and the other "Risk Factors" described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, any of which could cause actual results to be materially different from our expectations.
Addendum
This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 1 Choice Hotels Circle, Suite 400, Rockville, MD 20850, email: development@choicehotels.com.
© 2024 Choice Hotels International, Inc. All Rights Reserved
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SOURCE Choice Hotels International, Inc.
FAQ
Where are the new Everhome Suites locations breaking ground?
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What is the expected opening date for the Everhome Suites in Bowling Green and San Antonio?
How many rooms will the new Everhome Suites in Wichita, Kansas have?
What is the current state of extended stay demand according to Choice Hotels (CHH)?
