Wyndham Hotels & Resorts Announces First Groundbreaking for its New Extended-Stay Brand
Wyndham Hotels & Resorts has celebrated the groundbreaking of its new extended-stay brand in Plano, Texas, marking a significant milestone. The brand, currently referred to as 'Project ECHO', has 72 hotels in development. This new hotel will feature 124 rooms, designed for both leisure and business travelers, and is strategically located near Dallas. Anticipated to open in the second half of 2023, the project emphasizes cost-effectiveness and competitive space utilization. Wyndham's leadership highlights the surge in demand for extended-stay accommodations as a driving force behind this development.
- Groundbreaking of the first extended-stay brand hotel in Plano, Texas.
- Currently 72 hotels in the development pipeline.
- The new hotel design targets both leisure and business travelers.
- Potential risks associated with new market entries.
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New-construction hotel in Plano, Tex. is the first ground break for the extended-stay brand with 72 hotels in the development pipeline
PARSIPPANY, N.J., Sept. 7, 2022 /PRNewswire/ -- Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,000 hotels across 95+ countries, celebrates today the first groundbreaking of its new extended-stay brand, in Plano, Texas. The all new-construction brand, operating under the working title "Project ECHO" is seeing great momentum with 72 hotels in the development pipeline as of the end of the second quarter.
"This is a milestone moment for Wyndham, as we break ground on our first hotel under this innovative, extended-stay hotel brand," said Geoff Ballotti, president and chief executive officer, Wyndham Hotels & Resorts. "Demand for extended-stay accommodations continues to surge as interest continues to grow among both guests and developers. As the nation's leader in economy and midscale hotel accommodations, this is the ideal time to introduce a cost-friendly and all new-construction brand, starting with this important and growing Texas market."
Conveniently located just a few miles from Dallas along the southeast corner of Highway 121 and Rasor Boulevard in Plano, this first groundbreaking for the new extended-stay hotel brand is close to the city's nearby shopping, dining, and outdoor offerings. Named "one of the happiest places in the country," Plano offers incredible nature preserves and a variety of arts and cultural activities. The hotel is owned by Gulf Coast Hotel Management and is expected to open in the second half of 2023.
"This new development will offer a modern, extended-stay product with all the conveniences of home for both leisure and business travelers visiting north Texas," said Ian McClure, chief executive officer, Gulf Coast Hotel Management. "We were attracted to Wyndham for this project due to their expertise, and how this new brand is custom-designed with the developer in mind."
The purpose-built, 124-room Project ECHO prototype requires just under two acres of land, has a highly competitive cost per key, and features multiple characteristics that intentionally separate it from traditional economy brands. Coming in at just over 50,000 square-feet—nearly 74 percent of which is rentable—individual rooms average 300 square-feet. The rooms consist of single- and two-queen studio suites with kitchenettes as well as efficiently-designed public spaces—a lobby, fitness center and guest laundry—that help to limit labor needs.
For more information, including development opportunities, visit www.projectecho.wyndhamhotels.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,000 hotels across over 95 countries on six continents. Through its network of approximately 819,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including 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 offers over 95 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Contacts:
Scott Carman
Wyndham Hotels & Resorts
+1 (973) 753-6590
scott.carman@wyndham.com
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SOURCE Wyndham Hotels & Resorts
FAQ
What is the significance of the groundbreaking for Wyndham's new extended-stay brand in Plano, Texas?
How many hotels are in the pipeline for Wyndham's new brand as of September 2022?
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What features does the new 'Project ECHO' hotel include?
Why is Wyndham launching a new extended-stay brand now?
