USA | Choice Hotels has reached the milestone celebration of the opening of its 500th Everhome Suites property, located in Arizona.
Choice Hotels International, Inc. has celebrated a pivotal moment in its growth journey with the opening of its 500th extended stay property, an Everhome Suites in Glendale, Arizona.
This achievement underscores Choice's rapid expansion and leadership in the economy and midscale extended stay market, powered by a playbook that helps drive revenue and lowers total cost of ownership with strategic new builds and targeted conversions that meet the increasing demand for accommodations of more than seven nights. Across the hospitality industry, Choice has the fastest-growing economy extended stay portfolio and leads in the economy new construction category, according to August 2024 STR Pipeline Data.
As of the end of Q2 2024, Choice had over 350 hotels in the pipeline across four extended stay brands: Everhome Suites, WoodSpring Suites, Suburban Studios, and MainStay Suites.
"Reaching 500 open extended stay properties is a testament to our strategic focus on this high growth category, proven extended stay hotel operating model, and tried and true brand prototypes, all of which make Choice's expertise the best in the industry," said Patrick Pacious, President and CEO of Choice Hotels, International.
"As we continue to grow, we're committed to working with developers to deliver high-quality, cost-effective properties that provide an excellent long-staying guest experience and unparalleled financial returns."
With the addition of Glendale, Choice has six Everhome Suites open across the country and over 65 in the pipeline including over 20 under construction, with more than 15 expected to open within the next 12 months.
"Our dedicated team of experts know where there is unfulfilled demand in the category and provide best-in-class support for our franchisees from site selection to opening and day-to-day operations," said Matt McElhare, vice president and segment lead for extended stay brands, Choice Hotels International.
"We're extremely proud to be leaders in one of the fastest growing segments in hospitality and look forward to opening our next 500 extended stay hotels."
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