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LEISURE | Lodging

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Founded Year



Acquired | Acquired



About WoodSpring Suites

WoodSpring Hotels, dba WoodSpring Suites, provides extended stay accomondations.

WoodSpring Suites Headquarter Location

8621 East 21st Street North Suite 250

Wichita, Kansas, 67206,

United States


Latest WoodSpring Suites News

Brookfield weighs $1.5B hotel portfolio sale

Nov 17, 2021

Bruce Flatt, chief executive officer, Brookfield Asset Management (CoStar Group, WoodSpring Suites, iStock) Brookfield Asset Management is weighing the sale of a portfolio of extended-stay hotels for up to $1.5 billion, Bloomberg reported, citing people familiar with the matter. The firm is reportedly working with an adviser in regards to a potential sale of its WoodSpring Suites collection, which provides affordable short and medium-term hotel stays without many services or amenities. The average length of stay is about 15 days, according to Bloomberg, significantly longer than the three-to-five day stays for other hotels, according to S&P Global Ratings analysts . In turn, the hotels are able to generate high margins. The brand is managed by Choice Hotels International. In April, Brookfield negotiated a deal with Hospitality Investors Trust that gave the Toronto-based firm control of 100 hotels as part of a Chapter 11 filing. Brookfield was the largest investor in the trust. News of the potential deal comes months after another extended-stay portfolio traded hands for a big price. Blackstone Group and Starwood Capital Group acquired the hotel chain for about $6 billion , at $19.50 per share. Both companies were previous investors in the hotel chain and the bid was later upped to $20.50 per share, a value of about $6.3 billion. Read more

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