NEW YORK-WoodSpring Suites has entered into a multi-unit agreement with Pure Strike Development, LP and CAMTOD Group to develop six new hotels in the Denver area over the next four years. This represents the first major development agreement to be signed since WoodSpring Suites rebranded from Value Place this past April. WoodSpring Suites made the announcement from the 37th Annual NYU International Hospitality Industry Investment Conference here.
"We have chosen to partner again with WoodSpring Suites because of their consistent, high demand and proven operating model," said Blake Schauer, principal partner at Pure Strike. "WoodSpring Suites offers great support in the development and construction process, and leveraging the WoodSpring Suites' expertise in this space will lead to a very successful relationship. We are pleased to expand our portfolio of WoodSpring Suites hotels to the Denver area."
The development group currently has another property under construction in San Angelo, TX, and is actively seeking hotel sites in the Denver area. The group's first hotel in the Denver area, located in Centennial, is expected to break ground in March.
