ECHO Suites Extended Stay by Wyndham Signs 60 New Hotels
Wyndham Hotels & Resorts announced this week an additional 60 new hotels for its rapidly expanding ECHO Suites Extended Stay by Wyndham brand. The new batch of properties also includes what will be the brand’s first hotels in Canada.
The announcement continues Wyndham’s long-term strategy of signing multi-unit deals with established and experienced developers, with one of the latest being MasterBUILT Hotels. To date, that company has developed more than two dozen Microtel by Wyndham hotels across Canada.
“Since announcing ECHO Suites last year, we’ve seen unprecedented interest from among the industry’s most-successful extended stay developers, helping make ECHO the fastest-growing brand launch of 2022,” said Chip Ohlsson, chief development officer, Wyndham Hotels & Resorts. “Adding MasterBUILT—one of Canada’s premier hotel development companies—to that growing list speaks to the quality of the ECHO prototype and its highly efficient, ROI-driven design, which offers among the most rentable square-footage in the industry.”
With the 60 new hotels announced this week, Wyndham’s ECHO Suites brand grows its global pipeline to 265 hotels and approximately 33,000 rooms.
Multiple projects have already broken ground and are in various stages of construction across Virginia, Texas and South Carolina, with over a dozen more slated to break ground in the months ahead. The Company expects to have 100 hotels open over five years, with the brand’s first locations beginning to make a meaningful contribution to Wyndham’s overall portfolio in 2024.
Wyndham says that the purpose-built, all new-construction, 124-room ECHO Suites prototype requires under two acres of land and has a highly competitive cost per key. Coming in at approximately 50,000 square-feet, individual rooms average 300 square-feet. The rooms consist of single- and two-queen studio suites with kitchens as well as efficiently-designed public spaces—a lobby, fitness center and 24/7 guest laundry—that help to limit labor needs.
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