Choice Hotels International, Inc. (NYSE: CHH) today announced significant growth and development plans for Cambria hotels & suites in 2017. With 28 Cambria hotels & suites open across the United States, the brand is planning a major increase in 2017 with 14 planned hotel openings, 18 groundbreakings, and multiple executed franchise agreements.
Cambria hotels & suites already celebrated two grand openings in Texas this year in Southlake and McAllen. Throughout 2017, openings will continue with a focus on key urban markets, including Chicago Loop/Theater District, the second Chicago property along with Magnificent Mile; Dallas; Los Angeles – LAX, the brand's first property in California; New Orleans; Atlanta; and Phoenix. Cambriahotels will also open in Asheville, N.C.; Chandler, Ariz.; Middletown/Newport, R.I.; Westfield, Ind.; and West Orange, N.J.
"Cambria hotels & suites rapid brand expansion will continue in 2017 and beyond," said Mark Shalala vice president of development, upscale brands at Choice Hotels. "The brand continues to build hotels and enter more key U.S. markets, attracting today's modern traveler who wants to be recognized and uniquely rewarded during their business and leisure travels."
In addition to a robust development pipeline, the Cambria brand continues to deliver strong business performance for its franchisees. For hotels that have opened within the last two years, RevPAR was at $128 for 2016, and the entire portfolio ended the year at over $100. Cambria also delivers on guest expectations with an average guest satisfaction rating of 9 out of 10 in internal feedback.
In addition to 14 planned hotels opening in 2017, Cambria hotels & suites will break ground on 18 properties throughout the U.S. this year. Upcoming construction in key markets includes: Cincinnati; Houston; Los Angeles – LA Live; Las Vegas; Downtown Miami; Oklahoma City; Omaha, Neb.; Savannah, Ga.; San Antonio; and Seattle. The brand recently signed agreements with franchise partners in Louisville, Ky.; Milwaukee; Saint Petersburg, Fla.; Sarasota, Fla.; and Sonoma County, Calif. Cambria is a development opportunity for several types of properties including adaptive reuse, conversion and new construction, with a focus on the top 50 U.S. markets.
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