Resolute Road Hospitality and Wyndham Hotels and Resorts hosted a joint event, "Economics of the Extended Stay Segment of Lodging," last week in Nashville. The event brought more than 100 hospitality industry executives together to discuss an array of topics, including best management practices, current market trends and Wyndham's newest extended-stay brand, ECHO Suites.
"It was a privilege to host this event alongside Wyndham. It was a productive event filled with passionate hospitality professionals interested in the rapidly growing extended-stay market," Daniel Pinheiro, chief business development officer, Resolute Road Hospitality, said in a statement. "Attendees shared valuable insights and collaborated on best practices in the sector."
Gary Horton, president of Resolute Road Hospitality, delivered a presentation offering insights into effective management and operation strategies tailored to the extended-stay industry.
"Since announcing ECHO Suites last year, our pipeline of ECHO Suites has rapidly grown to 265 hotels with some of the industry's most successful extended-stay developers. Now the time has come to introduce this brand to a wider audience of hotel developers with development seminars across the country like the one we hosted near Nashville," said Chip Ohlsson, chief development officer, Wyndham Hotels & Resorts. "We believe in adding additional ECHO Suites in the right markets with the right developers is a recipe for success for this brand and its highly efficient, ROI-driven design, which offers among the most rentable square-footage in the industry."
The event also featured David Wilner, SVP franchise development, and Frank Forcier, director of franchise development, both from Wyndham Hotels & Resorts. Other industry experts included Guy Pisani, development director at Holladay Properties; Ted Torres, managing director at CREDE; Kelsey Fenerty, manager of analytics at STR; Kevin Wosko, managing director at PACE Equity; and Kevin O'Neil and Richard Sprecher, vice presidents of business development for Resolute Road Hospitality.