WoodSpring Hotels and Gold Coast Premier Properties began construction on the WoodSpring Suites hotel near Zoo Miami.
“It has been a great experience working with WoodSpring Hotels. They are a strong competitor in the extended stay segment, and we’re excited to capitalize on their unique operating model that focuses on the bottom line and in turn offers strong returns,” said Raul Garcia, president of Gold Coast.
The projected opening date for the hotel is 3Q 2016. Located at Coral Reef Drive and parallel to the Florida Turnpike, the hotel will be built as a prototypical 124-room WoodSpring Suites and will have laundry facilities, modified kitchens and high-speed Internet, and is the first of two planned WoodSpring Suites hotels under development by Gold Coast. The second location, which will be built in the Doral sub-market of Miami, is slated to be a WoodSpring SuitesSignature hotel.
“WoodSpring Suites is unique in terms of our operating model and the fact that the majority of our company’s revenues are derived from hotel operations and not franchise fees,” said Ron Burgett, EVP of franchise development at WoodSpring Hotels. “Because we own and operate over 80 hotels, we place an extraordinary emphasis on profitability and minimizing costs at our hotels. Our focus on getting revenue to the bottom line is one of the factors that allow us to attract high caliber franchisees like Gold Coast.”