Wyndham Hotels & Resorts Reaches Major Milestone
Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,000 hotels across 95+ countries, announces today that its new, extended-stay brand operating under the working title "Project ECHO" has achieved 100 hotels signed across the United States.
Fastest growing brand in the development pipeline already accomplishing goal of 100 signed hotels by year-end
"An all new-construction, extended-stay brand developed with leading hotel developers hits the sweet spot with a design aimed to lower costs-to-build and operate, while still capturing the demand for long-term stays. This brand has become Wyndham's fastest growing in the pipeline already accomplishing our goal of 100 signed by year-end and we expect to continue adding to that total," said Chip Ohlsson, executive vice president and chief development officer, Wyndham Hotels & Resorts. "
Among the most recent signings for developing new construction Project ECHO hotels are South Bend, Ind.-based Holladay Properties and Miami, Fla.-based Gold Coast Premier Properties. Holladay Properties have 25 Project ECHO hotels signed in the key cities across the Midwest as well as Nashville, Tenn.; Savannah, Ga; and Jacksonville, Fla., and Gold Coast Premier Properties has 10 hotels signed in South Florida and New Jersey.
The purpose-built, 124-room Project ECHO prototype requires just under two acres of land and has a highly competitive cost per key. Coming in at approximately 50,000 square-feet—nearly 74 percent of which is rentable—individual rooms average 300 square-feet.
The rooms consist of single- and two-queen studio suites with kitchenettes as well as efficiently-designed public spaces—a lobby, fitness center and guest laundry—that help to limit labor needs.