Wyndham signs 60 new ECHO Suites hotels in the United States and Canada
Wyndham Hotels & Resorts today announced 60 new hotels for its expanding ECHO Suites Extended Stay by Wyndham brand, including what will be the brand’s first hotels to Canada.
Continuing Wyndham’s long-term strategy of signing multi-unit agreements with established and experienced developers – one of the most recent being MasterBUILT Hotels, which to date has developed more than two dozen Microtel by Wyndham® hotels across Canada – the additions grow the brand’s global pipeline to 265 hotels and approximately 33,000 rooms.
“Since announcing ECHO Suites last year, we’ve seen unprecedented interest from the industry’s most successful extended stay developers, helping to make ECHO the fastest growing brand launch in 2022,” said Chip Ohlsson, Chief Development Officer, Wyndham Hotels & Resorts. “The addition of MasterBUILT, one of Canada’s leading hotel development companies, to this growing list is a testament to the quality of the ECHO prototype and its highly efficient, ROI-focused design, which offers one of the most cost-effective square footage in the industry.
With the addition of MasterBUILT Hotels, ECHO Suites Extended Stay by Wyndham now has a pipeline of 265 hotels across the United States and Canada, making it one of the leading extended-stay hotel brands. Several projects have already started and are in various stages of construction across Virginia, Texas And Caroline from the south, with more than a dozen more expected to sprout in the coming months. The company plans to have 100 hotels open over five years, with the brand’s first locations beginning to make a significant contribution to Wyndham’s overall portfolio in 2024.
The 124-room, purpose-built ECHO Suites prototype requires less than two acres of land and has a very competitive cost per key. At around 50,000 square feet, single rooms average 300 square feet. Rooms consist of single and double studio suites with kitchens as well as efficiently designed public areas including a lobby, fitness center, and 24/7 laundry facilities.
For more information about ECHO Suites Extended Stay by Wyndham, including development opportunities, visit www.wyndhamdevelopment.com.