ROCKVILLE, Md., March 21, 2019 /PRNewswire/ -- Choice Hotels
International, Inc. (NYSE: CHH) inked agreements with Koucar
Management to develop new Cambria
hotels in Detroit and Portland, Maine. The upscale hotels are slated
to open in 2020 and 2021, respectively.
Located at 600 W. Lafayette Boulevard, the new 154-room Cambria
Hotel in Detroit will be in a
bustling downtown neighborhood that has played a vital role in the
city's ongoing renaissance. Just a short drive away, guests can
easily travel to many national corporate headquarters, including
Ford, General Motors, Chrysler, and Quicken Loans. The hotel's
proximity to Wayne State University,
Henry Ford Hospital, Detroit Medical Center, and Tech Town,
Detroit's urban technology and
research center, will make it an easy choice when selecting lodging
in the Detroit area. Nearby
attractions also include the Cobo Center, Little Caesars Arena,
Comerica Park, Ford Field, and various museums, breweries, and
restaurants.
The new, 102-room Cambria Hotel in Portland, Maine will be the brand's first
hotel in the state. Situated at 86 Newbury St. on the highly
sought-after "Peninsula" of Portland, the hotel joins the historic
seacoast town with a thriving port and vibrant business community.
It is within walking distance to Downtown
Portland's numerous local attractions, such as The Portland
Museum of Art and the Old Port, alongside fine dining, breweries,
live entertainment, and shopping.
"Cambria's unique value
proposition and overall performance is leading more and more
developers to commit to multiple projects, further accelerating the
brand's growth in prime locations across the United States," said Mark Shalala, vice president, franchise
development, upscale brands, Choice Hotels. "The Detroit and Portland projects are part of a package of
four Cambria hotels in strategic
markets that Koucar Companies will deliver in the coming
months. The Detroit market
has seen a surge in investment in downtown businesses, which has
provided a jolt to local demand with occupancy and average daily
rate steadily rising last year. At the same time, Portland, Maine is one of the top RevPAR
markets in the country, thanks in part to record tourism. Through
this programmatic investment approach with developers like the
Koucar Companies, the brand's pipeline is the largest it has ever
been, with over 85 hotels under development."
The Cambria Hotels in Detroit
and Portland will feature upscale
amenities that appeal to modern travelers, including:
- Immersive, spa-style bathrooms with Bluetooth mirrors
- Contemporary and sophisticated guestrooms, complete with modern
fixtures, abundant lighting, and plush bedding
- Rooftop bars
- A rooftop pool and spa-like services at the Detroit property
- Celebrity chef curated dining featuring freshly made food,
local craft beer on tap, wine, and specialty cocktails
- Multi-function meeting space in both locations and a formal
ballroom in the Detroit
property
- State-of-the-art fitness centers
- Locally inspired designs
Based in Michigan, Koucar
Management is one of the largest private real estate developers in
the Midwest and has over 25 years of experience in commercial,
residential, and hotel development and management.
There are more than 40 Cambria hotels open across the U.S. in
popular cities like Chicago;
Los Angeles; Nashville, Tenn.; New York; New
Orleans; Phoenix; and
Washington D.C. Cambria
Hotels will be entering more prime markets this year, including
Anaheim, Calif.; Boston; Houston; and Napa,
Calif.
"The Cambria Hotels brand is projected to surpass another milestone
this year with 50 hotels open coast to coast," said Janis Cannon, senior vice president, upscale
brands, Choice Hotels. "As the brand grows, we strategically invest
in market intelligence to help developers identify the best new
locations, ensuring the hotels are in proximity to businesses and
attractions, while also offering a genuine sense of place and
upscale amenities to exceed the needs of modern travelers.
Detroit and Portland are both desirable locations, and
we're excited to bring the Cambria
experience to guests in these prime markets."
For more information on Cambria Hotels development
opportunities, visit
www.choicehotelsdevelopment.com/cambriahotels/.
About Cambria Hotels
The Cambria® Hotels brand
is designed for the modern traveler, offering guests a distinct
experience with simple, guilt-free indulgences allowing them to
treat themselves while on the road. Properties feature compelling
design inspired by the location, spacious and comfortable rooms,
flexible meeting space, and local freshly prepared food and craft
beer. Cambria Hotels is rapidly expanding in major U.S. cities,
with hotels open in Chicago, New York
City, Pittsburgh, Washington, D.C., and Los Angeles.
There are more than 40 Cambria properties open across the
United States, and over 100 hotels
open or in the pipeline in the U.S. and Canada. To learn more,
visit www.choicehotels.com/cambria.
About Choice Hotels
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest
and most successful lodging franchisors in the world. With
more than 7,000 hotels, representing nearly 570,000 rooms, in over
40 countries and territories as of December 31, 2018, the
Choice® family of hotel brands provides business and leisure
travelers with a range of high-quality lodging options from limited
service to full-service hotels in the upscale, midscale,
extended-stay and economy segments. The award-winning Choice
Privileges® loyalty program offers members benefits ranging
from everyday rewards to exceptional experiences. For more
information, visit www.choicehotels.com.
About Koucar Companies
Koucar Management, LLC is a
privately held, Michigan-based
company with a diverse portfolio of holdings and investments. Our
wide spectrum of business activities include: general contracting,
construction management, land development, residential, commercial
and industrial construction, hotel, restaurant and property
management, real estate services and equipment leasing. Koucar
Management has an investment strategy that firmly focuses on
expansion within existing industries, bringing new vitality to
acquired businesses and laying the groundwork for new ventures.
With our recognized management strengths and ample financial
resources, Koucar Management is providing growth capital and other
resources to its portfolio of companies, with a collective pipeline
in excess of $250 million. Our vision
is clear; motivated, skilled partners & employees, significant
financial strength and stability, a willingness to look beyond
conventional performance measurements and an untiring commitment to
our customers. Since our founding, we have viewed obstacles as
opportunities, placed a premium on sweat equity and sought out
affiliates and individuals who share our passion for excellence.
Working together, we guarantee the best is yet to come. Visit
www.koucar.com.
Forward-Looking Statement
This communication
includes "forward-looking statements" about future events,
including anticipated development and hotel openings. Such
statements are subject to numerous risks and uncertainties,
including construction delays, availability and cost of financing
and the other "Risk Factors" described in our Annual Report on Form
10-K, any of which could cause actual results to be materially
different from our expectations.
Addendum
This is not an offering. No offer or sale of
a franchise will be made except by a Franchise Disclosure Document
first filed and registered with applicable state authorities. A
copy of the Franchise Disclosure Document can be obtained through
contacting Choice Hotels International at 1 Choice Hotels Circle,
Suite 400, Rockville,
MD 20850, development@choicehotels.com.
© 2019 Choice Hotels International, Inc. All rights
reserved.
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SOURCE Choice Hotels International, Inc.