{"id":1004152583,"date":"2016-09-16T03:25:58","date_gmt":"2016-09-16T11:25:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004152583"},"modified":"2020-05-18T13:57:55","modified_gmt":"2020-05-18T21:57:55","slug":"woodspring-hotels-makes-major-deal-in-sf","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/woodspring-hotels-makes-major-deal-in-sf\/","title":{"rendered":"WoodSpring Hotels Makes Major Deal in SF"},"content":{"rendered":"<p><em>By Keith Loria, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004152586\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/WoodSpring-Suites-Phoenix.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004152586\" data-attachment-id=\"1004152586\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/woodspring-hotels-makes-major-deal-in-sf\/woodspring-suites-phoenix\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/WoodSpring-Suites-Phoenix.jpg\" data-orig-size=\"738,456\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;5054N&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1468572320&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;3.37&quot;,&quot;iso&quot;:&quot;50&quot;,&quot;shutter_speed&quot;:&quot;0.0008058017727639&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"WoodSpring Suites Phoenix\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;WoodSpring Suites Phoenix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/WoodSpring-Suites-Phoenix.jpg?w=738\" class=\"wp-image-1004152586 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/WoodSpring-Suites-Phoenix.jpg\" alt=\"WoodSpring Suites Phoenix\" width=\"300\" height=\"185\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/WoodSpring-Suites-Phoenix.jpg 738w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/WoodSpring-Suites-Phoenix.jpg?resize=300,185 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004152586\" class=\"wp-caption-text\">WoodSpring Suites Phoenix<\/p><\/div>\n<p><strong>San Francisco<\/strong>\u2014<a href=\"https:\/\/www.woodspring.com\/\" rel=\"nofollow\" target=\"_blank\">WoodSpring Hotels<\/a> has partnered with <a href=\"https:\/\/www.west77partners.com\/\" rel=\"nofollow\" target=\"_blank\">West77 Partners<\/a> to develop up to 25 properties throughout the <a href=\"https:\/\/www.commercialsearch.com\/news\/hotel\/san-francisco\/\" target=\"_blank\">greater San Francisco area<\/a>.<\/p>\n<p>\u201cWoodSpring is a great fit for West77 Partners. Our focus has been in investing in real estate located in major West Coast gateway markets with a hospitality focus,\u201d Mike Nielson, West77 Partners\u2019 principal, said in a prepared release. \u201cWoodSpring Hotels is renowned for its precise operating model which attracted us. With a stronger expected return on investment than more traditional, nightly-stay hotels, coupled with our ability to build out a new region of the country for WoodSpring Hotels, we feel we have the right franchise partner.\u201d<\/p>\n<p>The development agreement is the second between the two companies, following a collaboration on multiple hotels in the greater San Francisco area and Washington state over the next several years. The first of these properties is expected to open later in 2016.<\/p>\n<p>\u201cWest77 Partners has the energy and expertise to aggressively introduce our hotel concept to a new customer base into another major west coast market,\u201d Ron Burgett, WoodSpring Hotels\u2019 EVP, said in the release. \u201cPartnering with West77 Partners in the state of Washington was a fantastic opportunity for both of us, and we are excited to strengthen the partnership with this announcement.\u201d<\/p>\n<p>WoodSpring Hotels Property Management will manage the new portfolio on behalf of West77 Partners.<\/p>\n<p>According to the latest Marcus &amp; Millichap San Francisco market report, tourism remains a vital driver of the local economy, with a well-developed infrastructure for tourists and conventioneers alike. Over 16 million people visit San Francisco, bringing an additional $8.5 billion in revenue to the region every year.<\/p>\n<p><em>Image courtesy of woodspring.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the second collaboration between the company and West77 Partners. <\/p>\n","protected":false},"author":451,"featured_media":1004152586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21751,21742,1609,15],"tags":[],"class_list":["post-1004152583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-hotel","category-latest","category-san-francisco","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>WoodSpring Hotels Makes Major Deal in SF - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/woodspring-hotels-makes-major-deal-in-sf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WoodSpring Hotels Makes Major Deal in SF\" \/>\n<meta property=\"og:description\" content=\"This is the second collaboration between the company and West77 Partners.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/woodspring-hotels-makes-major-deal-in-sf\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-16T11:25:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T21:57:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/WoodSpring-Suites-Phoenix.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"738\" \/>\n\t<meta property=\"og:image:height\" content=\"456\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodspring-hotels-makes-major-deal-in-sf\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodspring-hotels-makes-major-deal-in-sf\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"WoodSpring Hotels Makes Major Deal in SF\",\"datePublished\":\"2016-09-16T11:25:58+00:00\",\"dateModified\":\"2020-05-18T21:57:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodspring-hotels-makes-major-deal-in-sf\\\/\"},\"wordCount\":295,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodspring-hotels-makes-major-deal-in-sf\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/09\\\/WoodSpring-Suites-Phoenix.jpg\",\"articleSection\":[\"Development\",\"Featured\",\"Hotel\",\"News\",\"San Francisco\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodspring-hotels-makes-major-deal-in-sf\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodspring-hotels-makes-major-deal-in-sf\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodspring-hotels-makes-major-deal-in-sf\\\/\",\"name\":\"WoodSpring Hotels Makes Major Deal in SF - 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