WoodSpring Suites Signature Hotels Planned for Austin
- Aug 22, 2016
By Anca Gagiuc, Associate Editor
Austin, Texas—Extended-stay hotel company WoodSpring Hotels announced it has entered into an agreement with Tanuj Nathan and Vinesh Kumar of management company MVK Hospitality to develop two new WoodSpring Suites Signature hotels in the greater Austin market, specifically in the Buda and Georgetown submarkets. The joint venture marks their first collaboration with WoodSpring Hotels.
“Our attraction to WoodSpring Hotels stemmed from their precise operating model through corporate owned developments and we like the fact that this particular company has leadership experience in the space and a lot of skin in the game,” said Tanuj Nathan and Vinesh Kumar, managing partners. “Our team conducted extensive research before deciding to enter into a franchise partnership with WoodSpring Hotels.”
“Nathan and Kumar are strong partners with the hospitality expertise to join our ranks of experienced developers,” said Ron Burgett, executive vice president of franchise development and operations for WoodSpring Hotels. “This team is exactly the type of franchisee we look for to help us grow. Our existing Austin locations support the regions high guest demand, and these new Signature locations will complement our existing properties.”
WoodSpring Hotels currently has three open properties in the Austin market and one under construction.
Image courtesy of WoodSpring Hotels