Choice Hotels International Inc.
) is set to open a new hotel under its contemporary brand -
Cambria Suites - in Plano, Texas in association with O'Reilly
Hospitality Management, LLC. The new property, named Cambria
Suites Plano, will be the first Cambria branded property in the
Plano is one of the most crowded cities in the U.S. The city
is a key commercial hub and home to various renowned companies
Alliance Data Systems
Dr Pepper Snapple Group, Inc.
Cinemark Holdings Inc.
). This could be the reason behind Choice Hotels' decision to
bring its Cambria Suites brand to the city.
Ideally positioned on the Legacy office of Plano, the
129-suite hotel will be in proximity to the retail district.
Cambria Suites Plano will feature various amenities including a
restaurant, swimming pool, spa and a 2,400 square feet meeting
space. The strategic location will enable the hotel to create a
strong guest base, going ahead.
This Zacks Rank #3 (Hold) company has set a trend in hotel
design with its upscale boutique-style Cambria Suites brand.
Since its launch in 2005, the brand has built a substantial
development pipeline and is poised to benefit from the increase
in demand for hotels in the U.S., going forward. To date, 19
Cambria Suites branded properties are operating domestically.
Apart from this new hotel, O'Reilly Hospitality Management
will also be engaged in developing a new Cambria Suites branded
property in Phoenix, AZ. Under the banner of Choice Hotel, these
properties get to reap the benefits of its much greater scale,
its industry leading reservations and marketing system, as well
as the rewards from its loyalty program.
ALLIANCE DATA (ADS): Free Stock Analysis
CHOICE HTL INTL (CHH): Free Stock Analysis
CINEMARK HLDGS (CNK): Free Stock Analysis
DR PEPPER SNAPL (DPS): Free Stock Analysis
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