Home AEC WoodSpring Suites Looks to Develop a New Property in Central Tacoma

WoodSpring Suites Looks to Develop a New Property in Central Tacoma

WoodSpring Suites, Tacoma, Puget Sound, Destiny City Church, Lakewood, Olympia, Seattle, Renton, Redmond, Everett, Blackstone, Starwood Capital Group, Brookfield Asset Management

By The Registry Staff

WoodSpring Suites, a prominent extended stay hotel chain, has recently submitted pre-construction documents outlining their plans to establish a new hotel near Cheney Stadium in Central Tacoma. In accordance with the filed documents on Monday, the company expects to submit permit applications to the city in December, according to a recent report by the Puget Sound Business Journal.

The proposed site, located at 3102 S. 23rd St., was previously occupied by Destiny City Church and a movie theater. Positioned just north of state Route 16 and easily visible from the highway, the location boasts excellent accessibility and visibility for potential guests.

This new WoodSpring Suites hotel will be a unique addition to the area, since it will be the only hotel west of Sprague Avenue and north of Highway 16, apart from the Silver Cloud Hotel, situated more than 3 miles away in Point Ruston. Currently, the city’s hotels are primarily concentrated in the downtown Tacoma area or along the Interstate 5 corridor.

The forthcoming WoodSpring Suites hotel will mark the seventh establishment of its kind in the Puget Sound region. The brand already maintains a presence in other notable locations such as Lakewood, Olympia, Seattle, Renton, Redmond, and Everett.

WoodSpring Suites is part of Choice Hotels International Inc., a Rockville, Maryland-based company, and is recognized as the largest extended-stay brand under its parent company. Choice Hotels International Inc. is also renowned for its other prominent brands, including Clarion, Quality Inn, and Econo Lodge, among others.

In a news release issued in December, WoodSpring Suites stated that it had been actively expanding its presence in the western half of the country. The company highlighted the increasing demand for extended stay accommodations, affirming that the current market demand for such rooms has reached unprecedented levels, as indicated by a company executive.

In January of 2022, Blackstone and Starwood Capital Group announced a $1.5 billion investment to jointly acquire 111 properties under the WoodSpring Suites brand from Brookfield Asset Management. The seller had acquired the same portfolio for approximately $750 million in 2018.