Stratus Development Partners, LLC Signs Multi-Unit Agreement with Choice to Develop Five New Cambria Properties
Choice Hotels International, Inc. (NYSE:
CHH), franchisor of the Cambria Hotels brand, entered into a multi-unit
agreement with Stratus Development Partners, LLC to develop
five Cambria properties, beginning with a 180-room new construction
hotel in Santa Clara, Calif.
"The Cambria Hotels brand is experiencing tremendous success and our
strategy centered on multi-unit development is accelerating the brand's
growth," said Mark Shalala, vice president, development, upscale brands,
Choice Hotels. "Choice Hotels is currently collaborating with Stratus
Development Partners on three Cambria hotels in Napa, Calif.; Orlando,
Fla.; and Sonoma, Calif.When they approached us about developing five
more hotels, we knew it would be a win-win."
Choice Hotels and Stratus Development Partners have secured a site
in Santa Clara, Calif., as the first location, and a second site in the
greater San Francisco market has already been identified.
"We have worked with Choice Hotels for several years now and believe
strongly in our relationship and that the Cambria Hotels brand is
best-in-class in the upscale segment. Stratus has been a part of
the Cambria brand's early growth and this new agreement will expand the
depth of our joint effort to fuel the brand's continued expansion in
major markets," said Andrew Wood of Stratus Development Partners.
Cambria Hotels has nearly 120 properties open or in the pipeline, located in 42 of the top 50 RevPAR markets. Future openings are planned in Austin, Texas; Baltimore; Boston; Calabasas, Calif.; Charleston, S.C.; Houston; Miami; Minneapolis; Napa, Calif.; San Francisco and Washington, D.C.
"Cambria Hotels is a brand on the move, thanks in part to our collaboration with leading developers as well as Choice's $475 million in capital support to help grow the brand," said Janis Cannon, senior vice president, upscale brands at Choice Hotels. "Within the past six months, we have brought Cambria Hotels to some of the country's top RevPAR markets, such as Asheville, N.C.; Dallas; Nashville, Tenn.; Philadelphia and Phoenix - and we plan to enter more popular cities this year."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
