Revenue up 18.7 percent and system-wide comparable RevPAR up 5.8 percent

WoodSpring Suites, operators of the nation's fastest growing value segment extended-stay hotel brand, today released its second quarter 2015 results.

Second Quarter 2015 Highlights:

Year to Date 2015 Highlights:

"We are very pleased with our second quarter results," said Bruce Haase, CEO of the company. "We are continuing to grow our unit count from both franchise and company-owned properties. Developers are taking notice of our "It's Simple. Done Better." business model and are attracted to our strategy to gain access to new markets, go after additional customer segments, and continue to drive RevPAR growth."

The company is currently transitioning all hotels operating under the Value Place brand to WoodSpring Suites. The full transition is expected to be complete by the end of first quarter 2016.

"We are making big changes with our transition to WoodSpring Suites, and our high margins demonstrate our commitment to the operating principles that have fueled our success," said Kyle Rogg, President and Chief Operating Officer. "We are continuing to grow our same store results and our brand contribution has increased with the help of additional investment in our online distribution and contact center resources."

The Company continues to achieve national recognition for the success of its franchise operations. In January, Franchise Business Review named the company a Top 50 Franchise for the fourth consecutive year, and the hotel category winner for 2015. The company was named by Forbes magazine in 2014 as the top hotel franchise in the US and recognized as one of 2014's Top 500 Franchises by Entrepreneur magazine.

About WoodSpring Suites:

WoodSpring Suites, formerly Value Place, is the nation's fastest growing value extended stay hotel brand with 197 hotels located in 32 states. The company owns 84 of the properties and provides management services for both company-owned and franchised locations. WoodSpring Suites, as well as its enhanced brand extension, WoodSpring Suites Signature, are hotels for good people with practical needs, down-to-earth attitudes and a comfortable style, and who appreciate the value of life's necessities – done really well. For more information, call 316-631-1370 or visit www.WoodSpringFranchise.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150820005012/en/

WoodSpring Suites Crystal Franz, 316-630-5520 VP of Marketing and Brand Programs mediarelations@woodspring.com