June 12, 2013
Choice Hotels International
(NYSE: CHH), one of the world's largest hotel companies, and
O'Reilly Hospitality Management
, LLC, a prominent developer out of
, broke ground today in
for the new 129-suites Cambria Suites Plano. This is the first of two Cambria Suites hotels O'Reilly Hospitality Management will develop. The second property is scheduled to break ground in the master planned community of Desert Ridge in
Cambria Suites Plano will be located in the heart of the Legacy office and retail district within two miles of 11 Fortune 1000 company offices and corporate headquarters including: Alliance Data, Cinemark Theatres, Dell Services, Dr. Pepper Snapple Group, Ericsson, Frito-Lay, HP Enterprise Services, Huawei,
J. C. Penney
, Pizza Hut, Rent-A-Center, Traxxas, and Siemens PLM Software.
Among the fastest growing cities in the country,
population was estimated to be 272,068 in 2012. It is the ninth most populous city in the state of
and the 70th largest city in
the United States
. The city's top 25 businesses employ more than 45,000 people, and the Cambria Suites Plano will provide upscale accommodations for business and leisure travelers coming to this thriving area.
The Honorable Plano Mayor
, city officials and local business leaders attended the groundbreaking ceremony.
, chief executive officer of O'Reilly Hospitality and
Stephen P. Joyce
, president and chief executive officer of Choice Hotels International were also present for this significant milestone.
"Cambria Suites is an essential part of the Choice Hotels International family of brands. There is a lot of great energy around this upscale brand right now and we are thrilled to be bringing it to
by way of
, one of the state's most robust business communities," Joyce said. "We couldn't ask for a better developer in entering this thriving market than O'Reilly Hospitality. The O'Reilly team is top-notch and we feel great about being in
All Cambria Suites hotels are new-construction, featuring award-winning design. Further, the brand leads the rest of the upscale lodging segment in guest satisfaction scores as measured by guests' likelihood to recommend (LTR). As of today, many Cambria Suites properties are ranked no. 1 and no. 2 in their respective markets on TripAdvisor.