This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

The Choice Hotels Cambria Suites Brand Announces Expansion In Asheville, North Carolina

ROCKVILLE, Md., Nov. 18, 2013 /PRNewswire/ --  Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, announced it has signed an agreement with franchise partner FIRC Group, Inc., to develop a new Cambria Suites in Asheville, N.C. The 141-room Cambria Suites property will be located at the intersection of Battery Park and Page Avenue and is expected to open in 2015.

(Logo: http://photos.prnewswire.com/prnh/20131015/NE98133LOGO-b)

"We continue to experience strong momentum in bringing the Cambria Suites experience to new travelers in new markets, and we're excited to open our second hotel in North Carolina," said Michael Murphy, senior vice president, Upscale Brands, Choice Hotels International. "The FIRC Group is a phenomenal partner with decades of experience, so we're confident they'll deliver the Cambria experience at its best – stylish, modern comfort at a great value.

Led by Antonio Fraga, Sr., FIRC Group, Inc. has more than 30 years of extensive development experience and a strong presence in the Asheville market. The company owns the Haywood Park Hotel, along with several major retail operations and successful restaurants. 

"We are excited about our affiliation with Choice Hotels' Cambria Suites brand," said Antonio Fraga, Sr., president and founder of FIRC Group, Inc. "I have been conducting business in Asheville for 25 years, and I believe the Cambria Suites property will make a great addition to this market, which attracts so many leisure and business travelers."

The Asheville area has become a popular destination because it offers something for everyone: national and regional breweries, distilleries and wineries; award-winning independent restaurants and craft cocktail bars; zip lining and hiking throughout the beautiful Blue Ridge Mountains; and historic sites like the Biltmore Estate, the largest privately owned house in the United States. Beyond the obvious attractions for leisure travelers, Asheville is a popular choice for corporations, who see the eclectic city as a perfect meeting or conference destination to drive high attendance and satisfaction.

Designed as a lifestyle hotel brand, all Cambria Suites properties are new-construction and feature a larger lobby to give guests a more social atmosphere; all-suite rooms that are larger than standard hotel rooms and include separate living, working and sleeping space; and the latest technology that allows guests to stay connected while they travel.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,716.40 -59.72 -0.34%
S&P 500 2,058.38 -9.51 -0.46%
NASDAQ 4,866.4750 -34.41 -0.70%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs