Choice Hotels International has agreed to buy the brand and franchise business of WoodSpring Suites from WoodSpring Hotels Holdings LLC for about $231 million. The acquisition will add nearly 240 extended-stay hotels in 35 states to the Choice portfolio, creating an extended-stay portfolio of more than 350 properties with existing Choice brands, MainStay Suites and Suburban Extended Stay. Choice plans to hire the WoodSpring Suites franchise business employees and strengthen the existing multi-unit developer and franchisee relationships. Patrick Pacious, Choice’s CEO, said that extended stay is a fast-growing segment, reporting some of the strongest gains in demand, and has led the hospitality industry in annual RevPAR (revenue per available room) growth. He added that the addition of the WoodSpring Suites brand “will allow us to strengthen our scale within the attractive extended-stay segment, expand our runway for growth and continue to create value for our customers, franchisees and shareholders.”