Cobblestone Continues Growth by Signing Three Hotels
NEENAH, Wis.—Cobblestone Hotels announced the signing of three new build hotels in one week. “This is an extremely exciting time for Cobblestone Hotels” says Brian Wogernese, president of Cobblestone Hotels, in an announcement. “There is not another brand that is growing as rapidly as ours. When we decide to move forward in a community our land is purchased, financing is in place, and our investors are all committed. These practices are not common in the industry so to have three properties in three different states come together in the same week is a very thrilling point in our brand’s expansion.” READER COMMENTS
The finishing touches were put in place on these three deals late in the week of October 22. The properties; Cobblestone Hotel and Suites Newton, IL, Cobblestone Inn and Suites Holyoke, CO, and Cobblestone Inn and Suites Harper, KS will give Cobblestone Hotels a head start on their expansion in 2013. All three properties will open in late Spring or early Summer of 2013, and Cobblestone has three other properties set to open in Spring 2013, and more than 35 properties in development.
“What is even more noteworthy is that as a brand we are providing each community with a wonderful venue to grow their economy”, says Mark Pomerenke, President of Development for Cobblestone Hotels. “When our properties are built, other service providers in the community gain the chance to capture more revenue from guests staying at the hotels. This affect spans from gas stations to restaurants and creates a great boost to the community.”
By the end of 2012, Cobblestone Hotels will have 21 hotels nationwide and have begun development on 35 other locations.
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