Austin, TX—WoodSpring entered into an agreement with Tanuj Nathan and Vinesh Kumar to develop two new WoodSpring Suites Signature hotels in the greater Austin, TX market. The new locations are in the Austin sub-markets of Buda and Georgetown, TX. Nathan and Kumar own and operate hotels through their management company, MVK Hospitality. This marks their first venture with WoodSpring Hotels.
WoodSpring Hotels currently has three open properties in the Austin market and one under construction.
“Our attraction to WoodSpring Hotels stemmed from their precise operating model through corporate owned developments and we like the fact that this particular company has leadership experience in the space and a lot of skin in the game,” said Tanuj Nathan and Vinesh Kumar, managing partners. “Our team conducted extensive research before deciding to enter into a franchise partnership with WoodSpring Hotels.”
“Nathan and Kumar are strong partners with the hospitality expertise to join our ranks of experienced developers,” said Ron Burgett, exec. VP of franchise development and operations, WoodSpring Hotels. “This team is exactly the type of franchisee we look for to help us grow. Our existing Austin locations support the region’s high guest demand, and these new Signature locations will complement our existing properties.”