Travelers heading to Lake Worth now have a new option for overnight stays.

A 124-room WoodSpring Suites extended-stay hotel is open at 2171 10th Ave. North, six miles south of Palm Beach International Airport and nine miles south of West Palm Beach.

The Lake Worth hotel is part of a multiyear, $131 million, 15-property expansion in South Florida by WoodSpring Suites, formerly known as Value Place.

The first corporate-owned Value Place in South Florida opened in April at 5700 Reese Road in Davie.

The Davie site and other Value Place hotels are expected to convert to the WoodSpring name, adopted in April, by the end of March 2016, company officials have said.

The Lake Worth hotel is WoodSpring’s first in Palm Beach County.

Nightly rates start around $46 double occupancy in a queen suite, with weekly rates as low as $285 for stays between Thursday and Dec. 31, according to its website.

WoodSpring caters to budget-minded guests seeking clean, safe and simple accommodations, typically for stays of a week or more.

Its hotels charge nightly, weekly or monthly rates, and rooms include a stove, microwave and full-size refrigerator. The hotels offer free basic Wi-Fi and laundry rooms but don’t have fitness centers or restaurants.

Two WoodSpring franchise hotels are in the pipeline for Miami-Dade County.

In October, franchise partner Gold Coast Premier Properties broke ground on a 124-room WoodSpring Suites on Coral Reef Drive near Zoo Miami. It is projected to open in third quarter 2016.

Gold Coast also plans to build an enhanced version of the brand called WoodSpring Suites Signature in the Doral area. The Signature properties will appeal to people who are less worried about price.

“Doral is an extraordinary market in which the demand for extended stay exceeds the supply,” Raul Garcia, Gold Coast’s president, said in a statement announcing the project. “WoodSpring Suites will be an ideal fit for the market.”

WoodSpring is considered the nation’s largest extended-stay hotel chain. The company has 198 hotels across 30 states, 87 of them company-owned. Dozens more are under development in places like Los Angeles, Chicago, Philadelphia, Boston, Seattle and Minneapolis.

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