PLANO, Texas, Dec. 14, 2022 — Aimbridge Hospitality, a leading global hospitality company, continues to expand its portfolio with the addition of three extended-stay properties to its Select Service division. Conveniently located near airports in Mississippi, Virginia and Wisconsin, the properties were recently acquired by Three Wall Capital and bring 296 keys under Aimbridge Hospitality management.
The Select Service division at Aimbridge Hospitality will focus on elevating the guest experiences at each property, enhancing the value to Three Wall Capital through access to a talented team and best-in-class industry resources.
“Aimbridge offers unmatched support to our growing portfolio of properties, and as we continue to acquire hotels nationwide, the exceptional management from Aimbridge offers us the industry insights and resources to achieve success,” said Alan Kanders of Three Wall Capital.
“Our team is dedicated to supporting our owners, providing unmatched value and bottom line impacts to generate meaningful results for partners like Three Wall Capital,” said Simon Mendy, Divisional President, Aimbridge Select Service. “We look forward to continuing our relationship to drive returns as we harness the potential of these assets.”
The properties are:
- Home2 Suites by Hilton Olive Branch (94 rooms), located at 7595 Lodging Ln. Olive Branch, MS 38654
- Candlewood Suites Appleton (82 rooms), located at 4525 West College Ave. Appleton, WI 54914
- Candlewood Suites Norfolk Airport (120 rooms), located at 5600 Lowery Rd. Norfolk, VA 23502
Since 2019, Aimbridge Hospitality has assumed management of 73 extended-stay, select-service, and full-service properties owned by Three Wall Capital. The hotel investment group has shared plans to acquire and develop 35 additional midscale and upscale extended-stay hotels over the next 18 to 24 months.
