Richmond, VA – February 8, 2022 – Sandpiper Lodging Trust (“SLT”) is pleased to announce the acquisition of a brand-new WoodSpring Suites extended stay hotel located in Tampa, Florida. The hotel was developed by Liberty Investment Properties, headquartered in Orlando, Florida, and was acquired by SLT upon completion. Sandpiper Hospitality will manage the 122-room hotel. Terms of the deal were not disclosed.
Carter Rise, CEO of SLT, stated,
“We have always been very attracted to the west coast of Florida’s hospitality market and we are extremely excited about the location of this asset in Tampa. Given the continued expansion of the Tampa market, we see a significant opportunity for this hotel and look forward to continuing to expand our presence in Florida.”
Mr. Rise added, “We have a great, longstanding relationship with Liberty. They have a wonderful reputation as developers and are known for their integrity and for developing high quality products, especially within the WSS system.”
SLT now owns 19 properties located in eight states spanning from the Mid-Atlantic region to Texas and Colorado.
