sandpiper
Sandpiper Lodging Trust Acquires Two Residence Inn Extended Stay Hotel Properties in Central Florida
Sandpiper | June 14, 2022
(Richmond, Va. – June 14, 2022) – Sandpiper Lodging Trust (“SLT”) is pleased to announce the acquisition of two Residence Inn by Marriott ™ extended stay hotels located in the Central Florida market. One of the hotels, Sandpiper Gainesville, is located 2 miles southwest of the University of Florida in Gainesville, FL. The other hotel, Sandpiper Lakeland, is located 30 miles east of Tampa, near the Lakeland Linder International Airport. Terms of the deal were not disclosed. Carter Rise, CEO of SLT, stated, “We are very excited about what these two Central Florida markets have to offer and believe that these two assets will se...
Sandpiper Hospitality Selected to Manage Two New Texas Properties
Sandpiper Hospitality | June 9, 2022
Richmond, Va. – (June 9, 2022) – Sandpiper Hospitality – a Virginia-based hotel management company with vast expertise in the extended-stay segment - has added two newly developed Wyndham Hotels & Resorts properties in Texas to its managed portfolio, a first-of its kind dual-branded La Quinta Inn / Hawthorn Suites in Pflugerville, TX and an AmericInn in San Angelo, TX. The hotels are the first Wyndham Hotels & Resorts brands under management by Sandpiper Hospitality and the burgeoning relationship is expected to grow significantly in the coming years. The hotels opened to rave reviews in May, followed by rousing Gr...
Sandpiper Lodging Trust Acquires New WoodSpring Suites Extended Stay Hotel in Tampa, Florida
Sandpiper | February 8, 2022
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 expan...
Sandpiper Lodging Trust Acquires Two Candlewood Suites Hotels in South Carolina
Sandpiper | August 24, 2020
(Richmond, Va. - August 24, 2020) – Sandpiper Lodging Trust (“SLT”) is pleased to announce its acquisition of two Candlewood Suites Hotels located in North Charleston and Bluffton, South Carolina from DC Hospitality. Both properties are mid-scale extended stay hotels located in two dynamic hospitality markets. Terms of the transaction were not disclosed. Carter Rise, CEO of SLT, stated, “We are extremely excited to add these two hotels to the Sandpiper Lodging Trust portfolio. We have targeted the Charleston and coastal South Carolina market as an area with exciting long-term demographic advantages, and we are pleased to be a...
