Sandpiper Hospitality Adds Two New Management Contracts
Virginia-based extended stay hospitality leader enters Colorado market & expands its presence in Texas with the addition of two Savannah Suites Extended Stay hotels.
RICHMOND, Va., Aug. 16, 2021 /PRNewswire-PRWeb/ -- Sandpiper Hospitality – a Virginia-based hotel management company with vast expertise in the extended-stay segment – has entered the Colorado market and is expanding its presence in Texas with the addition of two new Savannah Suites Extended Stay Hotels, one in Arvada, Colorado and one in Pleasanton, Texas.
The 116-room metro Denver property has already been repositioned as a Suburban Extended Stay hotel, part of the Choice Hotel Group. Sandpiper Hospitality will soon launch a major renovation of the Arvada property, including extensive upgrades to all guest rooms, public spaces, and the exterior of the hotel.
Located near San Antonio, the 64-room Pleasanton, Texas hotel will continue to operate as a Savannah Suites hotel in the short-term. Sandpiper Hospitality will relaunch and reposition the hotel in early 2022 with its own extended stay hotel brand.
The company has aggressive plans for both hotels and has already started making improvements.
"In the first week of operation, we placed a $150,000 piece of business into the Suburban hotel, immediately providing a significant boost to the hotel's occupancy and revenue," said Trisha Grisko, Corporate Director of Sales & Marketing for Sandpiper Hospitality. "In Pleasanton, we are presented with an amazing opportunity to launch our own new independent hotel brand that will focus on the unique characteristics of extended stay segment while also highlighting what makes each individual location special."
Both properties were purchased last month by Sandpiper Lodging Trust, a nationally-focused real estate investment trust recognized as one of the leading companies specializing in extended stay lodging properties.
"Sandpiper Hospitality is enjoying this period of pronounced growth in the extended stay segment," said President & CEO Jim Darter. "We have aggressive plans for expansion with third-party management in markets that include California, Florida, Virginia, North Carolina, Georgia, Nevada and Minnesota."
Approved by Marriott International, IHG Hotels & Resorts, Choice Hotels and Extended Stay America to manage their select-service and extended stay brands, Sandpiper Hospitality now has a portfolio of 47 open and managed hotels in 13 different states. Last month, Sandpiper Hospitality added the Suburban Extended Stay Hotels brand to its roster with the management contract for North Carolina's Suburban Extended Stay Hotel Camp Lejeune.
Sandpiper Hospitality continues to demonstrate its unique ability to combine a flexible approach to 3rd-party management with extra-ordinary financial results for its investors and clients.
For more information, please visit http://www.sandpiperhospitality.com.
About Sandpiper Hospitality
Based in Richmond, Va., Sandpiper Hospitality is a high-performance hotel management firm recognized as experts in the extended stay hotel space. With 47 hotels under management for a diverse group of clients across the country, Sandpiper Hospitality is on the leading edge of the hottest segment in hospitality. According to the April 2020 edition of Hospitality Business, Sandpiper Hospitality was the fastest growing Top 100 hotel management company from 2018 to 2019 and that expansion has continued into 2021. The firm has earned its position as the leading operator in the extended stay hotel segment of hospitality by virtue of superior returns on investment for its investors and clients. Sandpiper Hospitality - where expertise grounds us and flexibility elevates us.http://www.sandpiperhospitality.com.
Media Contact
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SOURCE Sandpiper Hospitality
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