RICHMOND, Va. (PRWEB) December 04, 2020
Sandpiper Hospitality – a Virginia-based hotel management company that specializes in the extended-stay segment – is pleased to announce that it has signed another new third party management agreement, this time with Atlanta’s Turnstone Group.
Sandpiper will be managing the Turnstone Group’s new WoodSpring Suites Atlanta – Newnan, which is scheduled to open in early February 2021. Located close to the Piedmont Newnan Hospital and Cancer Treatment Centers of America, The Ashley Park shopping center and Historic Downtown Newnan Square, the hotel will offer 125 suites all featuring a full kitchen, along with a fitness center and laundry room. Newnan is a rapidly growing city in Metro Atlanta.
This is the first WoodSpring Suites development for the Turnstone Group, a highly-disciplined, value driven real estate investment and development firm based in Atlanta with a national footprint.
“We are excited to partner on our new WoodSpring Suites with Sandpiper Hospitality, a veteran management company within the extended stay hospitality sector. After interviewing several potential managers, Sandpiper Hospitality was the obvious choice, because of the quality of its professionals, its state-of-the-art systems and its proven results across a variety of markets,” said Turnstone Group Chief Executive Officer Chip Johnson. “Going forward, we expect Sandpiper Hospitality to be an integral member of the team as we expand our extended stay hospitality holdings across the country.”
Sandpiper Hospitality is approved by Marriott International, IHG Hotels & Resorts, Choice Hotels and Extended Stay America to manage their select-service and extended stay brands and currently has a portfolio of 42 managed hotels in 12 different states.
Sandpiper currently manages three Extended Stay America hotels in Georgia.
“We are beyond excited to work with Turnstone to launch this new suburban Atlanta hotel and we look forward to expanding our management presence in Georgia,” said Sandpiper Hospitality President & CEO Jim Darter. “We also look forward to a robust future with Turnstone, a relationship already two years in the making. Our ownership experience allows us to think and act as an owner and our best-in-class management capability allows us to earn better than expected ROI for our clients.”
Earlier this month, Sandpiper announced a third party management contract with Liberty Investment Properties, Inc. for the new WoodSpring Suites Charlotte – University Research Park opening in North Carolina early next year.
In 2021, Sandpiper Hospitality has big plans for further expansion in the extended stay hotel segment and into additional market tiers, including additional new development properties in Georgia & Nevada. For more information, please visit http://www.sandpiperhospitality.com.
About Sandpiper Hospitality
Based in Richmond, Va., Sandpiper Hospitality is a high-performance hotel management company that manages 42 hotels, including 15 hotels for Sandpiper Lodging Trust, a nationally focused real estate investment trust, and 14 hotels for unaffiliated third-party clients. According to the April 2020 edition of Hospitality Business, Sandpiper Hospitality was the fastest growing Top 100 hotel management company from 2018 to 2019. The firm has earned its position as the leading operator in the extended stay hotel segment of hospitality by combining the spirit of genuine, welcoming hospitality with superior financial returns, fueling the growth and prosperity of its various stakeholders – from associates to guests to owners and investors. http://www.sandpiperhospitality.com
About Turnstone Group
Turnstone Group is a highly-disciplined, value driven real estate investment and development firm based in Atlanta, GA with a national footprint. Current areas of invest focus include the following: extended stay hospitality, outdoor hospitality, self-storage, and residential land. http://www.turnstonegroup.com