Sandpiper Hospitality Continues Dynamic Growth Trajectory
Sandpiper Hospitality - a Virginia-based hotel management company that specializes in the extended-stay segment - continues to see strong growth in 2020, enjoying high occupancy levels across its 42 hotels, including the addition of two new South Carolina Candlewood Suites properties last month.
"Our hotels have been performing at occupancy rates well above 80% for months, which is really quite remarkable given the COVID-19 pandemic," said Sandpiper Hospitality President & CEO Jim Darter. "Our extended stay platform has proven itself this year as it has performed at the top of the hospitality spectrum in terms of occupancy and market share. Sandpiper Hospitality is definitely a company that continues to be on the rise - we will be announcing several new third-party management agreements in the next few weeks."
In the past four years, Sandpiper Hospitality has:
- Grown its portfolio of managed hotels from 17 to 42 opened and managed properties
- Added more than 3,000 keys across three new brands
- Grown its staff of service-oriented associates from 120 to nearly 500 associates
- Expanded its operational reach from six to 12 states and across the entire 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.
"Sandpiper Hospitality is a leader in the lodging industry, particularly in the extended-stay segment, and we are excited to establish a relationship with them following the acquisition of two Candlewood Suites hotels in South Carolina," said Kevin Schramm, Vice President of Development, Mainstream Brands for U.S. & Canada, IHG Hotels & Resorts. "We look forward to more opportunities to grow together as Sandpiper increases its management platform across the country."
In 2021, Sandpiper Hospitality plans to expand into additional market tiers and premium-branded hotels, including new properties in Georgia, North Carolina & Nevada.
Sandpiper has established itself as the recognized leader in extended stay hotel operations in the hotel industry by combining a dedication to delivering genuine hospitality with superior financial returns. The company is working to develop its portfolio through further ground-up developments, selective acquisitions of performing and non-performing properties and third-party management with selected partners. For more information on Sandpiper Hospitality, please visit 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.
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T: +1 303-522-2659
E: [email protected]
W: http://www.sandpiperhospitality.com/
