Aimbridge Hospitality Continues Portfolio Growth With Twenty-Five Extended Stay America Properties

The Third-Party Global Management Company Has Added 2,430 Keys to Its Economy Extended-Stay Brand Portfolio.

USA, Plano, Texas. January 06, 2021

Aimbridge Hospitality, the leading, global, third-party hotel management company, announced it has added 25 Extended Stay America properties to its growing portfolio. With the addition of these new properties, all situated in prime locations throughout Texas and the Midwestern region, Aimbridge has become the largest third-party manager of Extended Stay America hotels.

This is another milestone for the partnership between Aimbridge and owners Three Wall Capital, who have now selected Aimbridge to manage over 50 of its extended stay, full service, and economy properties. Founded by Alan Kanders, Three Wall Capital is a hospitality equity and debt investment group for institutional and individual investors who have completed over $1.0 billion in transactions in a principal investor capacity since inception in 2008. "We have enjoyed mutual success alongside Aimbridge Hospitality and are pleased to expand on our partnership with these 25 Extended Stay America Properties," said Kanders.

Aimbridge President and CEO Mike Deitemeyer added: "Our experience, focus, and ability to excel in this extended stay vertical has been paramount to our success, and that of hotel ownership. We are pleased to leverage this ability as we continue to enhance our partnership with both Three Wall Capital and Extended Stay America."

The increased demand for affordable properties with amenities such as kitchens with a full-sized refrigerator, dishwasher, and range makes Extended Stay America particularly attractive to guests. The new Extended Stay America properties added to Aimbridge Hospitality's portfolio, with a total of 2,430 keys, include:

  • Texas: 11 properties with a combined 1,067 keys
  • Indiana: 6 properties with a combined 612 keys
  • Ohio: 6 properties with a combined 553 keys
  • Kentucky: 2 properties with a combined 198 keys

For more information on Extended Stay America or to book a stay at one of these properties, visit: https://www.extendedstayamerica.com/.


About Aimbridge Hospitality

About Three Wall Capital, LLC

Media Contact:

Kellie McCrory
Principal
MCA Group
T: +1 216540402
E: kellie@mcaprgroup.com
W: http://www.mcaprgroup.com

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in October 2021...

Revenue Management: Monetizing All Offerings


Of all the departments within hotel operations, Revenue Management may have been the hardest hit, due to the pandemic. The logic goes - no revenue, no need for revenue managers - so many industry professionals were furloughed. If business rebounds in 2021, as expected, then hotel management will have to determine when prevailing occupancy levels justify bringing back their revenue management team. Also, the pandemic seems to have exposed some weaknesses in the traditional RevPAR models. There is a growing understanding that it is no longer sufficient to use a "revenue per available room" model; instead, hotels are adopting a TRevPAR model (total revenue per available room). This model recognizes that revenue streams from other departments are just as important as the revenue gained from rooms. As a result, hotels are looking at ways to monetize any and all hotel offerings - from dining outlets and spas to outdoor function spaces and local partnerships. The October issue of the Hotel Business Review will examine these developments and report on how some leading hotels are executing their revenue management strategies.