Sandpiper Lodging Trust acquired the 78-room Residence Inn Lakeland, FL in June 2022. Since then, the hotel underwent a major renovation that has positioned it as the premier upscale extended stay hotel in the market. Lakeland’s economy is supported primarily by the area’s strong industrial/warehouse industries, as well as serving as the home to numerous corporate and regional headquarters, including Publix, AgAmerica, Bank of Central Florida, Draken International, Harrell’s, and more. Additionally, in the months of March and April, the Lakeland hospitality market surges as Publix Field at Joker Marchant Stadium serves as the Spring Training home for the Detroit Tigers’ of the MLB.