“We started Sandpiper because we identified an underserved need that extended stay hotels meet. Customers seeking a place to stay for one week to six months have very few affordable, efficient options. Our hotels meet that need and demand for this purpose-built product continues to exceed supply.
As investors and operators, Sandpiper’s extended stay hotel properties have demonstrated a balanced, risk-versus-reward profile since our inception. This hotel segment has been tested during both the 2008-2010 economic downturn and the COVID-19 pandemic. We have remained cash flow positive and have substantially outperformed the overall hotel industry during these stressful times. We continue to see attractive return opportunities in this space and believe many years of strong growth lie ahead.”
– Carter Rise, Founder