“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
WHO WE ARE
“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
EXPLORE SANDPIPER
INVESTMENT THESIS
The Extended Stay Advantage
Extended stay hotels are purpose-built and offer higher average margins, a positive balance in projected demand versus new supply, a limited number of large, entrenched competitors and a superior underlying value to the guest.
Proven Historical Resiliency
The economy and mid-scale extended stay segments of the hotel market have proven to be resilient in each of the last three major economic downturns.
Focus on Portfolio Growth
Accretive acquisitions, select development opportunities and a platform of best-in-class assets should create significant cash flow as well as capital appreciation along the way.
Operational Improvement through Sandpiper Hospitality
Once acquired, our management team, Sandpiper Hospitality, brings decades of expertise to help improve a hotel’s bottom line and the overall experience for the guests.