(Richmond, Va. – May 23, 2022) – Sandpiper Lodging Trust (“SLT”) is pleased to announce the recent hiring of Mr. Michael T. Helgeson as Vice President of Capital Markets. Mr. Helgeson is responsible for the education, promotion, marketing, and sales of Sandpiper Lodging Trust to Registered Investment Advisor firms across the country.

Sandpiper Lodging Trust (“SLT”) announced that its Board of Trustees declared a dividend for the fourth quarter of $0.20 per share to shareholders of record as of the close of business on February 15th, 2023. The payment date was set for Wednesday, March 1, 2023. This mirrors SLT’s third quarter dividend payment.

Since its formation in 2018, Sandpiper Lodging Trust (SLT), a Richmond, Virginia-based real estate investment trust, has been working toward establishing a national footprint of extended-stay hotels and building meaningful scale in the segment. As SLT’s President and CEO Carter Rise tells LODGING, “We intend to build a ‘best-in-class’ platform of extended-stay assets that will consistently provide strong cash flows and ultimately very solid capital appreciation.”

Sandpiper Lodging Trust (SLT) announced today that it has completed the acquisition of five (5) operating hotels from affiliates Sandpiper Hospitality III, LLC and Sandpiper Hospitality IV, LLC that operate under the WoodSpring Suites brand. These five properties are located in White Marsh, MD, Greenbelt, MD, Virginia Beach, VA and two (2) in Baton Rouge, LA.

Sandpiper Lodging Trust (“SLT”) announced that its Board of Trustees declared a dividend for the third quarter of $0.20 per share to shareholders of record on November 9th, 2022. This mirrors SLT’s second quarter dividend payment and represents an 8.8% increase from SLT’s dividend paid for the first quarter. The dividend was paid on Friday, November 18th, 2022.

Sandpiper Lodging Trust (“SLT”) announced today that its Board of Trustees declared a dividend for the second quarter of $0.20 per share to shareholders of record on August 10th, 2022. This represents an 8.8% increase from SLT’s most recent dividend paid for the first quarter. The dividend will be paid on Friday, August 19th, 2022.

Sandpiper Lodging Trust (“SLT”) is pleased to announce the acquisition of two Residence Inn by Marriott ™ extended stay hotels located in the Central Florida market. One of the hotels, Sandpiper Gainesville, is located 2 miles southwest of the University of Florida in Gainesville, FL. The other hotel, Sandpiper Lakeland, is located 30 miles east of Tampa, near the Lakeland Linder International Airport.

Sandpiper Lodging Trust (“SLT”) announced today that its Board of Trustees declared a first quarter dividend of $0.18375 per share to shareholders of record on March 28th, 2022. The dividend will be paid on Monday, May 9th, 2022

Sandpiper Lodging Trust (“SLT”) announced today that its Board of Trustees declared a second quarter dividend of $0.18375 per share, which represents a 7% annualized distribution based on the Company’s most recent stock price, to shareholders of record on February 23rd, 2022, which was paid on March 4th, 2022.

Sandpiper Lodging Trust (“SLT”) is pleased to announce the recent promotion of one its key personnel, Mr. Will Garson. Mr. Garson began with SLT in 2019 as an Associate in the Acquisitions group. He has been responsible for providing analytical support for the acquisition, development, and financing activities of SLT’s growing portfolio of extended stay hotel assets. In his new role as Vice President of Acquisitions, Garson will be assuming increasing responsibility in SLT’s acquisition’s efforts.

Sandpiper Lodging Trust (“SLT”) is pleased to announce the acquisition of two WoodSpring Suites extended stay hotels located in the Orlando, Florida market. One of the hotels, WSS Clarcona, is located 6 miles northwest of downtown Orlando. The other hotel, WSS Clermont, is located 18 miles west of Orlando, near Lake Apopka. The hotels were initially developed by Liberty Investment Properties and have been owned most recently by Hotel Management Services, Inc. Sandpiper Hospitality will immediately begin managing the two-hotel portfolio. Terms of the deal were not disclosed.

Sandpiper Lodging Trust (“SLT”) is pleased to announce the acquisition of a brand-new WoodSpring Suites extended stay hotel located in Tampa, Florida. The hotel was developed by Liberty Investment Properties, headquartered in Orlando, Florida, and was acquired by SLT upon completion. Sandpiper Hospitality will manage the 122-room hotel. Terms of the deal were not disclosed.

Sandpiper Lodging Trust (“SLT”) announces today that its Board of Trustees declared a second quarter dividend of $0.18375 per share, which represents a 7% annualized distribution, to shareholders of record on August 5, 2021 payable August 16, 2021. The per share dividend amount is an increase of $0.013 (or 7.2%) from our first quarter dividend. The distribution rate is based on the current $10.50 share price.

Sandpiper Lodging Trust (“SLT”) is pleased to announce the acquisition of two Savannah Suites Extended Stay hotels. One hotel is located just outside of Denver in Arvada, CO, while the other hotel is in Pleasanton, TX, located near San Antonio.

Sandpiper Lodging Trust (“SLT”) is pleased to announce its acquisition of a Suburban Extended Stay hotel located in Jacksonville, N.C. The property is a 117 room, economy extended stay hotel located near Camp Lejeune.

Sandpiper Lodging Trust (“SLT”) announces today that its Board of Trustees declared a first quarter dividend of $0.1706 per share, which represents a 7% annualized distribution, to shareholders of record on May 18, 2021 payable on May 25, 2021.

Sandpiper Lodging Trust (“SLT”) announces today that its Board of Trustees declared a fourth quarter dividend of $0.1706 per share to shareholders of record on February 15, 2021. This represents an annualized dividend of 7% on the current share price of $9.75 and will be distributed on March 1, 2021.

Sandpiper Lodging Trust (“SLT”) announces today that its Board of Trustees declared a third quarter dividend of $0.1706 per share to shareholders of record on November 11, 2020. This represents an annualized dividend of 7% on the current share price of $9.75 and was distributed on November 20, 2020.

Carter Rise, CEO of SLT, stated, “We are extremely excited to add these two hotels to the Sandpiper Lodging Trust portfolio. We have targeted the Charleston and coastal South Carolina market as an area with exciting long-term demographic advantages, and we are pleased to be able to acquire two quality assets in these markets.”

Carter Rise, CEO of SLT, stated, “We have known and admired Charles Wills and his development team for nearly 10 years. His properties consistently rank among the highest performing hotels in the WoodSpring system. This acquisition expands our geographic footprint into four rapidly growing markets. We are particularly pleased that Mr. Wills has agreed to join our Board of Trustees, and I look forward to working with him for years to come.”

RICHMOND, Va.—Sandpiper, LLC—developer and operator of extended-stay hotels—has completed the formation of Sandpiper Lodging Trust (SLT). SLT is a privately held Maryland real estate investment trust (REIT) focused on extended-stay hotel properties, with emphasis on the economy and mid-scale segments of the market.