Sandpiper, LLC Announces Acquisition of an Extended Stay America Premier Suites in Bradenton, FL
Richmond, VA
Sandpiper, LLC Announces Acquisition of an Extended Stay America Premier Suites in Bradenton, FL
Richmond, VA
PRWeb:
Sandpiper, LLC is pleased to announce the acquisition of the Extended Stay America ("ESA") Premier Suites in Bradenton, FL. The fast growing, vibrant North Port – Sarasota – Bradenton MSA, just south of Tampa is one of Sandpiper's highest conviction markets.
Opened recently in January, the hotel features 124 rooms, all offering a fully equipped kitchen, with free WiFi, and a free healthy breakfast served daily. Other amenities at the pet-friendly hotel include on-site guest laundry and a fitness center.
Sandpiper has extensive experience in operating the ESA Premier Suites brand, having recently built and opened a similar property in Reno – Sparks, NV. ESA is a proven, effective, and nationally recognized extended stay brand.
The Bradenton market has undergone remarkable growth over the past 10 years, seeing population growth of 23.7%, with the transformation primarily attributed to a burgeoning retirement community and strategic location along the Gulf Coast.
Sandpiper Hospitality ("SH") will manage the day-to-day operations of this hotel. SH has great institutional knowledge and experience with ESA products and has a growing portfolio of 65+ hotels under management. They will prove to be a critical component to our success in this market with this asset.
With hotels now in Bradenton, Tampa, Orlando, Gainesville, and Lakeland, Sandpiper has significant coverage of the Florida extended stay hospitality market, demonstrating its commitment to the Florida market moving forward. Sandpiper now owns 39 properties across eight brands located in 12 states.
About Sandpiper
Based in Richmond, Va., Sandpiper, LLC is a nationally-focused real-estate investment organization recognized as one of the leading companies specializing in extended stay lodging properties. The company continues to develop its portfolio through ground-up development and selective acquisition of performing and non-performing properties. Sandpiper owns a total of 39 hotels under the Candlewood Suites (IHG), Courtyard (Marriott), ECHO Suites (Wyndham), Premier Suites (Extended Stay America), Residence Inn (Marriott), RiseWell Kitchen Suites (Sandpiper), Suburban Studios (Choice), and WoodSpring Suites (Choice) brands.
Sandpiper Hospitality ("SH"), an affiliated hotel management company, manages the entire Sandpiper portfolio and manages 30+ more hotels for unaffiliated third parties. SH has earned its position as the leading operator in the extended stay hotel segment of hospitality by combining the spirit of genuine, welcoming hospitality with superior financial returns, fueling the growth and prosperity of its various stakeholders – from associates to guests to owners and investors. For more information, visit www.sandpiperhospitality.com.
