US: Aimbridge Hospitality has expanded its portfolio with the addition of three extended stay properties to its select service division.
The three extended stay hotels are owned by Three Wall Capital and are located near airports in Mississippi, Virginia and Wisconsin.
The properties were recently acquired by Three Wall Capital and bring 296 keys under Aimbridge Hospitality management.
Alan Kanders of Three Wall Capital said: “Aimbridge offers unmatched support to our growing portfolio of properties, and as we continue to acquire hotels nationwide, the exceptional management from Aimbridge offers us the industry insights and resources to achieve success.”
Simon Mendy, divisional president, Aimbridge Select Service said: “Our team is dedicated to supporting our owners, providing unmatched value and bottom line impacts to generate meaningful results for partners like Three Wall Capital. We look forward to continuing our relationship to drive returns as we harness the potential of these assets.”
The properties are: Home2 Suites by Hilton Olive Branch (94 rooms), Mississippi, Candlewood Suites Appleton (82 rooms), Wisconsin, Candlewood Suites Norfolk Airport (120 rooms), Virginia
Since 2019, Aimbridge Hospitality has assumed management of 73 extended stay, select service, and full service properties owned by Three Wall Capital. The hotel investment group has shared plans to acquire and develop 35 additional midscale and upscale extended stay hotels over the next 18 to 24 months.
Earlier this year Aimbridge announced a new operating structure with the creation of six operational divisions including the select service division.
