US: Hospitality management company Aimbridge has signed five Marriott properties located in the United States that have been recently acquired by Three Wall Capital.
The properties represent 642 keys and will be managed through the select service division at Aimbridge.
It builds on a four-year partnership between Aimbridge and Three Wall Capital, bringing the total number of assets under management to nearly 80 extended stay, select service, and full service properties.
The new additions include:
• Residence Inn Phoenix Glendale Sports & Entertainment District; Glendale, AZ
• Springhill Suites Phoenix Glendale Sports & Entertainment District; Glendale, AZ
• Residence Inn Fort Lauderdale Plantation; Plantation, FL
• Residence Inn Fort Lauderdale SW Miramar; Miramar, FL
• Courtyard Fort Lauderdale SW Miramar; Miramar, FL
Simon Mendy, divisional president of select service at Aimbridge Hospitality, said: “We are dedicated to finding the best solutions for our owners and deploying deep operational expertise to generate meaningful results and long-term value. Our focus for these five properties will be to prioritise growth for our partner Three Wall Capital, who looks to our team to manage their assets and deliver exceptional experiences to guests through our unmatched scale and focused operational expertise.”
Alan Kanders, founder of Three Wall Capital, said: “Our growing portfolio relies on a management partner who prioritises exceptional services, operational knowledge and collaborative engagement, and Aimbridge Hospitality has been a trusted partner of ours throughout the years. We are continuing our relationship with Aimbridge because they deliver proven results through their robust resources, agile team, and intentional divisional structure. We look forward to the opportunities that lie ahead for this group of properties.”
Three Wall Capital is a New York-based investment group focused on hospitality real estate. The company’s primary strategy is to acquire extended stay hotels in secondary and tertiary markets.
Its current portfolio represents 83 hotels – 75 of which are extended stay properties.
