US: Sandpiper Hospitality has continued its recent acquisition activity in the extended stay space with the addition of two new Savannah Suites hotels, one in Arvada, Colorado and one in Pleasanton, Texas.
The 116-room metro Denver property has already been repositioned as a Suburban Extended Stay hotel, part of the Choice Hotel Group. Sandpiper Hospitality will soon launch a major renovation of the Arvada property, including extensive upgrades to all guest rooms, public spaces, and the exterior of the hotel.
Located near San Antonio, the 64-room Pleasanton, Texas hotel will continue to operate as a Savannah Suites hotel in the short-term. Sandpiper Hospitality will relaunch and reposition the hotel in early 2022 with its own extended stay hotel brand.
The company has aggressive plans for both hotels and has already started making improvements.
“In the first week of operation, we placed a $150,000 piece of business into the Suburban hotel, immediately providing a significant boost to the hotel’s occupancy and revenue,” said Trisha Grisko, corporate director of sales & marketing for Sandpiper Hospitality. “In Pleasanton, we are presented with an amazing opportunity to launch our own new independent hotel brand that will focus on the unique characteristics of extended stay segment while also highlighting what makes each individual location special.”
Both properties were purchased last month by Sandpiper Lodging Trust, a nationally-focused real estate investment trust.
“Sandpiper Hospitality is enjoying this period of pronounced growth in the extended stay segment,” said president and CEO Jim Darter. “We have aggressive plans for expansion with third-party management in markets that include California, Florida, Virginia, North Carolina, Georgia, Nevada and Minnesota.”
