US: Extended stay management specialist Sandpiper Hospitality has seen high occupancy levels across its 42 hotels and is on the verge of announcing several new signings.
The company added two South Carolina Candlewood Suites properties to its portfolio last month.
“Our hotels have been performing at occupancy rates well above 80% for months, which is really quite remarkable given the COVID-19 pandemic,” said Sandpiper Hospitality president and CEO Jim Darter. “Our extended stay platform has proven itself this year as it has performed at the top of the hospitality spectrum in terms of occupancy and market share. Sandpiper Hospitality is definitely a company that continues to be on the rise – we will be announcing several new third-party management agreements in the next few weeks.”
In the past four years, Sandpiper Hospitality has grown its portfolio of managed hotels from 17 to 42 opened and managed properties, adding more than 3,000 keys across three new brands.
Sandpiper Hospitality is approved by Marriott International, IHG Hotels & Resorts, Choice Hotels and Extended Stay America to manage their select-service and extended stay brands.
“Sandpiper Hospitality is a leader in the lodging industry, particularly in the extended-stay segment, and we are excited to establish a relationship with them following the acquisition of two Candlewood Suites hotels in South Carolina,” said Kevin Schramm, vice president of development, mainstream brands for US and Canada, IHG Hotels & Resorts. “We look forward to more opportunities to grow together as Sandpiper increases its management platform across the country.”
In 2021, Sandpiper Hospitality plans to expand into additional market tiers and premium-branded hotels, including new properties in Georgia, North Carolina and Nevada.
