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Press Release Markets & Performance

Sandpiper Lodging Trust Announces Acquisition Of A Suburban Extended Stay Hotel In North Carolina

Sandpiper Lodging Trust has acquired a 117-room economy extended stay hotel near North Carolina's Camp Lejeune.

Sandpiper Lodging Trust (“SLT”) is pleased to announce its acquisition of a Suburban Extended Stay hotel located in Jacksonville, N.C. The property is a 117-room, economy extended stay hotel located near Camp Lejeune. Terms of the transaction were not disclosed.

Sandpiper Hospitality
Jacksonville, North Carolina, United States

Sandpiper Lodging Trust (“SLT”) is pleased to announce its acquisition of a Suburban Extended Stay hotel located in Jacksonville, N.C. The property is a 117-room, economy extended stay hotel located near Camp Lejeune. Terms of the transaction were not disclosed.

Carter Rise, CEO of SLT, stated, “We are extremely excited to add this Suburban Extended Stay hotel to the Sandpiper Lodging Trust portfolio. This represents our fourth flag under the SLT umbrella, which is a key component of our long-term strategy of building SLT into an outstanding, diversified REIT focused on the extended stay hotel market.”

Mr. Rise added “Our core extended stay portfolio continues to out-perform as we recover from the COVID-19 pandemic, and we remain very grateful to our lenders and equity partners for their confidence in us as we expand our platform of extended stay assets. We expect to see continued strong growth of our portfolio during the second half of the year, into 2022, and beyond.”

SLT now owns 16 properties located in six states from the Mid-Atlantic region to Texas.

Markets & Performance Markets & Performance USA & Canada United States North Carolina Jacksonville
Sandpiper Hospitality
Management Company

Sandpiper Hospitality is a high-performance hotel management firm recognized as experts in the extended stay hotel space. With 60 hotels open or under management for a diverse group of clients across the country, Sandpiper Hospitality is on the leading edge of the hottest segment in hospitality. Hotel Business ranked Sandpiper Hospitality as a Top 50 Management Company in its 2022 Green Book and for the second year in a row, ranked it as one...

Extended Stay America
Brand by Extended Stay

Extended Stay America, Inc. and its brand Extended Stay America® is the leading brand in the mid-priced extended stay segment in the U.S with 634 hotels. Extended Stay America's subsidiary, ESH Hospitality, Inc. ("ESH"), is the largest lodging REIT in North America by unit and room count, with 559 hotels and more than 62,000 rooms in the U.S. Extended Stay America also manages or franchises an additional 75 Extended Stay America® hotels.