Resilient Asset Class: Sandpiper Lodging Trust Grows Extended Stay Footprint
Since its formation in 2018, Sandpiper Lodging Trust (SLT), a Richmond, Va.-based real estate investment trust, has been working toward establishing a national footprint of extended-stay hotels and building meaningful scale in the segment. As SLT’s President and CEO Carter Rise tells LODGING, “We intend to build a ‘best-in-class’ platform of extended-stay assets that will consistently provide strong cash flows and ultimately very solid capital appreciation.” Starting with its initial acquisition of nine WoodSpring Suites […]
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