RICHMOND, Virginia—Sandpiper Lodging Trust (SLT) announced that it completed the acquisition of five operating hotels from affiliates Sandpiper Hospitality III, LLC, and Sandpiper Hospitality IV, LLC, under the WoodSpring Suites brand. These five properties are located in White Marsh, Maryland; Greenbelt, Maryland; Virginia Beach, Virginia; and two in Baton Rouge, Louisiana. After this transaction, SLT owns 28 extended-stay hotel assets across nine states. The transaction was financed with a combination of borrowing under the company’s […]

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