DALLAS—Aimbridge Hospitality has added 25 Extended Stay America hotels to its growing portfolio. With the addition of these new properties, all situated in prime locations throughout Texas and the Midwestern region, Aimbridge has become the largest third-party manager of Extended Stay America hotels.
This is another milestone for the partnership between Aimbridge and owners Three Wall Capital, who have now selected Aimbridge to manage more than 50 of its extended-stay, full-service and economy properties. Founded by Alan Kanders, Three Wall Capital is a hospitality equity and debt investment group for institutional and individual investors who have completed more than $1 billion in transactions in a principal investor capacity since inception in 2008. “We have enjoyed mutual success alongside Aimbridge Hospitality and are pleased to expand on our partnership with these 25 Extended Stay America Properties,” said Kanders.
Aimbridge President and CEO Mike Deitemeyer added, “Our experience, focus and ability to excel in this extended-stay vertical has been paramount to our success, and that of hotel ownership. We are pleased to leverage this ability as we continue to enhance our partnership with both Three Wall Capital and Extended Stay America.”
The new Extended Stay America properties added to Aimbridge Hospitality’s portfolio, with a total of 2,430 keys, include:
- Texas: 11 properties with a combined 1,067 keys
- Indiana: six properties with a combined 612 keys
- Ohio: six properties with a combined 553 keys
- Kentucky: two properties with a combined 198 keys