Sandpiper Hospitality, a Virginia-based hotel management company with expertise in the extended-stay segment, continued to enjoy a strong growth trajectory in 2021, with hotel revenues up 36%, while also adding two strategic industry partnerships.
In 2021, among Sandpiper Hospitality’s achievements:
- Hotel revenue increase of 36% from 2020-2021, approaching $100 million
- Hotel GOP increase of 47% from 2020-2021
- Addition of two key new brand partnerships: Suburban Extended Stay Hotel by Choice Hotels and multiple brands with Wyndham Hotels & Resorts
- Addition of five new properties with a total of 544 new keys
- Expanded presence into several new markets, including Denver
New Sandpiper Hospitality properties added last year include the 125-room WoodSpring Suites Atlanta—Newnan (shown above) and the 122-room WoodSpring Suites Charlotte—University Research Park. Both hotels achieved success in 2021, including the Newnan property earning revenues in the top 15 of all WoodSpring Suites, the company reports.
Sandpiper also introduced the “Do More Good” community service platform, designed to provide a pathway for each hotel location to give back to the communities in which it operates.
In the first six months of this year, the company will add at least eight new properties to its portfolio in Florida, Texas and North Carolina, including an AmericInn by Wyndham in San Angelo, TX, and the first ground-up dual-branded La Quinta/Hawthorn Suites by Wyndham in Austin/Pflugerville, TX. The additional properties come from both affiliated growth from Sandpiper Lodging Trust and third-party owners and developers.
“Our extended-stay hotels have continued to perform at very high occupancy rates and offer a fantastic return on investment,” said Jim Darter, president/CEO, Sandpiper Hospitality. “We were thrilled to recently be ranked as a Top 50 management company in the 2022 Hotel Business Green Book thanks to our strong revenue growth. This marks the second consecutive year that we were rated as one of the fastest-growing companies in all of hospitality management.”
The company has a portfolio of 56 hotels open or under contract with 23 of them under management for third-party clients.