Aimbridge Hospitality Grows Select Service Division, Bringing Five Extended Stay Hotels Owned By Three Wall Capital Under Management
Partnership between industry-leading operator and hotel investment group adds 603 keys to management portfolio
Aimbridge Hospitality, a leading global hospitality company, announced the expansion of its robust portfolio and growth of its Select Service Division with the addition of five extended stay properties recently acquired by Three Wall Capital, LLC (“TWC”). The properties, conveniently located along major thoroughfares in Alabama, North Carolina, Pennsylvania and Ohio, bring 603 keys under Aimbridge management to benefit from the operator’s unparalleled industry resources for owners.
With the additional five properties, Aimbridge is responsible for the management of more than 70 extended stay, select service, and full-service properties owned by TWC, continuing a partnership first established in 2019. Three Wall Capital plans to acquire and develop an additional 30-plus midscale and upscale extended stay hotels over the next 18-24 months.
“As we continue to expand our portfolio, we know Aimbridge will service our owned properties better than anyone, with a commitment to delivering results through their talented team and tremendous resources,” said Alan Kanders of Three Wall Capital.
“We find immense value in our partnership with Three Wall Capital, and we are proud to continually be their partner of choice to manage their investments,” said Simon Mendy, Divisional President, Aimbridge Select Service. “Adding these five properties to our portfolio means more opportunities for us to create memorable guest experiences while tailoring our industry-leading service to these properties to drive outstanding results for TWC.”
The properties are:
- Candlewood Suites Birmingham-Inverness (126 rooms), located at 4686 Hwy. 280, Birmingham, AL 35242
- Mainstay Suites Jacksonville Camp Lejeune (96 rooms), located at 2201 N. Marine Blvd., Jacksonville, NC 28546
- Extended Stay America Premier Suites Pittsburgh-Cranberry I-76 (127 rooms), located at 136 Emeryville Dr., Cranberry Township, PA 16066
- Extended Stay America Premier Suites Cleveland-Independence (127 rooms), located at 6025 Jefferson Drive, Independence, OH 44131
- Candlewood Suites Cincinnati-Northeast Mason (127 room), located at 5070 Natorp Blvd., Mason, OH 45040
About Three Wall Capital
Three Wall Capital, LLC is a New York City based investment group focused on investing in hospitality real estate. Founded in 2008 by Alan Kanders, TWC has invested over $2.0 billion in the hospitality sector including acquisition, new construction, redevelopment, and recapitalization opportunities across all hotel asset classes from 5-star luxury to extended stay.
TWC’s current primary strategy is to acquire extended stay hotels in secondary and tertiary markets. TWC’s current portfolio encompasses 76 hotels of which 69 are extended stay properties affiliated with the Extended Stay America, Candlewood Suites, Staybridge Suites, Residence Inn by Marriott, TownePlace Suites by Marriott, Homewood Suites by Hilton, and Home2 Suites by Hilton. To learn more, visit www.threewallcapital.com.