Aimbridge Hospitality Adds Trio of Extended Stay Hotels to Growing Three Wall Capital Portfolio
Industry leader continues long-standing partnership with hotel investment group
Aimbridge Hospitality, a leading global hospitality company, announced the addition of three extended stay properties recently acquired by Three Wall Capital, LLC (“TWC”) to its expansive portfolio. Located along well-traveled routes near Minneapolis and St. Louis, the properties bring 277 keys under Aimbridge management, which is dedicated to providing unparalleled guest experiences and services to its owners.
Aimbridge and Three Wall Capital first established a partnership in 2019, and today Aimbridge is responsible for the management of more than 65 extended stay, select service, and full-service properties owned by TWC. Three Wall Capital plans to acquire and develop another 35 midscale and upscale extended stay hotels over the next 18 to 24 months.
“It is critical for us to have the right partners for our owned properties, and Aimbridge has the right people, management approach, and resources to bring value to our hotels,” said Alan Kanders of Three Wall Capital.
“We are dedicated to providing both efficient and effective experiences for our owners and positioning our hotels, including these three recently added properties, for continued success,” said Simon Mendy, Divisional President, Aimbridge Select Service. “Our partnership with Three Wall Capital is a cornerstone of our select service division, and it’s our pleasure to work with their exceptional team throughout this process.”
The properties are:
- Staybridge Suites Eagan Airport (89 Rooms), located at 4675 Rahncliff Rd. Eagan, MN 55122
- Extended Stay America St. Louis Fenton (94 Keys), located at 1662 Fenton Business Park Ct. Fenton, MO 63026
- Candlewood Suites St. Louis St. Charles (94 Keys), located at 1800 Zumbehl Rd. Saint Charles, MO 63303
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 $1.5 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 71 hotels of which 64 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.