Aimbridge Hospitality Expands Select Service Division, Assumes Management of Three Extended Stay Hotels Owned by Three Wall Capital
Industry leader extends relationship with hotel investment group, adding 387 keys to management portfolio
Aimbridge Hospitality, a leading global hospitality company, continues to expand its portfolio with the addition of three extended stay properties to its Select Service division. Conveniently located near airports in Mississippi, Virginia and Wisconsin, the properties were recently acquired by Three Wall Capital and bring 296 keys under Aimbridge Hospitality management.
The Select Service division at Aimbridge Hospitality will focus on elevating the guest experiences at each property, enhancing the value to Three Wall Capital through access to a talented team and best-in-class industry resources.
“Aimbridge offers unmatched support to our growing portfolio of properties, and as we continue to acquire hotels nationwide, the exceptional management from Aimbridge offers us the industry insights and resources to achieve success,” said Alan Kanders of Three Wall Capital.
“Our team is dedicated to supporting our owners, providing unmatched value and bottom line impacts to generate meaningful results for partners like Three Wall Capital,” said Simon Mendy, Divisional President, Aimbridge Select Service. “We look forward to continuing our relationship to drive returns as we harness the potential of these assets.”
The properties are:
- Home2 Suites by Hilton Olive Branch (94 rooms), located at 7595 Lodging Ln. Olive Branch, MS 38654
- Candlewood Suites Appleton (82 rooms), located at 4525 West College Ave. Appleton, WI 54914
- Candlewood Suites Norfolk Airport (120 rooms), located at 5600 Lowery Rd. Norfolk, VA 23502
Since 2019, Aimbridge Hospitality has assumed management of 73 extended stay, select service, and full service properties owned by Three Wall Capital. The hotel investment group has shared plans to acquire and develop 35 additional midscale and upscale extended stay hotels over the next 18 to 24 months.
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 79 hotels of which 72 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.