PLANO, TX–Aimbridge Hospitality, the leading, global, third-party hotel management company, announced it has added 25 Extended Stay America properties 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 over 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 over $1.0 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 increased demand for affordable properties with amenities such as kitchens with a full-sized refrigerator, dishwasher, and range makes Extended Stay America particularly attractive to guests. 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: 6 properties with a combined 612 keys
- Ohio: 6 properties with a combined 553 keys
- Kentucky: 2 properties with a combined 198 keys