PLANO, Texas, October 17, 2022 — 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