The Sandpiper Companies, created in 2008 by P. Carter Rise, was established to generate income and long-term capital appreciation through the acquisition, ownership and operation of transient and extended-stay hotel properties.
We own and operate eighteen WoodSpring Suites extended-stay hotels in six states and serve as the primary developer of the Virginia and Maryland markets for this burgeoning brand. Currently, we have four additional WoodSpring Suites hotels in development, which makes Sandpiper the largest developer within their franchise system.
Our development and acquisition strategy is focused on assets where we expect to create long-term value. We have and will invest in hotel properties in attractive geographic markets across all service levels, all price points and the full hotel flag spectrum.
Sandpiper is actively searching for acquisition opportunities. Our acquisitions group has vetted hundreds of hotels for acquisition, both nightly and extended-stay brands, over the course of the last twelve months. Our experience and record of achievement in site selection, development and management of hotels provides us with a tremendous edge in evaluating new opportunities. We remain highly disciplined in our search for the right opportunities to create value for our shareholders both in the short-term and long-term.
Over the last nine years, Sandpiper’s Family of Funds has attracted over $72 million dollars in private equity. Whether developing hotels from the ground up, or acquiring existing hotel assets, we have one guiding principle: We will always treat our Clients’ investment dollars as if they were our own. We take our fiduciary responsibility very seriously and realize that without our equity partners, none of our growth would be possible.