Acquired in 2023, the WoodSprings Suites – Austin Central, TX acquisition highlights SLT’s strategic foresight in identifying high-demand properties in Austin’s tech-driven market. Newly constructed this 122-rooms extended-stay hotel set in a thriving metro area of Austin has guest suites with a combination of king and double queen suites with full kitchens. Sandpiper Lodging Trust developed and constructed the hotel and it is now managed by Sandpiper’s in-house management company, Sandpiper Hospitality.

Purchase Price: $10.9M Cap Rate: 8.5%