SOURCE: Liberty Investment Properties

Liberty Investment Properties

March 21, 2016 11:34 ET

Liberty Investment Properties Announces Grand Opening of WoodSpring Suites Signature Location in Clearwater

New Property Marks First Time Kansas-Based Hotel Brand Enters Tampa Market

ORLANDO, FL--(Marketwired - March 21, 2016) - Liberty Investment Properties and WoodSpring Hotels announce the grand opening of WoodSpring Suites Signature Clearwater, a 122-room extended stay hotel located at 15672 Highway 19 N, Clearwater, FL. The new hotel is the first Tampa development from Orlando-based Liberty Investment Properties.

WoodSpring Suites Signature Clearwater includes four stories and offers three room types, each of which comes with in-room kitchens, guest laundry facilities and vending. The hotel also includes high-speed, wireless Internet, an expanded lobby/gathering space and a fitness center.

"We couldn't be more excited for visitors to the Tampa/St. Pete area to experience this unique product from our partners, WoodSpring Hotels," said Matthew Downs, vice president of Liberty Investment Properties. "The combination of comfort, convenience and cost-effective prices makes WoodSpring Suites Signature Clearwater an ideal choice for extended stay out-of-towners."

Construction on the $8.3 million hotel began in July 2015. Liberty Investment Properties selected local commercial real estate firm Foundry Commercial, formerly CNL Commercial Real Estate, to assist with site development and acquisition. The two companies plan to continue their relationship to develop an additional five WoodSpring Suites in Tampa, and another five in Charlotte, NC.

"Helping Liberty Investment Properties bring WoodSpring Hotels to the Tampa market for the first time has been an honor for us," said Paul Ellis, CEO of Foundry Commercial. "Our company is always searching for ways to improve the communities we serve, and this new hotel is sure to be a valuable asset for visitors to the Tampa area."

To learn more about this hotel, visit www.woodspring.com/extended-stay-hotels/locations/florida/tampa-st-petersburg-clearwater/woodspring-suites-signature-clearwater/.

To learn more about WoodSpring Hotels and WoodSpring Suites Signature, visit www.woodspring.com/ourbrand/.

About WoodSpring Suites:

WoodSpring Hotels is the company behind the nation's fastest growing value extended stay hotel brand with over 200 hotels system-wide located in 30 states. The company owns 89 hotels and provides management services for both company-owned and franchised locations under the WoodSpring Suites and Value Place brands. WoodSpring Suites and WoodSpring Suites Signature locations are hotels for good people with practical needs, down-to-earth attitudes and a comfortable style, and who appreciate the value of life's necessities -- done really well. For more information, visit www.WoodSpring.com. For development information please visit www.WoodSpringFranchise.com.

About Liberty Investment Properties:

Liberty Investment Properties, founded in the early 1990's by Mike Mikkelson, is a privately held real estate investment and development firm focused on income producing assets and related equity and debt investments on behalf of both individual and institutional investors. Liberty has a long history of investing in both self-storage and hospitality including more than 70 projects across 9 states. Liberty is focused on continuing to expand its investment portfolio through acquisition and development, focused on long-term relationships and built around a common strategy for executing on compelling ideas. For more information, visit www.LibertyProp.com.

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