Lindsay Goldberg acquired Affordable Suites of America.

Lindsay Goldberg, a private investment firm, acquired Affordable Suites of America, a premier owner, operator and franchisor of extended-stay hotels in the Southeastern United States. Terms of the transaction were not disclosed. “We are excited to partner with Affordable Suites, a leader in extended-stay lodging throughout the Southeast that is poised for growth,” said Russell Triedman, a Partner at Lindsay Goldberg. “Leveraging our substantial extended-stay hospitality and real estate sector expertise, we plan to build the Company through strategic development and acquisitions.”