Canadian firm ventures across to US side of Niagara Falls – TOPHOTELNEWS

by | 24 Oct 2022 | Hotel Projects, Projects, Refurbishments
Imagery courtesy of CNW Group/K2 Group.
Canadian investment firm K2 Group is to instigate a $3 million improvement programme on its new hotel acquisition on the US side of Niagara Falls, New York.
Holiday Inn Express & Suites Niagara Falls is the fifth Niagara region hotel property, and first US site for the investor’s growing hospitality portfolio.
K2 Group intends to improve the four-storey property by renovating both the exterior and interior of the hotel, as well as upgrading all guestrooms to IHG Hotels & Resorts’ latest formula blue property improvement plan standards.
The hotel features amenities for business and leisure travellers, including an onsite business centre, heated indoor pool, fitness centre, laundry facilities, 500 sq ft of meeting space, and complimentary high-speed wi-fi.
K2 Group president Kailash Kasal detailed: “We are confident in the strength and continued growth of the Niagara Falls region as a popular, dynamic vacation and business-travel destination. We are excited to have found a great value-add hotel opportunity on the American side of Niagara Falls. This property is already one of the best performing hotels in the area and we expect to improve its performance even further with renovations, expected to be completed in Q4 of 2023.
“This acquisition is a testament to the success of K2 Group’s core hospitality investment strategy of purchasing and then developing and repositioning well-situated hotels in high-growth markets.”
Anto Vrdoljak, regional director, franchise sales and development – Canada at IHG, said: “For more than three decades Holiday Inn Express has emphasised the power of simple, smart travel and a consistent and memorable experience that removes barriers for guests. We are very excited to welcome K2 Group to the IHG Family and look forward to working with their team on this project and more to come in the future.”
Other hotel developments in the region include Cambria Hotel Niagara Falls, a 120-room site due for completion in Q2 2023. The seven-storey building is being constructed on a vacant lot in the city.
Related Articles
Oct 24, 2022
Imagery courtesy of Melco Resorts & Entertainment. Our dream entry for the latest Project of the Week is for Cyprus’ first integrated casino resort, which is expected to be the largest and premier integrated destination resort in Europe. Developed jointly by…
Oct 24, 2022
L-r: Craig Bond, MD, La Vie; Jerry Xu, CEO and founder, La Vie; Mark Wong, senior vice president Asia Pacific, SLH; and Shellia Chang, group director of sales and distribution, La Vie. Independent hotel collection Small Luxury Hotels of the World (SLH) has signed a…
Oct 21, 2022
Four Seasons Resort Dallas at Las Colinas in Texas, USA, is to undergo a transformation to join the Ritz-Carlton brand after Marriott International signed a management agreement for the site. A joint venture between private markets firm Partners Group and funds…
Oct 21, 2022
Extended stay specialist edyn is venturing into the French market for the first time with the expansion of its Locke lifestyle brand into Paris. The chain, owned by one of Brookfield’s private real estate funds, has acquired a historic property in the city’s fifth…
Oct 21, 2022
Real estate platform Kasada is to update its new hotel acquisition, a coastal resort in Senegal. The independent hospitality private equity provider has bought The Lamantin Beach Resort & Spa in Saly, one of the most popular seaside retreats in the country….
Oct 21, 2022
Accor and its lifestyle division Ennismore have signed for three Vietnamese hotels with TNG Holdings Vietnam Group. Accor will introduce Swissôtel Hai Phong Riverfront and Grand Mercure Phu Yen Boulevard Centre to the Vietnam network, while Ennismore will welcome its…
 

Holiday Inn Express is the smart choice for travellers who need a simple, engaging hotel to rest, recharge and get a little work done.

MOST READ
Media Data
Team & Contact

+49 (0) 4261 4140 0
[email protected]
Grosse Strasse 77
27356 Rotenburg
Germany
 
Imprint
General Terms of Business
Privacy Policy
 
© 2022 copyright TOPHOTELPROJECTS GmbH – all rights reserved

source

About gracia

Check Also

The Best Underwater Adventures To Book Now – Maxim – Maxim

Home » TravelFrom bending elbows at the world’s first underwater bar in Madrid to swimming …

Leave a Reply

Your email address will not be published. Required fields are marked *