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EXCEL GROUP, A Virginia-based private equity firm, acquired the 209-room Embassy Suites by Hilton Syracuse Destiny USA in Syracuse, New York. The hotel, one of the newest in the greater Syracuse market, is located near Destiny USA shopping and entertainment complex, Excel Group said in a statement. Excel Group is led by Shoham Amin as founder and principal. "We are thrilled to acquire the Embassy Suites by Hilton Syracuse Destiny USA, the premier hotel in the market," said Amin. "This property is strategically positioned to benefit from Syracuse's ongoing resurgence. This investment allows us to capitalize on the recent supply and demand imbalance caused by hotel closures in the area. Historically, this market has been stable, driven by healthcare and education sectors, and is now poised for significant growth with Micron's upcoming construction."

Melissa Ross Smith is now chief operating officer for Peachtree Group. She will be responsible for the overall performance, strategy and organizational development of Peachtree and its operating businesses. Before joining Peachtree, Smith held several high-level positions at organizations. Most recently, Smith was managing director of OS National, where she managed more than 250 professionals and was responsible for evaluating performance management systems and devising improvements to strengthen controls and optimize results, Peachtree said in a statement. "As Peachtree continues to evolve, improving our foundational processes is imperative to the future growth of our business," said Greg Friedman, managing principal and CEO of Peachtree Group. "Melissa is an excellent complement to our team as she has an exceptional blend of leadership, vision and execution needed to be Peachtree's COO." Smith will report to Friedman, and will be a key executive team member, Peachtree's statement said. Peachtree Group is led by Jatin Desai and Mitul Patel as managing principals. "I am deeply impressed by Peachtree's success," Smith said. "Not only am I excited about the future opportunities, knowing that I can help execute and bring operational excellence across all segments, but I am also pleased to be joining an executive team representing some of the best people in commercial real estate."

RATAN TATA, CHAIRMAN emeritus of Tata Sons, one of India's largest conglomerates and owner of Taj Hotels, passed away on Wednesday at the age of 86. The veteran industrialist died at a hospital in Mumbai. Taj Hotels, a luxury chain under the Indian Hotels Co. Ltd., was founded by Jamsetji Tata in 1903 and is part of the Tata Group. Tata Sons Chairman N Chandrasekaran, describing Ratan Tata as his "friend, mentor and guide," confirmed the industrialist's passing in a statement. "It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation," Chandrasekaran said. "For the Tata Group, Ratan Tata was more than a chairperson. To me, he was a mentor, guide, and friend. He led by example, with unwavering commitment to excellence, integrity and innovation. Under his leadership, the Tata Group expanded globally while staying true to its core values."

Five Star Group affiliates, Five Star Hospitality Management and Dream Capital, recently named Justin Patel senior associate, investments and asset management and Kimberly Rowell to executive vice president. Patel was previously a senior asset management analyst at Peachtree Group while Rowell joined in February 2023. Dalton, Georgia-based Five Star Group, founded by Naren Patel in 1990, announced the changes. At Peachtree Group, Patel managed more than 20 hotels nationwide and assisting in 12 dispositions. Prior to Peachtree, he was asset manager at 33 Degrees, a commercial real estate firm. "Justin takes an insightful approach to project management, making him an invaluable member of the Dream Capital team as we continue to provide our investors with the opportunity to invest in both credit and equity investments in various asset classes in commercial real estate," said Ankit Govan, Dream Capital's managing principal and co-founder. "We remain committed to pursuing acquisition and development opportunities with well-branded hotels such as Hilton and Marriott in markets with high barriers to entry. With a wealth of asset management and investment experience, Justin is the ideal candidate to help us along the path."

PEACHTREE GROUP, THE newly formed affiliate of Peachtree Hotel Group created last week to handle its real estate investments, is launching its first initiative, the 1031 Exchange Delaware Statutory Trust program. The company also selected Tim Witt as president over the new program. A DST is a single-purpose entity qualified for Section 1031 real estate exchanges, according to Peachtree. It allows investors to exchange replacement properties without incurring taxable gain on the sale of previously owned assets. Peachtree's 1031 Exchange DST program will invest in institutional-grade hotels in the U.S. through Peachtree Hospitality Management, another division of Peachtree, is expected to operate any properties acquired as part of the exchange. "As we expand our array of high-quality, diversified investment strategies, we wanted to create 1031 Exchange DSTs to provide tax deferral strategies in the hospitality sector," said Greg Friedman, Peachtree's CEO and managing principal. "We anticipate significant growth and appreciation in the hospitality sector, driving values above pre-pandemic levels. Also, real estate offers an excellent alternative investment channel for those seeking an inflation hedge. We strongly believe hospitality is the most investable asset in the market today, and we anticipate being able to achieve outsized returns."

Kamara Batchelor is the new director of fund and corporate accounting at Noble Investment Group. Batchelor, a specialist in audit, tax, fund management, REIT compliance, and cash flow projections and analytics, previously held a position at One10, a consulting firm focused on CFO and transaction services, Noble said in a statement. "Kam is a valuable addition to our team," said George Dabney, managing principal and CFO, Noble Investment Group. "He brings with him an impressive track record that will enhance the continuous growth of Noble's institutional investment management platform." Batchelor also spent 10 years at PricewaterhouseCoopers, where he worked with real estate clients. He was also a member of the launch team for the Center of Excellence verticals, the statement added.

MIT SHAH-LED NOBLE Investment Group topped the "2023 Best Places to Work in Money Management" awards by the investment news portal Pensions & Investments. The selection process involved a thorough evaluation of workplace policies, practices, and employee feedback, with combined insights playing a key role in identifying top companies in the industry, Noble said in a statement. Shah, Noble's founder and CEO, expressed honor in being named to the list. "We take pride in the ongoing recognition of Noble's culture, emphasizing excellence, inclusivity, and professional growth," Shah said. "Our team, our greatest strength, shares a dedication to fostering an environment that values and supports one another, as reflected in this honor." "As their employees attest, companies on this year's Best Places to Work list showcase a commitment to cultivating a robust workplace culture," said P&I Executive Editor Julie Tatge. "Even amid challenges like volatile markets and ongoing pandemic stress, employees noted strong support from their managers, empowering them to perform at their best."

Sri Lanka is a beautiful tiny island located in the Indian Ocean in Southern Asia, Sri Lanka is a land faced with many environmental challenges, including deforestation and the erosion of coasts due to mining. In addition to these issues, the CIA World Factbook reports that the wildlife is threatened by poachers, pollution and the expansion of urban areas. Slender Loris The slender Loris has extremely thin arms and legs. Its face is dominated by huge round eyes which give it excellent night vision and enable it to hunt for insects during the night. Populations of this small primate are declining because their forest habitats are being destroyed for logging, agriculture and development. The Lorisidae comprises the African angwantibos and pottos and the Asian lorises. These species are thought to share a common ancestor with the bushbabies of Africa (the Galagidae) and the lemurs of Madagascar. The fossil record of the lorids extends back to the Early Miocene (20 million years ago). In the past there has been considerable confusion over slender loris classification. Most authorities now recognize two species of slender loris: Loris tardigradus (with 2 subspecies, both occurring in Sri Lanka) and Loris lydekkerianus (with 4 subspecies, occurring in both India and Sri Lanka). The name slender loris derived from its slender arms and legs. L. tardigradus is smaller than its relative the grey slender loris (L. lydekkerianus). Its small face is dominated by huge round eyes and prominent ears, which are thin, rounded and hairless at the edges. The soft dense fur is a grey or reddish-brown color on the back, depending on the subspecies. The underside is whitish-grey. The species has no tail. The highland slender loris (L. t. nycticeboides) has shorter, thicker limbs relative to body length, a larger head, and thicker fur which completely cover the ears. It superficially resembles the Asian slow loris (Nycticebus coucang). This species is among the most social

PEACHTREE HOTEL GROUP recently acquired two upscale hotels in Florida. They are the 207-key AC Hotel Miami Aventura and the 233-key Aloft Miami Aventura, in Aventura, Florida, outside Miami. With these recent acquisitions, Atlanta-based Peachtree, led by partners Bimal Patel, Hiten Suraj and Rupesh Patel, has acquired approximately $2 billion in hotel assets this year. The company expects to continue making opportunistic hotel acquisitions amid the current hospitality recovery cycle. "Our growth strategy since Peachtree's inception is to capitalize on cycle-specific opportunities," said Greg Friedman, Peachtree's CEO. "Today, we are seeing opportunities to acquire hotels at compelling levels, which hasn't been available over the last 15 months. With strengthening economic tailwinds boosting hotel fundamentals and compelling cap rates compared to other asset classes, the lodging sector is among the best real estate classes for investing. Also, with the ongoing inflationary environment, hotels are an excellent hedge against inflation due to daily adjustments in average daily rates."

VISION HOSPITALITY GROUP, led by Mitch Patel as president and CEO, recently broke ground on a dual-branded Home2 Suites and Tru by Hilton in Cleveland, Tennessee. The upcoming development, slated for completion in mid to late 2025, will comprise a combined total of 140 keys across five stories. The project will include 768 square feet of flexible meeting space and an outdoor pool, Vision Hospitality said in a statement. "We are thrilled to continue to strengthen our partnership with Hilton by expanding our portfolio with the addition of these two thriving brands and grow in a city that means so much to us," said Patel. "This development reflects our commitment to hospitality excellence and our dedication to providing our guests with exceptional service and experiences." Founded a quarter century ago, Chattanooga, Tennessee-based Vision Hospitality Group manages more than 4,500 rooms across 40+ hotels in nine states.

3H GROUP, LED by Hiren Desai as president and CEO, recently acquired the Hyatt Place Tampa Airport/Westshore in Tampa, Florida. LBA Hospitality will manage the hotel's operations. The acquisition of the Hyatt Place Tampa Airport is part of a broader strategic initiative for LBA and 3H, which have a strong pipeline of hotels in development, the companies said in a statement. "Our alliance with LBA Hospitality is built on a foundation of excellence and integrity. As we expand our hotel portfolio, collaborations like this enable us to redefine industry standards," said Desai.

PEACHTREE GROUP BAGGED multiple Marriott Select Brands Awards at this year's Marriott Select Brands Owner & Franchisee CONNECT Conference in Orlando, Florida. The awards recognize hotels for service, innovation and commitment to guest satisfaction. Peachtree is led by Greg Friedman as managing principal and CEO, Jatin Desai as managing principal and CFO and Mitul Patel as principal. "These awards are a testament to the exceptional work our hotel associates deliver every day," said Steve Mackenzie, Peachtree's senior vice president of operations, hospitality management. "These hotels have consistently excelled in guest and F&B satisfaction, setting a benchmark for unparalleled service, and we are proud to have them as part of the Peachtree family. Additionally, we extend our gratitude to our partners who entrust us with managing their properties. Their collaboration has been instrumental in achieving these accolades, showcasing our shared commitment to superior quality."

Seabury Holidays is a trustable and recognized name in the tourism industry of Siliguri. This organization specializes on tours to Andaman and Nicobar Islands and North-East India, along with Kerala, Rajasthan and Kashmir. If you are thinking of having a comfortable, exciting and secured trip experience, look nowhere but at our different kind of packages for trips like honeymoon trips, educational or business trips etc. And the best thing is that you can get tailor made packages of your own choice for sightseeing tour in Andaman and Nicobar Islands and other destinations. The Andaman hotel-booking will be easier while you are travelling with Seabury Holidays group. Exquisite hotels near Port Blair Airport are included in our tour packages for Andaman and Nicobar Islands. Are you planning for an awesome trip for adventure or sightseeing in mesmerizing places of North-East India including Dooars, Darjeeling, Sikkim, Assam, Meghalaya, Arunachal Pradesh etc. and neighboring countries like Bangladesh, Bhutan and Nepal? We are offering excellent packages on those destinations. We are always concerned for your safety, pleasure and feeling and we are also aware of the value of your time and money. That is why we deal with reliable agencies for car rental, hotel booking, flight ticket booking etc and provide the tour packages in reasonable prices so that you can enjoy the every ounce of thrilling and joyous moments of you trip.

Seabury Holidays is a trustable and recognized name in the tourism industry of Siliguri. This organization specializes on tours to Andaman and Nicobar Islands and North-East India, along with Kerala, Rajasthan and Kashmir. If you are thinking of having a comfortable, exciting and secured trip experience, look nowhere but at our different kind of packages for trips like honeymoon trips, educational or business trips etc. And the best thing is that you can get tailor made packages of your own choice for sightseeing tour in Andaman and Nicobar Islands and other destinations. The Andaman hotel-booking will be easier while you are travelling with Seabury Holidays group. Exquisite hotels near Port Blair Airport are included in our tour packages for Andaman and Nicobar Islands. Are you planning for an awesome trip for adventure or sightseeing in mesmerizing places of North-East India including Dooars, Darjeeling, Sikkim, Assam, Meghalaya, Arunachal Pradesh etc. and neighboring countries like Bangladesh, Bhutan and Nepal? We are offering excellent packages on those destinations. We are always concerned for your safety, pleasure and feeling and we are also aware of the value of your time and money. That is why we deal with reliable agencies for car rental, hotel booking, flight ticket booking etc and provide the tour packages in reasonable prices so that you can enjoy the every ounce of thrilling and joyous moments of you trip.

THE RADISSON RED Miami Airport, a 157-room property located east of Miami International Airport, was sold for $22 million at a price per key of $140,127. Kabani Hotel Group, led by CEO and Founder Ahmed Kabani and partner Suraj Dalal, brokered the deal. Kabani Hotel Group used a traditional marketing approach for the transaction, recording a 3.22 percent cap rate. The company received nine offers from domestic and international investors and closing the deal within 30 days of being under contract, the company said in a statement. "We are confident the new ownership will excel at this location," Kabani said. "Our strategic marketing efforts garnered over 150 confidentiality agreements. Despite elevated interest rates and financing challenges, the right buyer was identified, assuming existing debt and closing efficiently."

Pensions & Investments magazine included Noble Investment Group, led by CEO Mit Shah, in its "2024 Best Places to Work in Money Management" awards by for the second consecutive year, recognizing its focus on collaboration and inclusivity. The annual program, now in its 13th year, identifies top employers in the money management industry, P&I said in a statement. Shah expressed honor in being named to the list. "We are proud to be once again named among the Best Places to Work in Money Management by Pensions & Investments," he said. "Our deep and talented team remains our distinct advantage. These outstanding professionals define Noble's legacy and pave the way for our exciting future." The selection process, conducted with Workforce Research Group, assessed workplace policies, practices, systems, and demographics to determine the industry's top companies, the statement said. tags-Noble Best Places to Work 2024,P&I Best Places to Work Noble,Hospitality workplace culture,Asian Hospitality news Noble

BWH HOTEL GROUP is working with sustainability certification organization Green Key Global to enhance its sustainability initiatives and implement a standardized program across the U.S. and Canada. The program aims to enhance the company's environmental performance, reduce carbon footprint and improve guest comfort and satisfaction, according to a joint statement by the companies. As part of the partnership, BWH Hotels in the U.S. and Canada gain access to Green Key Global's sustainability certification program, the joint statement said. That includes a list of green certified vendors, an "Eco-Rating" program and guidance on hosting sustainable meetings, according to the Green Key website. "We are delighted to partner with Green Key Global to enhance sustainability standards across our properties," said Michael Morton, vice president of brand management at BWH Hotels. "As a trusted organization, Green Key Global aligns with our commitment to sustainability, and this partnership will reinforce our dedication to providing guests with an environmentally responsible hotel experience."

Josh Rubinger is the new senior vice president of national accounts at Peachtree Group's broker-dealer affiliate, Peachtree PC Investors. He will oversee broker-dealer and registered investment advisor relationships, drive business development, and support the distribution of the firm's investment offerings, Peachtree said in a statement. Atlanta-based Peachtree Group is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO; and Mitul Patel, principal. "This strategic hire underscores our focus on growth and strengthening Peachtree's position as a trusted partner within the investment community," said Brian Cho, PPCI's president. "Josh's extensive experience and strong network of relationships with broker-dealers and RIAs position him as a key asset to our team. His expertise will be instrumental in shaping our selling group and broadening our market reach."

VISION HOSPITALITY GROUP will celebrate its 25th anniversary in April. The company, led by Mitch Patel as president and CEO, is now making plans for the next quarter century. Founded in 1997, Vision Hospitality began with a Homewood Suites by Hilton, Chattanooga/Hamilton Place Patel developed in Chattanooga, Tennessee, where the company is still headquartered. Then, as the U.S. economy struggled to overcome the 9/11 attacks of 2001, Patel went on to develop 10 more hotels. "Here, VHG learned agility and how to pivot, gaining a deeper understanding of how to successfully adapt to the ebb and flow of the hospitality and financial industries," the company said in a statement. "These lessons, along with a solid foundation of core values - dedication, integrity, respect, excellence, community, teamwork, and spirit - were the guiding principles that led to continued growth through the Great Recession and the unprecedented challenges of the last few years."

Tejas Cabs in Mysore has introduced a outstation or round trip taxis with customer support and feedback facilities which are important for Tejas cab rentals success growth. It is operating under the Brand Tejas Cabs with the fleet of any make of cars. We are growing fast and prominently preferred cab service providers, only because of the high quality & punctuality service which we are delivering to our customers. Tejas Cabs service is being one of the best Outstation, round trip, airport and Corporate service provider in the Mysore city. Tejas Travels has served thousands of customers to reach their destinations on time with comfort and safety. We have experienced and well-trained chauffeurs for your safe travel. It operates around the clock service (24/7) with the state of art of technology and control rooms supported by the call center. Tejas Cabs' fleet management group is highly dedicated with technical skills to provide excellent service for travelers. Don't miss out on this deal!

Tejas Travel offers Minibus hire in Bangalore, bus hire Bangalore, tt rent Bangalore. Starting from normal to luxury vehicles with driver. Customers can hire a bus, minibus, or tempo traveler, which happens to be an excellent mode of transportation. . Those who want to travel by minibus can enjoy sightseeing and touring the major attractions with friends and family within the city. You could also rent a minibus to travel to sites around Bangalore. Long journeys on minibuses, on the other hand, are inconvenient for larger groups, which is why we provide bus hire Bangalore. They can opt to commute to those locations because it accommodates a huge number of people and gets them to their goal at a low cost.