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SATORI COLLECTIVE, A real estate investment management firm specializing in hotel properties, sold the 124-suite Holiday Inn Express & Suites at Alpharetta-Windward Parkway to Bukhari Group Hospitality. The sale resulted in an approximate 24 percent internal rate of return and a double equity multiple for the company, Satori said in a statement. Satori Collective is led by Andy Chopra as co-founder and managing partner. Bukhari Group Hospitality is led by Syed Bukhari, while his son Mehboob Bukhari is in charge of the hotel operations. "We acquired this all-suite property in 2013 and promptly executed a thorough, multi-million dollar value-add renovation, repositioning it as a Holiday Inn Express & Suites by IHG," said Samir Yajnik, CIO of Satori Collective. "Over the past decade, we stayed true to our vision and were rewarded by unlocking the hotel's financial potential. Our initial underwriting and research proved accurate, as evidenced by the realized upside from enhanced brand quality and the hotel's unparalleled location in the thriving Alpharetta market."

PEACHTREE GROUP IS the 2023 Developer of the Year in the Focused Service category by Hilton Americas Development Awards. The yearly awards recognize the achievements of owners, development partners, and hotel teams across different categories in the Americas, Peachtree said in a statement. "We are immensely honored to have been named developer of the year by Hilton, a distinction that underscores our desire to build outstanding hotels," said Mitul Patel, Peachtree Group's principal. "This recognition highlights our unwavering commitment to creating exceptional hotels and further strengthens our partnership with Hilton. This award is a testament to our strategic approach to hotel development, which combines identifying great locations, assembling a top-tier team and maintaining a steadfast focus on quality." Peachtree Group won the Multi-Brand Developer of the Year award from Hilton in 2022, the statement added.

Mit Shah today is CEO of Atlanta-based Noble Investment Group, a multi-million dollar company founded in his lifetime of experience growing up in the hotel business. It's a story he shares with many Indian American hoteliers, but he said it's a story that bears repeating, a story of the American dream. Shah retells his story here for Asian Hospitality's Leadership Series, the first episode for 2024. Along with his family history, he also discussed Nobel's investment practices, the economy in general and lessons learned from hosting interviews with industry leaders for the Bharat Shah Leadership Speaker Series, named after his father, at the Hunter Hotel Conference in Atlanta. "My parents were immigrants to the United States. In the 1960s they came here for a better life and education. As they were doing that, they had friends that found themselves in this industry and buying small properties throughout the country," Shah said, adding that his parents bought their first hotel, the Winkler Motor Inn in Winston Salem, North Carolina in 1979. "I was 10 years old at the time, my younger brother was six years old at the time and that was the family business, a very common story that we hear throughout our industry. It's an important story to continue to tell because it's deeply rooted in the American dream."

EXTENDED-STAY ROOM SUPPLY increased by 1.8 percent in February due to it being a leap year, consistent with the average monthly increase observed over the last two years, according to The Highland Group. February marked 29 consecutive months of 4 percent or less supply growth. Additionally, the change in supply has remained below 2 percent for more than two years, with both metrics significantly falling below the long-term average. The 18.8 percent surge in economy extended-stay supply, along with a modest increase in mid-price segment rooms, is largely attributed to conversions, The Highland Group said. Meanwhile, new construction in the economy segment is estimated at around 3 percent of open rooms compared to a year ago. 2024 first half supply trends Supply change comparisons have been affected by rebranding, segment realignment in The Highland Group's database, and the de-flagging of hotels failing to meet brand standards, along with sales to multi-family apartment companies and municipalities, the report said. This trend is expected to persist into the first half of 2024, particularly with older extended-stay hotels still available on the market.

Best Western North Side Inn in Wichita Falls and Best Western SeaWorld San Antonio are now open in Texas. The North Side Inn, owned by Nitin Chanana, offers 94 guestrooms, while the San Antonio property, owned by Aman Patel, features 70 guestrooms and 12 suites, Best Western said in a statement. "After a complete renovation, we are excited to welcome guests to our hotel, with recent updates that keep both leisure and business travelers in mind," said Harry Patel, Best Western North Side Inn's general manager. "With our convenient location that provides quick access to the best of Wichita Falls, the Best Western North Side Inn offers something for everyone." The North Side Inn features a fitness center, a meeting room for up to 25 people, business center services, and an outdoor lounge, Best Western said. The hotel is located near Sheppard Air Force Base, downtown Wichita Falls, the Wichita Falls Multi-Purpose Event Center, and Midwestern State University.

THE FIRST PROPERTY representing Wyndham Hotels & Resorts' ECHO Suites Extended Stay by Wyndham brand opened recently in Spartanburg, South Carolina. Among the attendees at the grand opening, along with executives from Wyndham and more, were the first two Indo American developers who are building upcoming ECHO hotels. Wyndham also brought on Mandeep Singh as vice president for extended stay operations, overseeing ECHO Suites and the new Waterwalk Extended Stay by Wyndham brands. Singh has a more than 20-year background in extended-stay hotels, corporate housing, serviced apartments and multi-family properties. The 124-room ECHO Spartanburg is owned by Cox Universal Group, led by Philip Cox as co-CEO and co-founder and is managed by Sandpiper Hospitality. The prototype for the all new-construction brand is designed to fit on less than two acres at 50,000 square-feet, 79 percent of which is designed for generating revenue.

4 Star hotels in Chennai is the first option selected by most of the travelers looking to get their comfortable stay along with luxurious facilities on very reasonable price. These four star hotels in Chennai is the center of attraction for city's tourists & business individuals providing them the best touch of Indian hospitality which includes appetizing multi cuisine dining as well. Gets a real joy by finding your best hotels deal from our amazing Chennai Four Star Hotels List available on lowest rates booking as well.

Baltika, also referred to as NB 508, is the world's first oblique icebreaking multi-purpose emergency and rescue vessel being built at Arctech Helsinki Shipyard in Finland, for the Russian Federal Agency of Sea and River Transport. Arctech Helsinki Shipyard and Yantar JSC received a €76m contract to jointly build the NB 508 vessel in December 2011.

Food & Beverage Facilities Carramel: Multi-Cuisine restaurant situated at 5th Floor, where you can savor one of the best culinary experience with our Master Chef. Timing: 07:00 am to 11:00 pm Cubbes: Relaxing Lounge bar situated at 1st Floor. Timing: 11:00 am to 11:00 pm Meetings & Events Two Banquet halls fully equipped with all modern conferencing facilities.

Food & Beverage Facilities Carramel: Multi-Cuisine restaurant situated at 5th Floor, where you can savor one of the best culinary experience with our Master Chef. Timing: 07:00 am to 11:00 pm Cubbes: Relaxing Lounge bar situated at 1st Floor. Timing: 11:00 am to 11:00 pm Meetings & Events Two Banquet halls fully equipped with all modern conferencing facilities.

Cocoon -Deluxe hotel in Dhanbad that serves you mouthwatering dishes - Continental, Chinese, Indian ,Thai all at affordable rates

MT 6024 is a multi-purpose subsea diving support and construction vessel (DSCV) being built for Thailand-based Mermaid Offshore Services, a subsidiary of the Mermaid Maritime Public Company. The vessel is being built by China Merchants Industry Holdings (CMHI) in China, with construction of the DSCV commencing in January; delivery of the vessel is scheduled for the third quarter of 2016.

The global aviation industry has undergone significant changes in the past few decades, resulting into a better and organised sector. It is emerging as one of the most vital parts of the overall global economic growth, as multi-national companies are expanding their business in different parts of the world.

The ATR 72 ASW (Anti-Submarine Warfare) is a multi-role, special mission aircraft based on ATR 72-600 modern regional turboprop aircraft from Alenia Aermacchi. The aircraft is designed to perform anti-submarine and anti-surface warfare (ASuW) missions. It can also be deployed in maritime patrol, search and identification of submarines and search and rescue (SAR) operations.

On-board the Maharajas' Express, guest can dine at two fine dining multi-cuisine restaurants, 'Mayur Mahal' and 'Rang Mahal' which offer an international palette in bright but soothing ambience. From the morning breakfast to the night dinner, at any time, the restaurants of Maharajas Express welcome their guests. onboard various styles of cuisines will be available that maybe vegetarian or non-vegetarian specials.

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The Ambassador Pallava, Chennai is a nice blend of old world charm and contemporary architecture. From tastefully done interiors to in-house restaurant to business centre, this 4 star property is an ideal choice for business travellers as well as leisure travellers. Located in the heart of the city and is easily accessible from many places of interest. The hotel offers an array of classic and elegantly furnished rooms that are complemented with contemporary amenities for a comfortable stay. The Ambassador Pallava has a fitness centre, spa and swimming pool which cater to the rejuvenation needs of its patrons. There is also a multi-cuisine restaurant, a 24-hour coffee shop and a bar to relax and unwind after a hectic day.