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WAYSIDE INVESTMENT GROUP of Houston, Texas, will manage the Holiday Inn Express & Suites in Katy, Texas, in collaboration with Southwest Hospitality Management. The hotel will undergo a complete Formula Blue multimillion-dollar renovation. Wayside, led by Miraj Patel as president, has added three hotels this year to its purchasing, development and management services. The 98-room Holiday Inn is near the Golf Club at Cinco Ranch, TopGolf Houston, Katy Mills Mall and CityCentre. "The addition of the Holiday Inn Express & Suites Katy demonstrates our focused growth in our local Houston-area market and provides us the opportunity to launch our collaboration with Southwest Hospitality Management, which will provide our companies the resources to grow our footprint," Patel said.

U.S. HOTEL PERFORMANCE dipped in the first week of July when compared to the week before mainly due to decline in demand on account of the Independence Day holiday, according to STR. STR predicted that occupancy and demand are likely to fall again for a week before strengthening in the remaining weeks of July. Occupancy in the week before the holiday fell by more than four percentage points with most of the losses beginning on Wednesday and continuing into the weekend. Since 2000, the fourth of July holiday has fallen on a Monday seven times, including in 2021 and in 2016. Occupancy was 67.3 percent for the week ending July 2, down from 72.3 percent the week before and dropped 2.9 percent from 2019. ADR was $153.32 for the week, declined from $157.05 the week before and increased 19.7 percent from three years ago. RevPAR reached $103.24 during the week down from $113.55 the week before and up 23.1 percent from 2019.

APPROXIMATELY 71 PERCENT of travelers seek a separate vacation to unwind after family time, according to a recent survey by IHG Hotels & Resorts. The survey found that many respondents prefer to avoid staying with family during their trips as well. Among respondents avoiding stays with friends and relatives, 55 percent expressed a preference for hotels. These travelers gravitate towards simple relaxation activities, with 60 percent opting for a nap, 46 percent preferring a jacuzzi and 42 percent considering a spa day. "The holidays often go hand-in-hand with traveling to see loved ones, but as much as we enjoy visiting friends and family, it can leave us feeling drained," said Connor Smith, IHG's vice president of masterbrand strategy. "When that happens, people want to relax and be taken care of, enjoy a free breakfast from holiday Inn Express, or have a glass of wine at Kimpton's social hour without worrying about cleaning their room in the morning."

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.

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ATLANTA-BASED BANYAN Investment Group has completed the sale of the 112-room Holiday Inn Express & Suites Bluffton at Hilton Head Area in South Carolina, to Trishul Hospitality, the company said. The transaction, for an undisclosed amount, generated a 24 percent internal rate of return and a 3.3x equity multiple for Banyan. "We purchased the Bluffton Holiday Inn Express & Suites back in 2014 with the idea that this South Carolina coastal submarket was poised for long term growth. We were confident Bluffton would evolve into a tourist destination, aided by its proximity to several year-round destinations such as Hilton Head Island, South Carolina; Savannah, Georgia; and Charleston, South Carolina," said Samir Yajnik, principal and EVP of investments, Banyan Investment Group. "Our underwriting and research at that time proved to be correct given Beaufort has become the fastest growing town in Beaufort County, South Carolina, with its population having grown by more than 124 percent in the last decade.

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."

WHITESTONE CAPITAL RECENTLY partnered with PJD Capital to purchase the 152-room Holiday Inn East Mountain in Wilkes Barre, Pennsylvania, marking the first joint venture between the two real estate companies. Whitestone Capital, a division of Whitestone Companies, is led by CEO Jay Batra, while PJD Capital is headed by CEO Prakash Datwani. The Holiday Inn East Mountain features 152 guestrooms and more than 6,000 square feet of event space, the companies said in a joint statement. "We are excited about our new partnership with PJD Capital to reposition this property into a product the Wilkes Barre community has been craving," said Batra. "We expect the transformation to happen in two phases, with the first phase starting later this year. The property will be converted to a very select class of DoubleTree Hotels. A DoubleTree in name, driven by the power of Hilton, but not a typical DoubleTree. This property will feel more like a soft brand with design centered around a community-focused, light resort feel."

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