Imagery courtesy of CNW Team/K2 Group.
Canadian expense business K2 Team is to instigate a $3 million improvement programme on its new hotel acquisition on the US aspect of Niagara Falls, New York.
Holiday break Inn Convey & Suites Niagara Falls is the fifth Niagara area lodge assets, and to start with US website for the investor’s developing hospitality portfolio.
K2 Team intends to increase the 4-storey home by renovating equally the exterior and inside of the lodge, as very well as upgrading all guestrooms to IHG Resorts & Resorts’ most current formulation blue assets advancement strategy requirements.
The resort options amenities for company and leisure travellers, which includes an onsite company centre, heated indoor pool, health centre, laundry amenities, 500 sq ft of assembly place, and complimentary high-pace wi-fi.
K2 Team president Kailash Kasal detailed: “We are self-assured in the power and continued development of the Niagara Falls location as a common, dynamic vacation and enterprise-travel destination. We are thrilled to have discovered a terrific value-insert lodge chance on the American side of Niagara Falls. This house is presently a single of the greatest accomplishing lodges in the spot and we count on to make improvements to its functionality even more with renovations, envisioned to be finished in Q4 of 2023.
“This acquisition is a testament to the accomplishment of K2 Group’s main hospitality financial investment strategy of purchasing and then establishing and repositioning very well-situated accommodations in higher-growth markets.”
Anto Vrdoljak, regional director, franchise sales and enhancement – Canada at IHG, mentioned: “For far more than a few decades Holiday break Inn Categorical has emphasised the electricity of uncomplicated, clever vacation and a constant and memorable practical experience that gets rid of barriers for guests. We are incredibly excited to welcome K2 Group to the IHG Family and look ahead to doing the job with their workforce on this project and additional to arrive in the future.”
Other lodge developments in the area contain Cambria Hotel Niagara Falls, a 120-home web site owing for completion in Q2 2023. The 7-storey making is currently being built on a vacant whole lot in the city.