INDIAN PRIME MINISTER Narendra Modi’s steadfast dedication to economic reform, environmental concerns, technological advancements and foreign policy has cemented his position as a respected and esteemed leader, said Bharat Patel, AAHOA chairman. Patel and other AAHOA officers attended Modi’s recent visit to the White House and his address to Congress, and he said plans were laid to increase AAHOA’s connections to India with programs supporting more trade with Indian companies and a worker training program.
Modi's state visit June 21 to 23 significantly strengthened bilateral relations between India and the U.S., Patel said. The Indian prime minister received a warm welcome from the American diaspora community.
"Americans wholeheartedly recognize him as a crucial ally and genuine friend to the U.S.,” Patel said.
“While the nature of each visit may differ, Modi's visit to the U.S. is universally acknowledged as carrying immense significance for both democracies, representing a strong and evolving relationship between the U.S. and India.”
From left, AAHOA member Rakesh Patel, Secretary Rahul Patel and Bharat Patel, AAHOA chairman, during the state visit by Indian Prime Minister Narendra Modi.
AAHOA is the largest hotel owners’ association in the U.S., with 20,000 members who own 60 percent of the nation's hotels. The association’s leaders actively lobbied Congress for PM Modi’s address to the House and Senate during his state visit. It also cosponsored “We the People: Celebrating the U.S.-India Partnership,” a special appearance by Modi and other officials and business leaders at the John F. Kennedy Center for the Performing Arts.
Their delegation included Bharat; Miraj Patel, vice chairman; Kamalesh “KP” Patel, treasurer; Rahul Patel, secretary; and Nishant “Neal” Patel, immediate past chair. They participated in the White House welcome ceremony and Modi's address to Congress, underscoring AAHOA’s dedication to robust Indian-U.S. relations.
"As two of the world's leading democracies, the U.S. and India share a remarkable number of similarities," said Bharat. "Amidst the intense scrutiny that world leaders endure on the global stage, Prime Minister Modi has garnered substantial support in the U.S. Many Americans appreciate his focus on economic development, initiatives such as 'Made in India,' and efforts to enhance India's global standing.”
Meanwhile, the prime minister also praised Indian Americans for their significant contributions to the host nation and the India-U.S. relationship during the state dinner. He highlighted their pride in values, democratic traditions, vibrant culture, and notable achievements in sectors like hospitality, healthcare, education, research, and logistics.
“Be it hospitals or hotels, universities or research labs, gas stations or logistics management, they are making their mark everywhere,” Modi said.
Enhanced bilateral relations
Modi’s visit acted as a catalyst for enhancing bilateral relations, offering a platform to discuss and advance cooperation in key areas such as trade, defense, security, technology, artificial intelligence, and cultural exchanges.
Bharat emphasized that Modi's visit signifies the strengthening ties between the two nations as they collaborate to address global challenges like climate change, AI advancements, defense and security, and shifting geopolitical dynamics.
Prime Minister Modi met with President Joe Biden during the visit and addressed a joint session of Congress.
He highlighted that the opportunity to attend a state dinner at the White House is universally recognized as an extraordinary honor.
“It serves as a prominent platform for diplomatic exchanges, bolstering bilateral relations, and celebrating international cooperation in a remarkable manner,” Bharat said.
AAHOA's properties make a substantial contribution to the U.S. economy, representing 1.7 percent of the U.S. GDP. Bharat said the association plans to step up its participation in the “Buy Indian” program.
“So many people of Indian origin do business in America, but they're not able to buy textiles for different reasons,” Bharat said. “We want to work with brands and hotel operators just to buy more textiles from India. I think that's a win-win for everybody.”
Past Chairman Neal Patel gave details on the need for cooperation with India.
“After COVID the cost of our expenses when it comes to FF&E and even soft goods, they've doubled and for some hotels, it's even tripled,” he said. “The idea was, how can you increase competition to drive the cost down or increase the quality of the products that we’re receiving in our hotels? And when you look at the hotel industry, mainly, their supplies are coming from either Pakistan or Bangladesh. Our goal is, how can we give India and the companies that are based there a platform to increase competition, lower the costs and hence increase our ROI on our assets.”
Neal said AAHOA previously sent a delegation to India to discuss plans for how the association can increase trade between its membership and Indian companies.
“The idea was very simple, to promote AAHOA and the hospitality industry by partnering with the Indian government,” Neal said. “The challenge that we saw that was happening is that the companies in India do not know the specs that are needed in our industry. So, what AAHOA’s role will be is to provide those specs, be the person in the middle, and provide the specs to the new companies and increase competition.”
Neal said the goal is to have 50 percent of AAHOA members buying products for their hotels from India in the next five years.
The AAHOA delegation to India also met with India’s minister of education to discuss a program that would help address U.S. hotels’ ongoing labor shortage.
“The idea would be for the Indian government to train hospitality students in AAHOA certification. Once they're trained, they'll provide us up to 50,000 students part time to work in our members’ hotels, and the cost will be very, very low compared to what we would pay here,” Neal said. “This helps us because right now, we can barely survive when it comes to labor and building a team. This will help us building a global team.”
U.S. tribute to PM
Bharat Patel described the atmosphere as Indian-Americans, influential figures, and dignitaries gathered for the momentous occasion.
“The White House paid a fitting tribute to Modi's visit by offering a delectable selection of vegetarian Indian cuisine, a splendid display that not only celebrated India's vibrant culture but also highlighted its global influences,” he said.
AAHOA officers were invited to participate in Indian Prime Minister Modi’s recent state visit.
According to Bharat, the relationship between the U.S. and India encompasses a wide array of dimensions, ranging from strategic and economic to diplomatic and cultural ties.
“With the U.S. recognizing India as a major global power, the acknowledgement extends beyond Asia, considering India's growing influence as the world's most populous country, even surpassing China.”
Patel emphasized that the U.S. and India share fundamental values, rooted in a steadfast commitment to democracy and individual freedoms.
"These shared values strengthen the enduring bond between our nations," he said.
Neal Patel said the AAHOA officers did have a brief meeting with Modi himself.
“It wasn't an official meeting, it was just in passing ‘Hello,’” Neal said. “Unfortunately, we weren't able to take our phones there, but it was a very good experience for us. AAHOA is now recognized on with the India-America partnership and we were invited to be part of the delegation.”
Global hotel rates are expected to remain stable through 2026, according to AMEX GBT.
New York is a key business travel and meetings destination.
India is likely to be a focus for travel programs during 2026 negotiations.
GLOBAL HOTEL RATES are expected to remain stable through 2026, as geopolitical tensions and potential U.S. tariffs limit demand and constrain price increases, according to American Express Global Business Travel. New York remains a popular destination for business travel and meetings.
AMEX GBT’s Hotel Monitor 2026, an annual forecast of global hotel rates in business travel destinations, identified India as a key market, with hotel rates and occupancy set to rise.
“This year’s forecast reveals a global environment where geopolitical uncertainties are tempering hotel rate increases,” said Dan Beauchamp, Amex GBT’s vice president for consulting. “These insights allow businesses to make more informed travel decisions. Understanding local market conditions will help companies optimize travel budgets and strategies.”
The report also projects continued rate increases for high-end accommodation based on demand.
New York hotel rates are projected to rise 4 percent in 2026. Despite expected softening in inbound U.S. travel from tariff uncertainty, New York remains a leading destination for business travel and meetings. The forecast is based on company data and IMF inflation and GDP projections.
India is expected to see rising hotel rates and occupancy in 2026. Rate growth will be below last year’s levels but above regional and global averages. India is likely to be a focus for many travel programs during 2026 negotiations. Bengaluru, a major technology and AI hub, recorded the country’s highest occupancy and ADR in the first quarter of 2025.
Simon Fishman, Amex GBT’s vice president for global hotels, said data shows news cycles can affect hotel prices in unpredictable ways.
“Amex GBT’s hotel marketplace gives companies access to over two million properties across 180 countries, including more than 45,000 hotels with pre-negotiated discounts and amenities via the Preferred Extras Hotel Program,” he said. “It enables companies of all sizes to adapt to changing business needs while accessing the best rates and traveler experiences.”
A May report by commerce media firm Criteo found that hotel booking values in Asia-Pacific rose 23 percent in early 2025, compared with 2 percent growth in the Americas.
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The Trump administration says it is reviewing more than 55 million visa holders.
Reviews cover a wide range of visas for law enforcement and overstay violations.
The administration also suspended worker visas for foreign commercial truck drivers.
THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.
The State Department confirmed all visa holders are subject to ongoing review, which includes checking for overstays, criminal activity, threats to public safety or ties to terrorism. Should violations be found, visas may be revoked, and holders in the U.S. could face deportation, according to the Associated Press.
Officials said the reviews will include monitoring of visa holders’ social media accounts, law enforcement records and immigration files. New rules also require applicants to disable privacy settings on phones and apps during interviews. The department noted visa revocations since President Trump’s return to office have more than doubled compared to the previous year, including nearly four times as many student visas.
The administration also announced an immediate halt on issuing worker visas for foreign commercial truck drivers, with Secretary of State Marco Rubio citing road safety and competition concerns for U.S. truckers.
“The increasing number of foreign drivers operating large tractor-trailer trucks on U.S. roads is endangering American lives and undercutting the livelihoods of American truckers,” Rubio posted on X.
The Transportation Department linked the move to recent enforcement of English-language proficiency requirements for truckers, aimed at improving safety. The State Department later said it was pausing visa processing while it reviewed screening protocols.
Critics, including Edward Alden of the Council on Foreign Relations, warned the actions could have significant economic consequences.
“The goal here is not to target specific classes of workers, but to send the message to American employers that they are at risk if they are employing foreign workers,” Alden wrote, according to AP.
Data from the Department of Homeland Security shows there are 12.8 million green card holders and 3.6 million temporary visa holders in the United States. The 55 million figure under review includes many outside the U.S. with valid multiple-entry tourist visas.
Earlier this week, the State Department reported revoking more than 6,000 student visas for violations since Trump returned to office, including around 200 to 300 for terrorism-related issues.
The vast majority of foreign visitors require visas to enter the U.S., with exceptions granted to citizens of 40 countries under the Visa Waiver Program, primarily in Europe and Asia. Citizens of China, India, Russia and most of Africa remain subject to visa requirements.
A $250 Visa Integrity Fee in President Donald Trump’s Big Beautiful Bill drew criticism from groups that rely on seasonal workers from Latin America and Asia on J-1 and other visas.
Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
The company promotes retroactive CPACE funding for commercial real estate development.
PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.
The 2,520-room Rio, now under the Destinations by Hyatt brand, was renovated in 2024 and comprises two hotel towers connected by a casino, restaurants and retail, Peachtree said in a statement.
“This transaction is a milestone for Peachtree Group and a testament to the ecosystem we have built over the past 18 years,” said Greg Friedman, Peachtree's managing principal and CEO. “Through our vertically integrated platform, deep expertise and disciplined approach, we have developed the infrastructure to be a leader in private credit. Our ability to deliver speed, creativity and certainty of execution positions us to provide capital solutions that create value for our investors and partners across market cycles.”
Atlanta-based Peachtree is led by Friedman; Jatin Desai as managing principal and CFO and Mitul Patel as principal.
The CPACE loan retroactively funded the renovations, allowing the owners to pay down their senior loan, the statement said. The property improvement plan included exterior work, upgrades to the central heating and cooling plant, electrical infrastructure improvements and convention center renovations.
Jared Schlosser, Peachtree’s head of originations and CPACE, said the deal marks an inflection point, with major financial institutions consenting to its use for the benefit of the capital stack.
“By closing quickly on a marquee hospitality asset, we were able to strengthen the position of both the owner and its lenders,” he said.
The CPACE market has surpassed $10 billion in U.S. originations in just over a decade, according to the C-PACE Alliance, with growth expected as more institutional owners and lenders adopt it.
“We see significant opportunity for retroactive CPACE and its use in funding new commercial real estate development,” Schlosser said. “It is an alternative to more expensive forms of capital.”
In June, Peachtree named Schlosser head of originations for all real estate and hotel lending and leader of its CPACE program. Peachtree recently launched a $250 million fund to invest in hotel and commercial real estate assets mispriced by capital market illiquidity.
Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.
SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.
The 2020-built hotel is less than 20 miles from Manhattan in a commercial corridor with major employers including Driscoll Foods, FedEx Group, Advanced Biotech, St. Joseph’s Wayne Hospital, and the Passaic County Administration, Hunter said in a statement. William Paterson University, Willowbrook Mall, and MetLife Stadium are also nearby.
It features an on-site fitness center, business center and indoor pool.
“The Home2 Suites by Hilton Wayne represents the type of asset we target,” said Patel. “Its proximity to major corporate demand generators, higher education institutions, and retail and entertainment venues supports strong performance.”
Hunter’s senior vice presidents, David Perrin and Spencer Davidson, brokered the transaction.
Patel said this is their second transaction with Hunter and praised the process and partnership.
“We look forward to building on the hotel’s recent performance and continuing to deliver guest experiences in the Greater New York City community,” he said.
Northstar Hotels Management recently acquired a 78-key Residence Inn and an 81-key Courtyard near the Jacksonville, Florida, airport.
Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
The U.S. leads with 6,280 projects; Dallas tops cities with 199.
Nearly 2,900 hotels are expected to open worldwide by the end of 2025.
THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.
The U.S. leads with 6,280 projects and 737,036 rooms, 40 percent of the global total. Dallas leads cities with 199 projects and 24,497 rooms, the highest on record.
LE’s Q2 2025 Hotel Construction Pipeline Trend Report showed 6,257 projects with 1,086,245 rooms under construction worldwide, unchanged in project count and down 3 percent in rooms from last year. Projects scheduled to start in the next 12 months totaled 3,870 with 551,188 rooms, down 3 percent in projects but up 1 percent in rooms. Early planning reached 5,744 projects and 798,792 rooms, up 10 percent in projects and 9 percent in rooms year-over-year.
Upper midscale and upscale hotels accounted for 52 percent of the global pipeline, LE said. Upper midscale stood at 4,463 projects and 567,396 rooms, while upscale reached 3,852 projects and 655,674 rooms. Upper upscale totaled 1,807 projects and 385,396 rooms, and luxury totaled 1,267 projects and 245,665 rooms, up 11 percent year-over-year.
In the first half of 2025, 970 hotels with 138,168 rooms opened worldwide. Another 1,884 hotels with 280,079 rooms are scheduled to open before year-end, for a 2025 total of 2,854 hotels and 418,247 rooms. LE projects 2,531 hotels with 382,942 rooms to open in 2026 and 2,554 hotels with 382,282 rooms to open globally in 2027, the first time a forecast has been issued for that year.