Skip to content

Search

Latest Stories

Asian American-owned properties push forward despite pandemic

The developers are betting on IHG brand to position them for recovery from COVID-19

INTERCONTINENTAL HOTELS GROUP’s avid brand has added several new properties, four of which are owned by Asian Americans. Despite the current state of the market during the COVID-19 pandemic, the developers say they think the midscale will be in a good position when the economy eventually recovers.

The four hotels are in separate states. Two have opened and two are expected to open this summer.


They are:

  • avid hotel Denver Airport Area in Denver, Colorado: Opened in July, the 97-room hotel is near Denver International Airport, FlySafety International and Buckley Airforce Base. It is owned by Chet Patel with Baywood Hotels.
  • avid hotel Nashville in Lebanon, Tennessee: Opened on June 6, the 87-room hotel is the first avid hotel to open in Tennessee, 20 miles from Nashville International Airport, and near Cumberland University and the Wilson County Fairgrounds. This property is owned by Kunal Shah and Daughters, LLC.
  • avid hotel Boston Logan Airport in Revere, Massachusetts: Expected to open in late summer, the 104-room hotel is near Boston Logan International Airport and local attractions such as Rumney Marsh Reservation wildlife reserve and Revere Beach on the Atlantic coast. This property is owned by Ketan Patel and Bijal Hospitality.
  • avid hotel Fort Worth in Fossil Creek, Texas: Also expected to open in late summer, the 87-room hotel is near Texas Christian University and several Texas-branch businesses and federal agencies, such as the U.S. Department of Treasury, U.S. Defense Department, the Internal Revenue Service and Federal Bureau of Investigation. This property is owned by Kalpesh Patel and Buffalo Builder, LLC.

“We at Baywood Hotels believe that, with both business and leisure travel showing modest recovery as we further navigate the pandemic, avid hotels is well-positioned to satisfy the current consumer appetite for travel while also supporting travel demands in the future,” said Chet Patel, senior vice president at Baywood Hotels.

IHG has more than 200 avid hotels in the development pipeline, including 40 properties under construction and more than 90 properties with plans submitted to or approved by the company.

“IHG’s valued owner community has continued to develop and build avid hotels even during this challenging time, and our owners remain excited about bringing the innovative mainstream avid hotels brand to new markets and travelers,” said Karen Gilbride, vice president of IHG’s avid hotels and Atwell Suites.

IHG’s Way of Clean program with enhanced cleaning and safety procedures to prevent the spread of coronavirus as part of its newly implemented IHG Clean Promise. IHG Clean Promise includes input from the Cleveland Clinic as well as hygiene and cleaning services companies Ecolab and Diversey as an expansion of the company’s Way of Clean program established in 2015. It incorporates advice of the World Health Organization, Centers for Disease Control & Prevention and local public health authorities.

More for you

Trump H1B visa fee India
Photo by Andrew Harnik/Getty Images

Trump’s $100K H-1B fee sparks panic in India

Summary:

  • Announcement of $100,000 H-1B visa fee triggers panic among Indian professionals.
  • The fee applies only to new petitions.
  • IT companies are reportedly reviewing staffing and travel.

THE TRUMP ADMINISTRATION’S announcement of a $100,000 fee for new H-1B visa petitions, effective Sept. 21, reportedly triggered panic among Indian H-1B holders. Many rushed to book last-minute flights, resulting in fully booked planes and higher fares.

Keep ReadingShow less
H-2B visa hospitality impact

Study: H-2B visas boost U.S. jobs and wages

Summary:

  • The H-2B visa program protects U.S. jobs and wages, according to AHLA citing a study.
  • It allows hotels and resorts to meet travelers’ needs while supporting the economy.
  • It provides foreign workers for seasonal jobs when domestic workers are unavailable.

THE H-2B VISA program does not harm U.S. jobs or wages but increases pay and supports the labor force, according to an Edgeworth Economics study. Citing that study, the American Hotel & Lodging Association said the program enables hotels and resorts to meet travelers’ needs while supporting the workforce and economy.

Keep ReadingShow less
HAMA Fall 2025 survey results

Survey: Hotels expect Q4 RevPAR gain

Summary:

  • More than 70 percent expect a RevPAR increase in Q4, according to HAMA survey.
  • Demand is the top concern, cited by 77.8 percent, up from 65 percent in spring.
  • Only 37 percent expect a U.S. recession in 2025, down from 49 percent earlier in the year.

MORE THAN 70 PERCENT of respondents to a Hospitality Asset Managers Association survey expect a 1 to 3 percent RevPAR increase in the fourth quarter. Demand is the top concern, cited by 77.8 percent of respondents, up from 65 percent in the spring survey.

Keep ReadingShow less
Peachtree Group DST Mansfield Texas

Peachtree adds Mansfield, TX, industrial asset to DST

Summary:

  • Peachtree launched new DST with 131,040‑square foot industrial facility in Mansfield, Texas.
  • The property was acquired at $180 per square foot.
  • Peachtree completed $320M in debt-free transactions across multiple markets since 2022.

PEACHTREE GROUP LAUNCHED its latest Delaware Statutory Trust with the acquisition of a newly built 131,040-square-foot industrial facility in Mansfield, Texas. The company has completed about $320 million in debt-free transactions since launching its DST program in 2022, according to its statement.

Keep ReadingShow less
American Franchise Act announced in U.S. Congress to protect hotel franchising and jobs

House unveils act to boost franchise business

Summary:

  • House introduces AFA to boost franchise model and hotel operations.
  • The act establishes a joint employer standard.
  • AHLA backs the bill, urging swift adoption.

THE HOUSE Of Representatives introduced the American Franchise Act, aimed at supporting the U.S. franchising sector, including 36,000 franchised hotels and 3 million workers nationwide. The American Hotel & Lodging Association, backed the bill, urging swift adoption to boost the franchise model and clarify joint employer standards.

Keep ReadingShow less