Skip to content

Search

Latest Stories

GHM entities acquire two Hilton-branded hotels in Peabody, MA

The acquisition brings GHM's portfolio to eight Hilton-branded hotels

GHM entities acquire two Hilton-branded hotels in Peabody, MA

Giri Bar Harbor Kebo Inc. and Giri Peabody 57 LLC, doing business as Giri Hotel Management led by Ash Sangani, recently acquired Hampton Inn and Homewood Suites Boston Peabody hotels in Peabody, Massachusetts, respectively. The two properties offer a total of 205 rooms.

The hotels are within a 10-mile radius of Salem and 13 miles south of Boston. The properties are near the headquarters of Analogic Corp., Neurological, Lahey Medical, North Shore Medical, and Boston Children’s Hospital Peabody.


"With the acquisition of these two hotels, we're thrilled to announce the expansion of our portfolio to include eight Hilton-branded hotels," said Sagar Malavia, GHM’s partner. "Situated along Route 1, these locations offer prime positioning for an exceptional guest experience for short- and long-term guests. We're dedicated to fostering a welcoming, family atmosphere for our new hotel team members and look forward to fostering excellent relationships with the community for mutual economic success."

Hunter Hotel Advisors' senior vice presidents, Spencer Davidson and Sophia Pittaluga, represented the institutional seller in the transaction. However, the terms of the deal were not disclosed.

GHM presently runs more than 50 hotels in New England, featuring brands such as Hilton Hotels & Resorts, Hyatt Hotels & Resorts, Marriott International, Choice Hotels International, Wyndham Hotels & Resorts, IHG Hotels & Resorts and Best Western International. As per its website, the company currently operates in three states.

GHM recently entered into its first franchise agreement with Hyatt to develop and oversee a 122-room Hyatt Studios hotel at Portland International Jetport.

More for you

HIRE Act Reintroduced amid H-1B Fraud Allegations
Photo by Chip Somodevilla/Getty Images

HIRE Act reintroduced amid H-1B fraud allegations

Summary:

  • Krishnamoorthi reintroduced the HIRE Act, proposing to raise the H-1B cap to 130,000.
  • The proposal would help fill tech and defense gaps, fund STEM education.
  • Doubling the cap could boost Indian H-1B approvals if the system is fair, an expert said.

INDIAN-ORIGIN U.S. REP. Raja Krishnamoorthi recently reintroduced legislation proposing to raise the H-1B visa cap to 130,000 amid new fraud allegations against the program. Experts estimate the increase could create 45,000 to 50,000 additional opportunities for Indian professionals, though political uncertainty persists.

The Halting International Relocation of Employment Act would raise the annual H-1B cap from 65,000 (plus 20,000 for advanced degree holders) to 130,000, according to The Times of India.

Keep ReadingShow less