AAHOA backed Patel, citing his experience in combating human trafficking
Kashyap “Kash” Patel, President Trump’s FBI director nominee, highlighted his Indian roots at his confirmation hearing before the Senate Judiciary Committee, greeting his parents with “Jai Shree Krishna.” If confirmed, he would be the first Indian American to lead the agency. Photo courtesy of Anna Moneymaker/Getty Images
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By Staff ReportFeb 02, 2025
KASHYAP “KASH” PATEL, President Trump’s nominee for FBI director, highlighted his Indian roots at his confirmation hearing before the Senate Judiciary Committee, greeting his parents with “Jai Shree Krishna”. If confirmed, he would be the first Indian American to lead the nation’s top investigative agency.
AAHOA backed Patel’s nomination, citing his public service and national security experience as crucial for addressing challenges facing both the FBI and the hospitality industry.
"Kash Patel's nomination is a significant moment," said Miraj Patel, AAHOA chairman. "His counterterrorism and public service background offers valuable expertise for tackling complex security issues."
Patel, 44, was a public defender and federal prosecutor before joining Trump’s administration during his first term as president in 2019. He served in various roles, including under the secretary of defence and the director of national intelligence. Trump nominated him in November to replace Christopher Wray, who led the FBI for more than seven years and who Trump appointed in his first term.
Hotel associations such as AAHOA combat human trafficking through education, certification and partnerships with organizations like Businesses Ending Slavery & Trafficking. The association views Patel’s counterterrorism expertise as a valuable asset to this mission.
Meanwhile, Kash Patel's hearing was one of three contentious sessions Thursday as Trump's nominees sought Senate approval. He has publicly suggested prosecuting journalists if confirmed as FBI director and turning the bureau’s headquarters into a “museum of the deep state.”
In a news release, the U.S. Senate Committee on the Judiciary called Patel a “radical extremist.” The committee cited a list he published of 60 “members of the deep state” that included Democrats and Republicans, including Bill Barr, former U.S. attorney general during Trump’s first administration who opposed Trump’s claims that the 2020 election was rigged.
“Kash Patel is an extreme MAGA loyalist who would make our country less safe. He is blindly loyal to Donald Trump and Donald Trump only,” said Senate Democratic Whip Dick Durbin, ranking member of the committee. “He has a trail of grievances and history of lashing out at those who don’t agree with him. That’s not the kind of nonpartisan, law enforcement professional who should lead the FBI.”
Democrats repeatedly pressed him on these statements, along with his qualifications and ethics, Al Jazeera reported. However, they face an uphill battle blocking Patel’s confirmation. By the hearing's end, his nomination seemed set for a full Senate vote, where Republicans hold a 53 to 47 majority.
"Public trust in the FBI is low," Chuck Grassley of Iowa, the chairman of the committee, was quoted as saying in an Al Jazeera report. "Only 41 percent of the American people think the FBI is doing a good job. There’s no surprise that public trust has declined in an institution that has been plagued by abuse, lack of transparency, and weaponization of law enforcement."
Grassley said that Patel, if confirmed, would be tasked with restoring that trust.
“First, let good cops be cops,” Kash Patel wrote, outlining his priorities. “Leadership means supporting agents in their mission to apprehend criminals and protect citizens. If confirmed, I will streamline headquarters operations while strengthening the presence of field agents nationwide. Collaboration with local law enforcement is crucial to the FBI’s mission.”
Laura Lee Blake, AAHOA’s president and CEO, said the association's members have built a legacy of hard work and dedication.
"We are committed to addressing societal issues, such as combating human trafficking, and look forward to continued progress under strong leadership at the FBI," she said.
The American dream
Kash Patel’s parents, Indian immigrants of Gujarati ancestry, lived in Uganda until anti-Asian policies forced them to leave in the early 1970s. They settled in Long Island, New York, where Kash Patel was born. His father worked as a financial officer at an aviation company. Born on Feb. 25, 1980, Kash Patel studied criminal justice and history at the University of Richmond, graduating in 2002, and earned a law degree from Pace University in 2005.
"I love the American dream,” Kash Patel said at a recent inauguration event for Trump.
Patel said his story is one that many others share. Under a genocidal dictatorship in Uganda in the 1970s, his father witnessed 300,000 of his countrymen murdered and “saw the devastation caused by lawlessness when it breaks through the system of constitutional justice.”
"He fled, like so many others,” he said. “He married my mother, and they moved here, waited in line because the American dream was worth standing in line for. That dream is woven into the fabric of this nation. And our immigration policy is the greatest in the world."
But dreams alone aren’t enough, Kash Patel said.
"Americans must get to work," he said.
President Trump nominated former Oregon Congresswoman Lori Chavez-DeRemer to lead the Department of Labor, with former EEOC Commissioner Keith Sonderling as deputy secretary.
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.