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Wayside Investment to acquire two ESA hotels in Dallas

The company operates 13 hotels in south Texas and has more properties under development

Wayside Investment to acquire two ESA hotels in Dallas

WAYSIDE INVESTMENT GROUP has announced plans to acquire two Extended Stay America suites properties in Dallas. The transaction, involving a 118-unit hotel and a 150-unit hotel in Irving, is expected to close by the end of July, Wayside said in a statement.

"These acquisitions provide Wayside Investment Group with excellent opportunities to enter the thriving hotel market in Dallas," said Miraj Patel, Wayside president. "We are excited to collaborate with Extended Stay America once again as our company expands in the extended stay sector. The DFW metroplex experiences high lodging demand from both business and leisure travelers, offering hotel owners exceptional return on investment."


According to the statement, Houston-based Wayside presently owns and operates 13 hotels primarily in Gulf Coast cities of south Texas. Furthermore, the company is set to open a 90-unit extended stay hotel in Houston next month, with two additional extended stay properties currently in development.

“We appreciate our long and valued relationship with Wayside Investment Group,” said Greg Juceam, ESA president and CEO. “Wayside’s industry expertise, combined with the strength of the Extended Stay America brand, creates a powerful platform for driving long-term success. We look forward to continuing our productive and successful work with Miraj and his team.”

Patel, the current vice-chairman of AAHOA, is a second-generation hotelier who founded Wayside in 2020.

“Right now, there are more hotel deals available than there are people who want to make them,” Patel added. “At Wayside, we seek out interesting acquisition opportunities where we can add asset value by renovating and re-positioning a property.”

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  • 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.

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