Neema Hospitality Expands Portfolio by Acquiring Two Pittsburgh-Area Hotels, the Fairfield Inn & Suites by Marriott and the Holiday Inn Express & Suites
MECHANICSBURG, Pa.--(BUSINESS WIRE)--Aug 7, 2018--Neema Hospitality, a hotel ownership and management company, announced today that they purchased the Fairfield Inn & Suites located in Slippery Rock, PA and the Holiday Inn Express & Suites hotel located in Canonsburg, PA. Both hotels are located in the Pittsburgh metro area.
The 75-room Fairfield Inn & Suites is located north of Pittsburgh next to Slippery Rock University and minutes from the Grover City Premium Outlets. Prime amenities include a complimentary hot breakfast, free WiFi, in-room microwaves, in-room refrigerators and an indoor pool.
The 90-room Holiday Inn Express & Suites is located south of Pittsburgh in Canonsburg, PA within the Southpointe Business Park and minutes from the Meadows Racetrack and Casino. The hotel’s rooms offer microwaves, refrigerators, 42 inch flat-screen TVs and free breakfast and WiFi. The hotel is equipped with a large heated indoor pool, patio with a fire pit and over 1,600 square feet of meeting space.
“We see Western Pennsylvania as a market that is growing,” said Sandeep Thakrar, President of Neema Hospitality. The purchase of the Fairfield Inn & Suites by Marriott and the Holiday Inn Express & Suites enhances our presence there and enables us to support our assets and resources to position us to continue to expand our portfolio in the Mid-Atlantic region.” The purchase of the two assets over the last few months increases the Neema Hospitality portfolio to eleven hotels across Pennsylvania, Maryland and West Virginia.
Each year, the entire portfolio, including the two new locations, work with Accelerate Brain Cancer Cure, a non-profit research organization to raise awareness about brain cancer. Neema Hospitality donates $5 per room per night during their Summer charity promotion from Memorial Day to Labor Day.
ABOUT NEEMA HOSPITALITY
Neema Hospitality is a leading hospitality group with a proven track record of success. It is known for its improving efficiency, increasing revenues, and excellent customer service. Founded as a family business in 1986, Neema Hospitality’s portfolio includes franchise licenses with Marriott, Hilton, Intercontinental Hotel Group, and Choice Hotels with brands such as Hampton Inn, Fairfield Inn & Suites Holiday Inn Express, Comfort Inn, and EconoLodge and Suites. The firm manages properties in multiple states including: Pennsylvania, Maryland and West Virginia and provides complete services including operations, sales and marketing and revenue management. For more information, visit: www.neemahospitality.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180807005185/en/
CONTACT: Neema Hospitality
Sandeep Thakrar, 240-285-6690
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: TRAVEL LODGING REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Neema Hospitality
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PUB: 08/07/2018 09:00 AM/DISC: 08/07/2018 09:01 AM