Outside of Holiday Inn & Suites building

TORONTO — K2 Group has acquired the Holiday Inn Express & Suites in Niagara Falls, N.Y. This deal marks the fifth Niagara Region hotel property, and first U.S. hotel, for the company’s growing hospitality portfolio.

K2 Group plans to spend $3 million (USD) to improve the four-storey property by renovating both the exterior and interior of the hotel, as well as upgrading all guestrooms to InterContinental Hotels Group’s (IHG) latest formula blue PIP standards.

The hotel features a host of amenities that accommodate business and leisure travellers, including an onsite business centre, heated indoor pool, fitness centre, laundry facilities, 500 sq. ft. of meeting space and complimentary high-speed Wi-Fi.

“We are confident in the strength and continued growth of the Niagara Falls region as a popular, dynamic vacation and business-travel destination. We are excited to have found a great value-add hotel opportunity on the American side of Niagara Falls. This property is already one of the best-performing hotels in the area and we expect to improve its performance even further with renovations, expected to be completed in Q4 of 2023,” says Kailash Kasal, president, K2 Group.

“For more than three decades, Holiday Inn Express has emphasized the power of simple, smart travel and a consistent and memorable experience that removes barriers for guests,” says Anto Vrdoljak, regional director, Franchise Sales & Development – Canada at IHG Hotels & Resorts. “We are very excited to welcome K2 Group to the IHG Family and look forward to working with their team on this project and more to come in the future.”

K2 Group was recently recognized both as one of Canada’s Top Growing Companies in 2022 by Globe and Mail’s Report on Business Magazine and an Innovation Leader on the 2022 list highlighting Canada’s Top 50 most progressive companies by Canadian Business.

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