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K2 Group Acquires Holiday Inn Express and Suites Hotel in Niagara Falls, New York
Wednesday 28 September 2022

Canadian investment firm K2 Group has acquired Holiday Inn Express and Suites hotel in Niagara Falls, New York to expand the Group's hospitality portfolio, the company said.

Terms of the transaction were not disclosed.

K2 Group plans to spend three m dollars to improve the four-story property by renovating both the exterior and interior of the hotel, as well as upgrading all guestrooms to InterContinental Hotels Group's latest formula blue PIP standards.

K2 Group continues to pursue opportunities in North America to grow its hospitality portfolio, with an emphasis on targeting strategic, value-add hotel deals that offer potential for above-market returns through investment in property upgrades and efficient management.

K2 Group is a privately-held, fully integrated investment company that strategically acquires, develops, constructs and repositions hospitality, petroleum and real estate assets throughout Canada.
Date Published: 28/09/2022