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With Hotels in Demand, New Owner of Middletown Goshen Residence Inn Looks to Expand
With Hotels in Demand, New Owner of Middletown Goshen Residence Inn Looks to Expand

Epoch Times

time14-05-2025

  • Business
  • Epoch Times

With Hotels in Demand, New Owner of Middletown Goshen Residence Inn Looks to Expand

ORANGE COUNTY, N.Y.—With the growth of attractions in Orange County, hotels are in higher demand. The growing business opportunity has drawn new investment to the Middletown–Wallkill area. Hotel investor and private banker Jim Zhang recently bought the Residence Inn by Marriott Middletown Goshen just off Route 211 in Wallkill, New York. Zhang says he also has plans to turn the decrepit Fort Knox storage building in downtown Middletown into a new hotel. He has acquired the branding from Hilton to make it a Tapestry Collection by Hilton. Zhang spoke to The Epoch Times about why he decided to invest in Orange County. He said attractions such as the Woodbury Commons outlet mall, Legoland, and a growing tech investment in the area makes hotels a good investment. 'I think this area could have very, very good growth for business,' Zhang said. There is a high Related Stories 7/26/2023 5/8/2025 When there are tournaments or competitions at the Blue Sky Sports facility in Wallkill, people have a hard time finding rooms in Orange County even six months in advance. 'Whether it's at the fairgrounds or whether it's at the football stadium or the sports stadiums at the school district or Legoland, all of these are drivers in the tourism industry,' Middletown Mayor Joseph DeStefano told The Epoch Times. 'They benefit hotels, they benefit gas stations, they benefit the mom and pop stores. So, all of these things work together.' Wallkill Town Supervisor George Serrano said the hotels in his town are 'always packed and we definitely need more.' 'There is so much beauty here in Orange County and my job is to make sure that people come and enjoy it,' Serrano told The Epoch Times. Former Canadian banker and hotel investor Jim Zhang in the recently purchased Middletown Goshen Residence Inn on May 8, 2025. Oliver Mantyk/The Epoch Times Zhang immigrated to Canada from China in 2001. He worked for the Royal Bank of Canada in Alberta for 10 years before he relocated to Toronto to work as a private banker. In Toronto, he and his business partners bought a Hilton Hotel. In 2018, Zhang sold the hotel in Toronto and moved to Middletown with his family when his three children started going to school in Orange County. 'I do like Orange County,' Zhang told The Epoch Times. 'This area is still big enough for big business, and we can still have a very peaceful life.'

A basketball fan's guide to Indianapolis
A basketball fan's guide to Indianapolis

Axios

time11-03-2025

  • Sport
  • Axios

A basketball fan's guide to Indianapolis

Welcome to Indy, basketball fans! Driving the news: Indianapolis is hosting the Big Ten Men's Basketball Tournament Wednesday through Sunday. We're an easy drive, a relatively affordable place to visit and single-game ticket prices start at $40. Come on down! Why it matters: In 49 other states it's just basketball, but this is Indiana. We take the sport and our hosting duties very seriously. Here's your guide to having a great time in the Circle City. The big picture: All the games are being played at Gainbridge Fieldhouse, home of the Indiana Pacers in the heart of downtown Indy. Games start at 3:30pm Wednesday and continue throughout the week until the final at 3:30pm Sunday. 🏨 Where to stay: Downtown is built around hosting big events, so there are plenty of hotels. Some are already sold out, but here are three with good vibes and, at our last check, still had rooms available during the tournament. The Residence Inn by Marriott on the Canal puts you directly on one of our favorite walking paths in town (see more below), connecting you to a state park, museums and more. At the Crowne Plaza Hotel inside Union Station, not only will you be just three blocks from the action — you can stay inside an old train car. Bottleworks is just outside the downtown core, but this newly restored art deco gem anchoring a bustling entertainment district is worth the quick Uber trip or longer walk. 🥞 Pregame: Fuel up with a solid brunch. Cafe Patachou at the Stutz will take you to one of the hippest little redevelopments, an old factory reborn into artist studios and shops — including another location of the city's favorite breakfast spot. Don't skip the cinnamon toast! Tupelo Honey is an import from Asheville, North Carolina. The biscuits don't miss and it's just two blocks from Gainbridge Fieldhouse. If you don't mind a wait, try your luck at Milktooth. There's a reason it's on every list of the best places to eat in Indianapolis. 🚶 Walk it off: After sitting through a game or two, stretch your legs with a stroll around our exceedingly walkable downtown. From Gainbridge Fieldhouse, you're only a mile from White River State Park and its walking trails along the eponymous river. The park also connects to the downtown canal walk, one of our favorite walking paths in the city — a unique manmade canal flanked with museums, pocket parks and apartments. Gainbridge is also just a few steps off the Indianapolis Cultural Trail, which will connect you in just half a mile to the Fletcher Place neighborhood with its bars and restaurants. 🥩 Postgame: You could eat at one of the dozen steakhouses downtown… or you could check out a few of the neighborhoods surrounding downtown to get a feel for the city, the way we locals live it. Fountain Square is just a mile southeast of the fieldhouse and has tons of funky cafes, bars, restaurants and shops. Hit up Upland for our favorite local beer and great food, then stop by the Inferno Room, an over-the-top tiki bar, on your way back downtown for a nightcap. Mass Ave is a whole vibe, a mile-long stretch of road that starts just a half-mile north of the fieldhouse and ends at the Bottleworks entertainment district. Put your name on the waitlist for dinner at Bodhi, the best Thai food in town, and peruse the shelves of nearby Tomorrow Bookstore while you wait. Diehard basketball fans will want to make the trek a few miles north to Butler University. Walk around the picturesque campus, see historic Hinkle Fieldhouse — where one of the greatest basketball movies ever made was filmed — and then scoot on up the road for a hot slice of Byrne's Grilled Pizza. Pro tip: Skip Circle Centre Mall. I know — it's right there. But it's about to get a major makeover and there are only a handful of stores left inside, hanging on for dear life.

Al Nakhla Investment signs agreement to open Residence Inn by Marriott in Riyadh, Saudi Arabia
Al Nakhla Investment signs agreement to open Residence Inn by Marriott in Riyadh, Saudi Arabia

Tourism Breaking News

time19-02-2025

  • Business
  • Tourism Breaking News

Al Nakhla Investment signs agreement to open Residence Inn by Marriott in Riyadh, Saudi Arabia

Al Nakhla Investment in the Kingdom of Saudi Arabia signed an agreement with Marriott International to open a Residence Inn by Marriott in Riyadh. This development marks a significant milestone in Al Nakhla Investment's ongoing efforts to diversify and expand its regional hospitality portfolio. The new Residence Inn by Marriott Riyadh will be strategically located in one of the city's most vibrant and rapidly developing areas, offering long-term travelers and business professionals an exceptional blend of comfort, convenience, and modern amenities. The property will feature a selection of spacious suites and units designed to cater to guests seeking short or long stays, with fully equipped kitchens, separate living and sleeping areas, and state-of-the-art facilities. This agreement is part of a broader strategic collaboration between Al Nakhla Investment and Marriott International to bring world-class hospitality experiences to the Kingdom. The collaboration underscores both companies' commitment to supporting Saudi Arabia's Vision 2030, which seeks to boost tourism, attract international investment, and develop the Kingdom's hospitality sector. Speaking on the occasion, Momen Dowji, Business Development Manager of Al Nakhla Investment, said, 'We are thrilled to work with Marriott International to bring the Residence Inn by Marriott brand to Riyadh. This agreement aligns with our strategy to expand our footprint in the hospitality sector and contribute to the growth of Saudi Arabia's tourism and business travel markets. We believe that the Residence Inn will offer a unique value proposition to both business and leisure travelers seeking high-quality, longer-stay accommodation in the heart of Riyadh.' Introducing Residence Inn by Marriott in Riyadh will add to the city's growing array of hospitality options, catering to a diverse range of travelers. With its focus on long-term stays, Residence Inn by Marriott is poised to meet the needs of professionals, expatriates, and families looking for a home-like environment combined with the benefits of a full-service hotel. 'We continue to see a strong demand for longer stay accommodation in Riyadh and we are excited to work with Al Nakhla Investment to open Residence Inn by Marriott Riyadh ,' said Chadi Hauch, Regional Vice President, Development – Middle East at Marriott International. 'Whether for leisure or business, Residence Inn provides travellers the comforts of home while on the road. This property will be a great addition to our Residence Inn portfolio in the Kingdom which continues to be an important growth for the brand,' Residence Inn by Marriott Riyadh is anticipated to open late 2026. The project is expected to create numerous job opportunities and contribute to the local economy, further solidifying Riyadh's position as a leading destination for both business and leisure travelers.

Al Nakhla Investment signs agreement to open Residence Inn by Marriott in Riyadh, Saudi Arabia
Al Nakhla Investment signs agreement to open Residence Inn by Marriott in Riyadh, Saudi Arabia

Zawya

time18-02-2025

  • Business
  • Zawya

Al Nakhla Investment signs agreement to open Residence Inn by Marriott in Riyadh, Saudi Arabia

Riyadh, Saudi Arabia — Al Nakhla Investment, a leading real estate investment firm in the Kingdom of Saudi Arabia, is proud to announce signing an agreement with Marriott International to open a Residence Inn by Marriott in Riyadh. This development marks a significant milestone in Al Nakhla Investment's ongoing efforts to diversify and expand its regional hospitality portfolio. The new Residence Inn by Marriott Riyadh will be strategically located in one of the city's most vibrant and rapidly developing areas, offering long-term travelers and business professionals an exceptional blend of comfort, convenience, and modern amenities. The property will feature a selection of spacious suites and units designed to cater to guests seeking short or long stays, with fully equipped kitchens, separate living and sleeping areas, and state-of-the-art facilities. Strategic Collaboration for Growth This agreement is part of a broader strategic collaboration between Al Nakhla Investment and Marriott International to bring world-class hospitality experiences to the Kingdom. The collaboration underscores both companies' commitment to supporting Saudi Arabia's Vision 2030, which seeks to boost tourism, attract international investment, and develop the Kingdom's hospitality sector. Speaking on the occasion, Momen Dowji, Business Development Manager of Al Nakhla Investment, said, 'We are thrilled to work with Marriott International to bring the Residence Inn by Marriott brand to Riyadh. This agreement aligns with our strategy to expand our footprint in the hospitality sector and contribute to the growth of Saudi Arabia's tourism and business travel markets. We believe that the Residence Inn will offer a unique value proposition to both business and leisure travelers seeking high-quality, longer-stay accommodation in the heart of Riyadh.' Enhancing Riyadh's Hospitality Landscape Introducing Residence Inn by Marriott in Riyadh will add to the city's growing array of hospitality options, catering to a diverse range of travelers. With its focus on long-term stays, Residence Inn by Marriott is poised to meet the needs of professionals, expatriates, and families looking for a home-like environment combined with the benefits of a full-service hotel. 'We continue to see a strong demand for longer stay accommodation in Riyadh and we are excited to work with Al Nakhla Investment to open Residence Inn by Marriott Riyadh ,' said Chadi Hauch, Regional Vice President, Development – Middle East at Marriott International. 'Whether for leisure or business, Residence Inn provides travellers the comforts of home while on the road. This property will be a great addition to our Residence Inn portfolio in the Kingdom which continues to be an important growth for the brand,' Looking Ahead Residence Inn by Marriott Riyadh is anticipated to open late 2026. The project is expected to create numerous job opportunities and contribute to the local economy, further solidifying Riyadh's position as a leading destination for both business and leisure travelers.

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