{"id":1004250128,"date":"2018-08-09T04:16:34","date_gmt":"2018-08-09T12:16:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004250128"},"modified":"2022-12-08T21:25:15","modified_gmt":"2022-12-09T05:25:15","slug":"neema-hospitality-acquires-2-pittsburgh-area-hotels","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/","title":{"rendered":"Neema Hospitality Acquires 2 Pittsburgh-Area Hotels"},"content":{"rendered":"<p>By Scott Baltic<\/p>\n<div id=\"attachment_1004250140\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004250140\" data-attachment-id=\"1004250140\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/holiday-inn-express-suites-pittsburgh-sw\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Holiday Inn Express &#038; Suites Pittsburgh SW\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Holiday Inn Express &#038; Suites Pittsburgh SW&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg?w=800\" class=\"wp-image-1004250140 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg\" alt=\"Holiday Inn Express &amp; Suites Pittsburgh SW\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004250140\" class=\"wp-caption-text\">Holiday Inn Express &amp; Suites Pittsburgh SW<\/p><\/div>\n<p>Neema Hospitality has purchased Fairfield Inn &amp; Suites Slippery Rock in Slippery Rock, Pa., and Holiday Inn Express &amp; Suites Pittsburgh SW hotel in Canonsburg, Pa.&nbsp;The combined price tag for the two hotels was about $13 million, Neema President Sandeep Thakrar told <em>Commercial Property Executive.&nbsp;<\/em>This acquisition brings Neema Hospitality\u2019s portfolio to 11 hotels, across Pennsylvania, Maryland and West Virginia.<\/p>\n<p>The 75-key Fairfield Inn &amp; Suites Slippery Rock is north of Pittsburgh, near both Slippery Rock University and the Grover City Premium Outlets. Amenities include a complimentary hot breakfast, free WiFi, in-room microwaves, in-room refrigerators and an indoor pool.<\/p>\n<p>The 90-key Holiday Inn Express &amp; Suites Pittsburgh SW is south of Pittsburgh, within the Southpointe Business Park and near the Meadows Racetrack and Casino. Its rooms offer microwaves, refrigerators, 42-inch flat-screen TVs, and free breakfast and WiFi. The hotel also has a large heated indoor pool, a patio with fire pit and more than 1,600 square feet of meeting space.<\/p>\n<h2>Optimistic about conventions<\/h2>\n<p>The hospitality picture in Pittsburgh seems a bit fuzzy, at least with regard to downtown.&nbsp;The 2018 State of Downtown Pittsburgh report from the Pittsburgh Downtown Partnership expressed concern that Greater Downtown hotel occupancy was down half a percentage point from the average of 67 percent over the previous five years, the <em>Pittsburgh Post-Gazette<\/em> reported. Further, the $155 average daily rate downtown in 2017 had been the lowest since 2013.&nbsp;This was against the backdrop of 815 hotel rooms that&nbsp;have opened in Greater Downtown in 2016 and 2017, with another 386 rooms set for delivery by the end of this year. Still, it was noted that Greater Downtown is the region\u2019s strongest hotel submarket.<\/p>\n<p>However, VisitPittsburgh reportedly expects 2018 to be an even better year than 2017 for convention business, with the city currently 52,000 room-nights ahead of this time last year.<\/p>\n<p>Earlier this year,&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/\">a 223-key Embassy&nbsp;Suite traded&nbsp;in Coraopolis<\/a>, less than 20 miles from&nbsp;Holiday Inn Express &amp; Suites Pittsburgh SW.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fairfield Inn &amp; Suites Slippery Rock and Holiday Inn Express &amp; Suites Pittsburgh SW bracket the city to the north and south. The company now owns 11 hotels across Pennsylvania, Maryland and West Virginia.<\/p>\n","protected":false},"author":882,"featured_media":1004250140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21751,21783,21742,10,1602],"tags":[32847,34454],"class_list":["post-1004250128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-hotel","category-investment","category-latest","category-northeast","category-pittsburgh","tag-fairfield-inn-and-suites","tag-holiday-inn"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Neema Hospitality Acquires 2 Pittsburgh-Area Hotels - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Neema Hospitality Acquires 2 Pittsburgh-Area Hotels\" \/>\n<meta property=\"og:description\" content=\"Fairfield Inn &amp; Suites Slippery Rock and Holiday Inn Express &amp; Suites Pittsburgh SW bracket the city to the north and south. The company now owns 11 hotels across Pennsylvania, Maryland and West Virginia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-09T12:16:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:25:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/\",\"name\":\"Neema Hospitality Acquires 2 Pittsburgh-Area Hotels - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg\",\"datePublished\":\"2018-08-09T12:16:34+00:00\",\"dateModified\":\"2022-12-09T05:25:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Holiday-Inn-Express-Suites-Pittsburgh-SW.jpg\",\"width\":800,\"height\":620,\"caption\":\"Holiday Inn Express & Suites Pittsburgh SW\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/neema-hospitality-acquires-2-pittsburgh-area-hotels\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Neema Hospitality Acquires 2 Pittsburgh-Area Hotels\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. 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