Market Overview

Neema Hospitality Expands Portfolio by Acquiring Two Pittsburgh-Area Hotels, the Fairfield Inn & Suites by Marriott and the Holiday Inn Express & Suites


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.


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:

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