Asha Companies Acquires 10 Hotels
Tuesday May 21st, 2013 - 9:21AM EO
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WASHINGTON—Asha Companies purchased 10 hotels representing 860 rooms located in North Dakota, Montana, Wyoming and Texas.
Hospitality Management Corp., led by President/CEO Leo Spriggs, will manage the properties.
Jay Patel, CEO/CFO of Asha Companies, said, “We are very excited about this venture and feel there is great synergy between the two companies."
Asha Companies will be transitioning to the name, “Building Asha Companies," said Patel, "As we truly want to be known as a company that is “building hope, as 'Asha' in all essence means hope in many parts of the world."
Tags: • Hospitality • Acquisitions • Management Companies •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.