LOCAL HOTEL ANCHORS COMMUNITY THANKS TO GNYDC FINANCING
Q Host Inc., an Americas Best Value Inn is located just off the interstate in Plattsburgh New York. The 104 room hotel is a landmark in the area, providing an anchor location serving this prime retail region. Having the Amricas Best Value Inn connection has proven beneficial to the facility, as the franchise is the fastest growing hotel chain in the country, and is ranked as the tenth largest limited service hotel chain. In addition, Lodging Hospitality Magazine awarded the chain its national leadership award.
Q Host Inc. is located near Lake Champlain and provides four season accomodations for the Canadian tourist and business travel, as
Q Host Inc. is located near Lake Champlain and provides four season accomodations for the Canadian tourist and business travel, as
well as university related travel for those visiting SUNY Plattsburgh. The hotel has become an anchor in the community, open 365 days/year and active in community affairs. Owned by Jaspal S. Kang, the hotel was recently refinanced by a package of loans through HSBC and the New Market Loan Fund provided by Greater New York Development Co. The financing package enabled the principal to buy out former partners while lowering debt service. Control of the operations along with cash flow improvement will enable Mr. Kang to
expand and improve the hotel.
expand and improve the hotel.
