K2 Group Acquires Travelodge Lundy’s Lane
Toronto-based K2 Group has acquired the Travelodge by Wyndham Niagara Falls Lundy’s Lane.
The property will be fully-renovated with enhancements to the indoor and outdoor pools, restaurant, fitness center, meeting spaces, banquet halls and 118 guest rooms. A Starbucks Express is also slated to open on-site by the end of the year, and negotiations for a new franchise food and beverage offering are already underway to occupy the existing restaurant and will be announced soon.
“We are happy to welcome K2 Group as the newest owners of a Travelodge by Wyndham property within Canada,” says Trevor Hagel, Executive Vice President of Operations, Travelodge Canada. “As the current ownership and operating group of the nearby Ramada Fallsview, one of the only hotels in the region to have remained open throughout the pandemic, they will certainly provide strong leadership and leading-edge improvements to the property.”
“Through recent and pending transactional activity, we are refining, enhancing, and growing our existing hotel portfolio while increasing our exposure to a market with already strong growth trajectories,” says Kailash Kasal, President of K2 Group. “Niagara Falls is one of Canada’s most visited tourist destinations, and we look forward to working with Superior Lodging and Wyndham to enhance the already exceptional Travelodge experience and offer our guests the highest standard of hospitality.”
“We are excited to see K2 Group continue to invest in Niagara Falls,” says Mayor Jim Diodati, City of Niagara Falls. “We look forward to working closely with the K2 team as they continue their work in up-levelling and developing more properties in our community.”
The hotel, a short jaunt from the Canada One Factory Outlets, is nestled among a host of vibrant and value-packed shopping, entertainment, and dining experiences. The Travelodge Lundy’s Lane is ideal for business and leisure travelers alike, allowing for productivity on the road without overcomplicating the guest experience.
Go to www.k2group.ca for more.
