{"id":33820,"date":"2019-08-07T12:14:30","date_gmt":"2019-08-07T16:14:30","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=33820"},"modified":"2019-08-08T12:33:42","modified_gmt":"2019-08-08T16:33:42","slug":"holiday-inn-saratoga-springs-changes-ownership-new-manager-has-local-ties","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/08\/holiday-inn-saratoga-springs-changes-ownership-new-manager-has-local-ties\/","title":{"rendered":"Holiday Inn Saratoga Springs Changes Ownership; New Manager Has Local Ties"},"content":{"rendered":"
\"\"
Kevin Tuohy is the new general manager of Holiday Inn Saratoga Springs.
\u00a92019 Saratoga Photographer.com<\/figcaption><\/figure>\n

by Andrea Palmer
\nThe Holiday Inn Saratoga Springs is under new ownership and management.
\nKevin Tuohy, who has ties to Saratoga Springs, is the new general manager of the hotel.
\n\u201cMy company knew what an exciting and dynamic market Saratoga is. They\u2019ve been trying to get into the Saratoga market for quite some time,\u201d said Tuohy.
\nFred George is the president and CEO of the new ownership group JLK Global Fund International, based in Canada. The property was purchased for $21.8 million. JLK Funding partnered with New Castle Hotels and Resorts to manage the asset.
\n\u201cNCH\u2019s reputation for maximizing operational results and respecting and cultivating relationships within the communities in which they operate made them the perfect management partner for this hotel,\u201d said George in a news release.
\nTuohy was brought on by New Castle to manage the asset. He formerly managed the Delta by Marriot in Utica, New York for four years. The hotel is owned by United Capital Corp.
\n\u201cThe property was and is wonderful,\u201d said Tuohy. \u201cThe former property manager, Cindy (Hollowood), had been here for over 40 years. There was a fantastic staff here. They\u2019d really done everything right. They built a great foundation here at the hotel, and great relationships throughout the community.\u201d
\n\u201cMany in the management team had been here since the inception in the 1960s, when the building was built,\u201d he said. \u201cThat\u2019s unique to the hospitality industry, which is known for turnover. To have the stability they\u2019ve had here for the past 40 years really speaks to the efforts of Cindy and the entire ownership and management team.\u201d
\n\u201cWe want to continue in the tradition that the former managers built here for so long,\u201d said Tuohy. \u201cFrankly, we don\u2019t want to change a whole lot. We\u2019ll put about $1.5 million into the updating the infrastructure of the asset before November 2020. For the most part, we just want to keep it all the same and reap the benefits of being in Saratoga.\u201d
\nTuohy grew up in Saratoga Springs. \u201cI\u2019m really excited to be back home. This property speaks for itself. It\u2019s a beautiful property. It\u2019s an iconic part of Saratoga Springs and I\u2019m excited to be part of it.\u201d
\nThe addition of the Holiday Inn Saratoga Springs brings another brand family to NCH\u2019s growing portfolio of upper-midscale to upper-upscale properties in urban and major resort locations. Earlier this year, NCH added Choice Hotels to its mix of brand partners with the opening of the Cambria Charleston Riverview.
\nThe Holiday Inn Saratoga Springs is located within a short walking distance to major attractions including the storied Saratoga Race Track, Canfield Casino, and Saratoga Performing Arts Center (SPAC).
\nThe Holiday Inn Saratoga Springs (an IHG Green Engage Level 1 hotel) features Bookmakers, a three-meal restaurant, bar and lounge with an outdoor patio and fire pit; as well as 9,000 square feet of flexible meeting space suitable for hosting events up to 800 people. Complimentary amenities include in-room WiFi, a heated indoor and outdoor pool, a fitness center and a 24-hour business center.
\nNew Castle Hotels & Resorts is a fully integrated, industry-recognized hospitality investment, development and management company that has built its reputation executing complex operational turnarounds, new-build developments and conversions, including historic redevelopments.
\nThe 168-room Holiday Inn Saratoga Springs is located at 232 Broadway, near Congress Park.<\/p>\n","protected":false},"excerpt":{"rendered":"

by Andrea Palmer The Holiday Inn Saratoga Springs is under new ownership and management. Kevin Tuohy, who has ties to Saratoga Springs, is the new general manager of the hotel. \u201cMy company knew what an exciting and dynamic market Saratoga is. They\u2019ve been trying to get into the Saratoga market for quite some time,\u201d said […]<\/p>\n","protected":false},"author":196,"featured_media":33821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-33820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\r\nHoliday Inn Saratoga Springs Changes Ownership; New Manager Has Local Ties - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/08\/holiday-inn-saratoga-springs-changes-ownership-new-manager-has-local-ties\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Holiday Inn Saratoga Springs Changes Ownership; New Manager Has Local Ties - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"by Andrea Palmer The Holiday Inn Saratoga Springs is under new ownership and management. Kevin Tuohy, who has ties to Saratoga Springs, is the new general manager of the hotel. \u201cMy company knew what an exciting and dynamic market Saratoga is. 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