GHM ENTITIES ACQUIRE TWO HILTON-BRANDED HOTELS IN PEABODY, MA

Giri Bar Harbor Kebo Inc. and Giri Peabody 57 LLC, doing business as Giri Hotel Management led by Ash Sangani, recently acquired Hampton Inn and Homewood
Suites Boston Peabody hotels in Peabody, Massachusetts, respectively. The two properties offer a total of 205 rooms.

The hotels are within a 10-mile radius of Salem and 13 miles south of Boston. The properties are near the headquarters of Analogic Corp., Neurological, Lahey
Medical, North Shore Medical, and Boston Children’s Hospital Peabody.

“With the acquisition of these two hotels, we’re thrilled to announce the expansion of our portfolio to include eight Hilton-branded hotels,” said Sagar Malavia,
GHM’s partner. “Situated along Route 1, these locations offer prime positioning for an exceptional guest experience for short- and long-term guests. We’re
dedicated to fostering a welcoming, family atmosphere for our new hotel team members and look forward to fostering excellent relationships with the community
for mutual economic success.”