With Hotels in Demand, New Owner of Middletown Goshen Residence Inn Looks to Expand

Canadian banker Jim Zhang has purchased a major hotel in the Middletown–Wallkill area, with plans to build a new hotel downtown.

The Residence Inn by Marriott Middletown Goshen was recently purchased by former banker Jim Zhang, in Wallkill, N.Y., on May 8, 2025. Oliver Mantyk/The Epoch Times

ORANGE COUNTY, N.Y.—With the growth of attractions in Orange County, hotels are in higher demand. The growing business opportunity has drawn new investment to the Middletown–Wallkill area.

Hotel investor and private banker Jim Zhang recently bought the Residence Inn by Marriott Middletown Goshen just off state Route 211 in Wallkill, New York.