News for the Hospitality Executive
|April 9, 2007 – New Generation Hospitality (NGH) announced
today that it has completed the acquisition of the Somerset Hills Hotel
in Warren, NJ and the Inn at Somerset Hills in Basking Ridge, NJ.
In addition to this acquisition, NGH also acquired the Four Points by Sheraton
Hotel and Suites Allentown Jetport, Allentown Pa. at the Lehigh Valley
"We are very excited to acquire these prestigious hotels in such high
barrier to entry markets," said Sujal Mehta, CEO, NGH. "The Somerset Hills
hotels in particular are located in a dense corporate community comprised
of major Fortune 50 companies and in the heart of the nation’s pharmaceutical
sector. We intend to renovate and improve these hotels to better serve
the corporate and leisure traveler and provide memorable guest experiences,"
Somerset Hills Hotel
200 Liberty Corner Rd.
“These hotels have a tremendous amount of history and charm. We believe that these hotels will prove to be the cornerstone of the future of our development” said Ashok Dhabuwala, Chairman, NGH.
The Somerset Hills Hotel contains 111 well-equipped guestrooms including two king suites and one Grand Suite, 7000 square feet of meeting space and the very popular Tap Room Restaurant and Bar. The Inn at Somerset Hills contains 112 guestrooms including three Junior Suites, and three King Suites, 2,500 square feet of meeting space as well as the Dead River Pub.
About New Generation Hospitality
New Generation Hospitality is a rapidly growing hotel Acquisition company
based in S. Plainfield, New Jersey. NGH is a newly formed partnership
between nationally recognized New York hotel developer Dr. Ashok Dhabuwala,
along with Sujal Mehta, Sonny Patel, and Ram Patel. The Hotel Management
Division of NGH, New Generation Hotel Management, is headed by Kevin Mahoney,
President NGHM. The company is targeted to grow its asset base by
over $200 million over the next 12 months through new development projects
in the New York City market and strategic acquisitions of assets in high
barrier to entry markets.
|Also See:||Newly Constructed La Quinta Inn Opens in Jamaica, N.Y., Owned by Ashok Dhabuwala / Aug 2001|
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