NewcrestImage broke ground on its latest development-a 125-room Residence Inn by Marriott in Tyler, TX- on July 9th, 2013, to meet the growing demand for extended-stay hotels in the area. This development marks the company's return to the Tyler community after exiting the market in 2012.

Located on a prime, three acre lot on South Broadway Avenue, this new development will replace the existing exterior corridor Residence Inn and see NewcrestImage return to a market they had been present in since 2000, prior to selling their assets there in August of last year.

This latest-generation Residence Inn by Marriott will offer extended-stay residents a choice of studio and two-bedroom suites, each one fully equipped to meet every need, and all located within the same building to enhance accessibility for residents. From fitted kitchens to complimentary personalized grocery shopping services via free breakfasts and evening gatherings, the property will aim to exceed guest expectations. Among the range of amenities on offer will also be an indoor pool, a basketball court, a half tennis court, and a large outdoor patio with its own barbeque grill and fire pit.

For NewcrestImage, this development holds special significance, as it marks their return to a market they know well. The company-a fully integrated hotel company merging development, construction, and management-have an in-depth understanding of the market, having built and managed two properties there prior to their sale last year; a Holiday Inn Express, and a Courtyard by Marriott.

"We're delighted to be back in the Tyler community," said Yogi Patel, COO of NewcrestImage's management division. "We never intended to be out of the Tyler market for long, and with this property we look forward to offering extended-stay guests a high-quality option in the booming south-side of the city."

Slated for opening in summer 2014, the property will be the second Residence Inn by Marriott in NewcrestImage's portfolio, and the eighth Marriott property built by the company since 2004. NewcrestImage will both build and manage the property, as with their prior developments, thus ensuring a seamless launch.

For more information on this or other NewcrestImage developments, please contact NewcrestImage.com.

About NewcrestImage

NewcrestImage has experience with hotels on historic sites, having won the "Best Adaptive Reuse" Award in 2011 from the Texas Downtown Association for the company's redevelopment of the Fisk Building in Amarillo, which dates from 1927 and was designed into a Courtyard by Marriott.

Currently, Dallas-based NewcrestImage owns and operates 12 hotel properties, with six properties under construction, and another three real estate properties in various stages of development, including a 52-acre master-planned community in the Dallas area that features multi-family housing alongside destinations for shopping, dining, and entertainment. www.newcrestimage.com

Contact: Peter G. Mathon, P.R. Counsel

Contact@NewcrestImage.com / 770-396-4555

Related News

Pearl Hotel Investors Set to Open New 233-suite Residence Inn In Portland, Oregon's Pearl District

NewcrestImage Names Cathy Kuzski As President Of Management Division

The Plasencia Group Announces the Sale of Midwest Limited Service Portfolio

NewcrestImage Introduces Courtyard & TownePlace Suites DFW/Grapevine Executive Team

The 112-key Residence Inn Set to Open in Austin, Texas; Owned by Benchmark Development

$320 Million Combined 378-room Courtyard Hotel & 261-Suite Residence Inn Hotel Opens in Manhattan

NewcrestImage Opens Dual Branded Courtyard & TownePlace Suites by Marriott in Dallas, Texas

NewcrestImage to Begin $10 M Renovation of Historic New Orleans' Cotton Exchange Hotel

Owned and Managed by Sohal Family, the 120-suite Residence Inn Hotel Set to Open in Ottawa, Ontario

NewcrestImage Completes Acquisition of 22 Hotels From La Quinta Inns & Suites

NewcrestImage to Construct Hotel as Anchor for Downtown Amarillo, Texas Redevelopment Project

The 129-suite Residence Inn by Marriott Set to Open Next Month in Orangeburg, New York

BK-Investments & Waterford Hotel Group Open Residence Inn by Marriott at Chicopee Crossing in MA

Owned and Managed by Tharaldson Hospitality Management, Residence Inn to Open in Largo, MD

Omaha, Nebraska's Historic Federal Building Transformed into 152-room Residence Inn Hotel

The 152-suite Residence Inn by Marriott Opens this Week in Omaha, Nebraska

BK Investments & Waterford Hotel Group Set to Open the 115-suite Residence Inn Hotel in Chicopee, MA

Finvarb Group & Marriott Set to Open the 173-suite Residence Inn by Marriott in Tempe, AZ

NewcrestImage Celebrates Groundbreaking for the 119-room Holiday Inn Express in Waco, Texas

Jennifer Byerly Hired as Director of Sales for the 104-room Residence Inn - Columbus/Worthington, OH

The 128-suite Residence Inn by Marriott Opens in Needham, Massachusetts

RLJ Lodging Trust Acquires Georgia's Residence Inn Atlanta Midtown Historic

Derrick Blount Appointed as Sales Manager for Residence Inn Marriott in Conshohocken, Pennsylvania

R.D. Olson Opens a Residence Inn and a Fairfield Inn & Suites as Part of Tustin Pacific Center in CA

New Castle Opens Dual-Branded Marriotts in Downtown Syracuse, New York

R. D. Olson Development and Marriott Open the 149-suite Residence Inn Hotel in Tustin, California

The 97-suite Residence Inn by Marriott to Open this Week in Greenville, North Carolina

July 30th Opening Set for the Dual-Branded Courtyard and Residence Inn Hotels in Syracuse, New York

The 100-suite Residence Inn Columbia Northwest/Harbison Opens in Irmo, South Carolina

Owner, Carmel Valley Residence Hotel, to Open the 118-suite Residence Inn in San Diego, California

All News »

Please login or register to post a comment.