News for the Hospitality Executive
Frisco, Tex., May 31, 2013. The highly anticipated merger of Newcrest Management and Image Hospitality has been completed, and the two companies have now become NewcrestImage, a vertically integrated company offering a broad portfolio of services in hotel development, construction, and management. The alliance, which had included Newcrest Development, Brightman Construction and Image Hospitality, has been rebranded, with all three groups under the NewcrestImage banner.
Since the initial merger announcement in February 2013, the two companies have been preparing an integration plan designed to rapidly combine the synergies of the two companies into one. The plan is now substantially complete, with the final piece remaining, being the new office headquarters.
The company principals' new roles have been established:
NewcrestImage is expanding their new company in exciting ways. They have been working on numerous hotel deals including new development, construction, and public-private partnerships with city governments.
Currently, NewcrestImage has six hotels under construction and three in the development stages with a total of 1,150 rooms, which will double the company's portfolio. The nine new hotels are:
NewcrestImage is a fully integrated hospitality company that specializes in hotel development, construction and management. Based in Texas, NewcrestImage develops, builds, and manages hotel properties across the Southwest. For more information, visit www.newcrestimage.com.
8380 Warren Parkway, Suite 700
Frisco, TX 75034
Companies Merge to Form Powerful Alliance; Merged Company consists of
development, construction and management groups / February 2013