Total $0.00

NewcrestImage has acquired two Hyatt Place hotels in Texas -- the 127-room property on Dallas Parkway in Plano and the 126-room property on Hyatt Park Drive in San Antonio.  

Each of the two acquired properties has six floors, a fitness center, a business center, a seasonal outdoor pool, and flexible meeting space -- 790 sq. ft. at the Plano hotel and 1,127 sq. ft. at the San Antonio hotel.

"These hotels are consistent with our company's strategy of adding premium branded hotels in top-tier markets at attractive prices," said Mehul Patel, Chairman and CEO of NewcrestImage.  

"As importantly, these hotels are our first Hyatt properties and they represent the start of an important new relationship for us with this outstanding hospitality organization.  We certainly look forward to combining our value-added management style with the established comfort and reputation of the Hyatt brands."   

The Hyatt Place in Plano is located along the Dallas Platinum Corridor office district.  There are 40 million square feet of office space within five miles of the hotel, including the corporate headquarters of J.C. Penney, the Dr. Pepper Snapple Group, Frito-Lay, Pizza Hut, and Mary Kay.

The Hyatt Place in San Antonio is located along Interstate 10, directly adjacent to the 288-acre headquarters campus complex of United Services Automobile Association (USAA), a Fortune 500 financial services firm.  Also within five miles are the headquarters of Valero Energy; the University of Texas at San Antonio campus with 37,000 students; and the 900-acre South Texas Medical Center. 

Introduced in 2008 as an upscale select service brand, Hyatt Place offers a sleek modern look and high-tech amenities alongside casual, relaxed service.  It was named the #1 select service brand by Business Trend News in 2012 and 2013.

Dallas-based NewcrestImage now owns and operates a portfolio of 18 hotel properties.  The company has an additional seven properties under construction or in development. 

About NewcrestImage

NewcrestImage, LLC is a privately-owned, Texas-based hotel development, construction, and management firm. The company's principals have a combined experience of over a century in the hospitality industry. Their collective experience, combined with their single-minded dedication to providing guests with first-rate lodging accommodations and best-in-class guest services, are at the core of the company's continuing success. The company designs, builds and operates state-of-the-art hotels for the most renowned brands in the hospitality industry. Learn more about the company and view their portfolio at

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


Related News

NewcrestImage Opens Hyatt Place in Oklahoma City's Historic Bricktown Neighborhood

NewcrestImage Opens New Dual-Branded TownePlace Suites & SpringHill Suites Hotels in New Orleans

NewcrestImage Begins Construction of Adaptive Reuse Property in Downtown Houston to Become AC Hotel by Marriott

NewcrestImage Opens New AC Hotel in Oklahoma City Using Modular Construction

NewcrestImage Opens Dual-Branded AC Hotel and Residence Inn by Marriott in Downtown Dallas Historic Mercantile Commerce Building

Owned by NewcrestImage, Newly-Built Embassy Suites by Hilton Opens in Amarillo, Texas

NewcrestImage Opens New 226-Room Embassy Suites in Downtown Amarillo, Texas

NewcrestImage Names Management Team for Soon to Open Dual-branded AC Hotel and Residence Inn in Dallas

NewcrestImage Celebrates Groundbreaking of Three-Hotel, 300-Room Hotel Campus in Amarillo, Texas

NewcrestImage Names Taylor Jacobs as Director of Acquisitions & Development

NewcrestImage Names Kevin Ruhman As Vice President, Sales & Marketing

NewcrestImage Launches "Lifestyle Hotel Campus" with Groundbreaking of AC Hotel and Residence Inn in North Dallas

NewcrestImage Places Modules for 142-Room AC Hotel in Oklahoma City Scheduled for May 2017 Opening

NewcrestImage to Develop Four-Brand "Lifestyle Hotel Campus" in North Dallas Opening in 2018

NewcrestImage Acquires 125-Room Hyatt Place Hotel in Grapevine, Texas

NewcrestImage Opens New Hampton Inn & Suites Dallas Downtown in Former Allen Building

NewcrestImage to Build New AC Hotel in Oklahoma City Using Modular Buildings

NewcrestImage Set for Early May Opening of Hampton Inn & Suites Dallas Downtown in Historic Allen Building

NewcrestImage Completes Multi-Million Dollar Renovation of Hyatt Place Dallas/Plano

NewcrestImage to Develop Dual-Branded AC Hotel and Hyatt Place in Oklahoma City's Bricktown Historic District

All News »

Please login or register to post a comment.