newcrestimage
NewcrestImage Opens Canopy by Hilton at Frisco Station in North Dallas
Canopy by Hilton | June 4, 2020
NewcrestImage opens its first Canopy by Hilton tomorrow -- a 150-room, seven-floor hotel at Frisco Station in north Dallas. The property is the third hotel in an innovative four-brand, 600-room “lifestyle hotel campus” developed by NewcrestImage. Operating since August of 2019 are the first two hotels – an AC Hotel and Residence Inn, each with 150 rooms – that are housed together in a dual-brand building. The fourth hotel, a 150-room Hyatt Place, currently has no scheduled date for start of construction. “The opening of this Canopy symbolizes the story of hospitality’s comeback around the country and around the world,” sai...
NewcrestImage Appoints Manuel Ortiz as Vice President, Investor Relations
February 27, 2020
NewcrestImage has named Manuel F. Ortiz to lead its investor relations department in the newly-created position of Vice President, Investor Relations. He joins the in-house finance team that is responsible for managing investment portfolios as part of a billion-dollar expansion program announced by the company in July of 2019. “We have committed to raising $250 million in equity from both institutional and non-institutional sources for investment in acquisitions, new-build projects, and adaptive re-use of historic buildings,” explained Mehul Patel, Chairman and CEO of NewcrestImage. “Now we are actively adding the personnel and cr...
NewcrestImage and Baywood Hotels Start Joint Venture Canopy by Hilton in Downtown New Orleans
NewcrestImage | January 30, 2020
Dallas-based NewcrestImage and Baywood Hotels, Inc., based in Columbia, Maryland, will begin historic renovation construction in early February of a 176-room, 14-floor Canopy by Hilton in downtown New Orleans. This joint venture launches the third hotel in New Orleans for NewcrestImage and the fourth hotel in Louisiana for Baywood. Canopy by Hilton New Orleans Downtown is scheduled to open in the summer of 2021 at 1100 Tulane Avenue in the heart of the Central Business District, immediately adjacent to the French Quarter. It will revive the former Oil and Gas Building, which originally opened in 1959 and was placed on the National Register...
NewcrestImage Opens Hyatt Place in Amarillo, Texas
NewcrestImage | January 3, 2020
NewcrestImage continues to add to its portfolio with the opening of a 91-room, 4-floor Hyatt Place in western Amarillo. This is the company’s fourth hotel in Amarillo, with a total of 514 rooms in operation in the city. The Hyatt Place is the second property of a three-hotel, 300-room “hotel campus” located on a five-acre site. The other hotels are a 90-room, 4-floor Tru by Hilton that opened in August of 2018 and a 90-room, 4-floor Aloft, a Marriott brand, that is scheduled to begin construction by mid-year of 2020. The hotel complex is located in the heart of the city’s medical district at the intersection of I-40 Frontage Roa...
NewcrestImage Acquires SpringHill Suites in Downtown Dallas, Texas
December 17, 2019
NewcrestImage has expanded its portfolio by acquiring the 148-room SpringHill Suites by Marriott on Lamar Street in the heart of the West End Historic District of downtown Dallas. The company will now operate four hotels and almost 600 rooms in downtown Dallas. The three other properties are a dual-brand 128-room AC Hotel and 121-room Residence Inn, and a 176-room Hampton Inn & Suites. “The SpringHill Suites has a prime location in a vibrant neighborhood that attracts both business and leisure travelers,” explained Mehul Patel, Chairman and CEO of NewcrestImage. “It complements our existing properties just a few blocks away an...
NewcrestImage Launches First International Hotel With Courtyard by Marriott in India
NewcrestImage | December 10, 2019
December 10, 2019 -- NewcrestImage continues steady portfolio growth with its first international hotel – a Courtyard by Marriott in Vadodara, India. The 14-floor, 123-room property will be the first Marriott branded hotel in Vadodara, which has a metro area population of about four million people and is a major industrial, cultural, and education hub for the western state of Gujarat. The hotel is currently under construction and is expected to open in March of 2021, featuring rooms with deluxe décor and amenities; a restaurant with private dining areas; a café; an outdoor swimming pool; a 30-car underground parking garage; and 13,00...
NewcrestImage Breaks Ground on AC Hotel by Marriott in Downtown Phoenix
NewcrestImage | September 5, 2019
Dallas-based NewcrestImage broke ground today for its first hotel in the western United States – a 199-room, 13- floor AC Hotel by Marriott in the heart of downtown Phoenix that is a joint venture with Las Vegas-based LaPour Partners. The hotel, scheduled to open in early 2021, is located at Arizona Center, a million-square-foot mixed use site that features shopping, entertainment, dining, and prime office space. “This property is a powerful new crown jewel for downtown Phoenix, and it is an important step in expanding our company’s leadership nationwide, beyond our traditional home in the south and southwest,” said Mehul Patel,...
NewcrestImage Set to Open Dual-Branded AC Hotel and Residence Inn in Frisco, Texas
AC Hotels by Marriott | July 30, 2019
Frisco, TX – July 30, 2019 – Marriott International, Inc. announced today that a dual-branded 150-room AC Hotel and 150-suite Residence Inn property will open in Frisco, Texas on Friday, August 2, 2019. Located at 4343 Frisco Green Avenue, the hotels are owned and managed by NewcrestImage of Lewisville, Texas. The properties will share some amenities, including an indoor swimming pool, a fitness center and 3,068 square feet of meeting space to accommodate functions of up to 200 people. Each hotel will feature its own lobby, lounge, dining area and business center. Located in Frisco Station, within walking distance to The Star in Frisco a...
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