newcrestimage

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newcrestimage

NewcrestImage Names David Perel CIO and Caroline Lerner Perel CDO

July 11, 2019

NewcrestImage has launched an ambitious nationwide expansion program of $2 billion in growth by adding two veteran lodging and finance executives to its C-suite who have a proven record of raising substantial private equity funds and managing high-value, high-performance investment portfolios. Effective July 1, David Perel and Caroline Lerner Perel joined NewcrestImage as Chief Investment Officer (CIO) and Chief Development Officer (CDO) respectively. They both report to Mehul Patel, Chairman and CEO of the company, and they both join the company’s executive team, which will now consist of eight people. Mr. and Ms. Perel come to Newcr...

NewcrestImage Names Two Key Executives for AC Hotel in Downtown Houston

March 12, 2019

Two hospitality veterans have been named by NewcrestImage to serve as key managers at a unique hotel renovation project in downtown Houston that is converting a 105-year old historic building into an AC Hotel by Marriott with 195 rooms and 10 floors. Pinal Patel, who has 20 years of hotel management experience, becomes General Manager of the property, which is scheduled to open in late June, while Cathalin Leija, with 15 years of experience in hotel sales and marketing, becomes Director of Sales. Ms. Patel has served as Regional Director of Operations with White Lodging Services, as well as General Manager at multiple hotels in the Hous...

NewcrestImage Names Marissa Maguire General Manager & Kendahl Rasnick Director of Sales For Dual Brand AC Hotel & Residence Inn In North Dalla

NewcrestImage | March 7, 2019

March 7, 2019 - The property, scheduled to open in late June, combines an eight-floor, 150-room AC Hotel with a seven-floor, 150-room Residence Inn in the same building. The two hotels are the first to open as part of an ambitious "lifestyle hotel campus" that is the first-of-its-kind in the country, bringing together four brands and 600 rooms within 50 yards of each other. Marissa Maguire, who has 12 years of hotel management experience, becomes General Manager of the property, while Kendahl Rasnick, with more than 30 years of experience in hotel sales and marketing, becomes Director of Sales. Mrs. Maguire has served in management and ...

NewcrestImage Opens New 94-Room Tru by Hilton in Amarillo, Texas

NewcrestImage | August 29, 2018

NewcrestImage has expanded its portfolio with the opening of a 94-room, 4-floor Tru by Hilton in western Amarillo. It is the first property of a three-hotel, 300-room "hotel campus" located on a five-acre site at the intersection of I-40 frontage Road and South Soucy Road -- an intersection that is among the city's busiest, according to the Texas Department of Transportation. "Our appeal is to travelers with a millennial mindset – tech-savvy, design-conscious, contemporary in spirit, and on a budget," explains Mehul Patel, Chairman and CEO of NewcrestImage. "It's a hotel that is a game-changer for the area's mid-scale category." F...

NewcrestImage Breaks Ground on Canopy by Hilton in North Dallas Slated to Open Late 2019

NewcrestImage | June 26, 2018

DALLAS, Texas – Canopy by Hilton, Hilton's (NYSE: HLT) lifestyle hotel brand, and hotel ownership group NewcrestImage have broken ground to start construction of the 150-room,7-floor Canopy by Hilton Dallas Frisco Station, scheduled to open in late 2019. The property is part of a four-brand, 600-room "hotel campus" in Frisco Station, a first-of-its-kind, 242-acre mixed-use development located about 25 minutes from DFW International Airport. "Canopy by Hilton Dallas Frisco Station is an ideal extension of this dynamic neighborhood," said Gary Steffen, global head, Canopy by Hilton. "Both the Canopy brand and the Frisco Station deve...

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

NewcrestImage | March 29, 2018

NewcrestImage has expanded its portfolio to 28 owned and operated properties with the opening of a five-floor, 134-room Hyatt Place in the industrial-chic Bricktown historic district just east of Oklahoma City's downtown business center. "Together with our partners at Hyatt Hotels, we have created a hotel that combines uptown style with down-home comfort," according to Mehul Patel, Chairman and CEO of NewcrestImage. "It is a distinctive destination that respects the neighborhood's past as a warehouse district, while emphasizing the area's repurposed and revitalized modern spirit." The Hyatt Place features a "cozy contemporary" style in ...

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

NewcrestImage | March 2, 2018

NewcrestImage has opened a new dual-branded hotel at 1600 Canal Street in New Orleans. The 13-floor building, constructed in 1960 but vacant since 2005, has undergone a major renovation to feature two Marriott brands -- a 105-room TownePlace Suites and a 74-room SpringHill Suites. The property is strategically located at the intersection of Interstate 10, just nine blocks from the historic French Quarter district. It is adjacent across the interstate highway to the city's 1,500-acre, $1.2 billion BioDistrict, which is a state-supported economic development area that serves as a model of collaboration in health care and research between ...

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

NewcrestImage | February 13, 2018

NewcrestImage has begun transforming a 104-year-old building in downtown Houston into a 195-room, 10-floor AC Hotel by Marriott, with Houston-based Arch-Con Construction serving as general contractor. Opening is expected during the summer of 2019. The property, located at 723 Main Street, will feature a large fitness center; business center; cocktail lounge; and dining area, which will be integrated with the Zoe Theatre, originally opened in 1914 as a silent movie theatre on the building's ground floor. There will also be approximately 4,000 square feet of meeting and ballroom space with the latest technology for large screen presentati...


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