SHELTON, CT—New Castle Hotels & Resorts has promoted Charles Snyder to VP of acquisitions and development for the company’s growing portfolio in the U.S. and Canada.
Since 2012, Snyder has been charged with evaluating potential acquisitions, development and co-investment opportunities. His recent accomplishments include the acquisition of the Hampton Inn & Suites Milwaukee Downtown; the acquisition, renovation and rebranding of the recently opened Fairfield Inn & Suites New Orleans Downtown French Quarter Area; and the initial development of the dual-brand Residence Inn/Courtyard by Marriott, which broke ground in Dartmouth, Nova Scotia in October. Prior to joining New Castle, Snyder was part of the hotel capital advisory team at The Ackman-w Real Estate Group in New York City.
“Since joining New Castle, Charles has played a critical role in not only bringing new deals to fruition, but in helping to divest assets in a strategically sound and timely fashion,” said Gerry Chase, president and COO, New Castle Hotels & Resorts. “He brings to his work an analyst’s critical eye and an entrepreneur’s heart for opportunity; a valuable combination of skills and talents in any phase of the investment cycle.”