Calling the deal “iconic” for the industry, Mehul Patel, managing partner/CEO, NewcrestImage, spoke exclusively with Hotel Business after the announcement that…
Browsing: Mehul Patel
Summit Hotel Properties Inc. has entered into a definitive contribution and purchase agreement to acquire a 27-hotel portfolio totaling 3,709…
In the first investment from its new $100 million real estate fund, NewcrestImage has acquired the Magnolia Hotel in downtown…
A Hyatt House in a Dallas suburb and a hotel in Montana offering tipis as guestrooms have been sold. NewcrestImage…
The first joint venture between Dallas-based NewcrestImage and Portland, OR-based Canterbury Hotel Group has opened a Hyatt House in downtown…
DALLAS—NewcrestImage has opened its first international property—a Courtyard by Marriott in Vadodara, India. The 14-floor, 123-room property will be the…
DALLAS—NewcrestImage has been awarded a third-party management contract for the 163-room Holiday Express Inn & Suites at Dallas-Fort Worth (DFW)…
NATIONAL REPORT—As the year winds down, owners and developers are still gearing up with property openings. Among those adding inventory…
DALLAS—NewcrestImage has added Taylor Jacobs to the newly created position of director of acquisitions and development. His responsibilities will include…
DALLAS—NewcrestImage yesterday broke ground for two properties of a four-brand, 600-room “lifestyle hotel campus” here in North Dallas. The first…
FRISCO, TX—NewcrestImage is planning four-brand, 600-room “lifestyle hotel campus” in North Dallas. The project will include a dual-brand AC Hotel…
DALLAS—NewcrestImage has opened a 176-room, 18-floor Hampton Inn & Suites in the historic Allen Building here in downtown. The hotel…