NewcrestImage Finalizes Merger
Friday May 31st, 2013 - 11:42AM W
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FRISCO, TX—The merger of Newcrest Management and Image Hospitality has been completed, and the two companies are now NewcrestImage, a vertically integrated company offering services in hotel development, construction and management.
Also included in the merger are: Newcrest Development, Brightman Construction and Image Hospitality.
Company principals’ new roles are: Mehul Patel, chairman/CEO; Chirag Patel, CFO; Mital Patel, chief administrative officer; Yogi Patel, COO/hotel management; Danny Patel, COO/construction finance; and Sanjay Patel, COO/construction project manager.
Currently, NewcrestImage has six hotels under construction and three in the development stages with a total of 1,150 rooms, which would double the company’s portfolio.
Tags: • Hospitality •
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