Newcrest Mgmt., Image Hospitality Merge
Tuesday February 5th, 2013 - 10:22AM HO
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DALLAS—Newcrest Management and Image Hospitality have merged to form NewcrestImage, a company that will umbrella three firms addressing hotel development and operations.
The new entity includes Newcrest Development, a real estate development company; Brightman Construction, a builder focusing on hotel construction and renovation; and Image Hospitality, a hotel management company.
Executives of the combined companies expect the merger will increase efficiency and capitalize on each other’s strengths.
The company recently acquired two hotels in the Dallas-Fort Worth metropolitan area: a Holiday Inn Express in Grapevine and a Holiday Inn Express in Fort Worth.
Tags: • Hospitality • Ownership • Management Companies •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.