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 •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.