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 •
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.