NewcrestImage Acquires Hyatt Place Hotel in Metro Dallas
GRAPEVINE, TEXAS — NewcrestImage has purchased the 125-room, six-floor Hyatt Place hotel in the Dallas suburb of Grapevine. This is the company’s fourth Hyatt Place, joining hotels owned and operated in San Antonio, Lubbock and Plano. The new property features two meeting rooms spanning 1,100 square feet and 400 square feet, a breakfast area, outdoor pool, cocktail and coffee bar, fitness center and a business center. The hotel is located near Legoland Discovery Center and the Grapevine Mills Mall. Dallas-based NewcrestImage now owns and operates 22 properties, with another 11 hotels under construction or in development. The company’s three divisions include real estate development, construction and hotel management.