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NewcrestImage Acquires National Hotel Portfolio Totaling 3,300 Rooms

Courtyard-by-Marriott-The-Woodlands

Pictured is a Courtyard by Marriott hotel in The Woodlands, located north of Houston, that is one of the 45 properties in NewcrestImage's newly acquired portfolio.

DALLAS — Dallas-based hospitality development and investment firm NewcrestImage has acquired a national portfolio of 45 hotels totaling approximately 3,300 rooms. The properties are located in 11 states and are primarily operated under various brands within the Marriott and Hilton family of concepts, though the portfolio also includes two Choice-branded hotels and one Radisson-branded hotels. The seller was an undisclosed private investment firm. The sales price was also not disclosed.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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