NewcrestImage Completes Acquisition of 45 Hotels in 11 States

NewcrestImage | November 18, 2022

Dallas-based NewcrestImage has closed on a portfolio of 45 hotels that includes 35 Marriott-branded, seven Hilton-branded, and three Choice-branded properties in 11 states -- Arkansas, Colorado, Illinois, Iowa, Kansas, Michigan, Minnesota, North Dakota, Ohio, South Dakota, and Texas. The transaction, which totals approximately 3,300 rooms, was announced in early September.  NewcrestImage has retained the management companies that were previously in place for the properties, which are Aimbridge Hospitality and HHM Hospitality. “Each of these hotels represents a strong opportunity for generating revenue in the short-term, as well as fo...