NewcrestImage Acquires Three Courtyard by Marriott Hotels at Major Airports

NewcrestImage | October 18, 2023

NewcrestImage is acquiring three Courtyard by Marriott hotels from W.P. Carey, a real estate investment trust with headquarters in New York City. Two properties – at Albuquerque International Sunport and at Indianapolis International Airport – have already closed, while the third property at Chicago O’Hare International Airport is expected to close in early November. “These hotels, with their strategic airport locations in high-traffic markets, offer significant opportunities for growth,” said Mehul Patel, Managing Partner and CEO of NewcrestImage. “To fully capture this upside potential, all three properties will undergo fu...