First Homewood Suites
Midland, TexasIn another long-planned move, the partners opened a Homewood Suites in Midland, the first upscale extended stay hotel in the company’s portfolio, taking advantage of the booming oil and gas market there.
First Residence Inn
Texarkana, TexasThe company developed their first Residence Inn, which was later honored by Marriott International with the 2015 Strongest Collaborator Award.
Entry into Hyatt
Plano and San Antonio, TexasThe launch of the NewcrestImage Real Estate Fund represented an evolution in the company’s ability to raise equity from investors, it kicked off with the acquisition of two Hyatt Place Hotels— one in Plano and one in San Antonio.
The First AC Hotel by Marriott in the U.S.
New Orleans, LouisianaNewcrestImage opened the first AC Hotel by Marriott in the U.S. with much fanfare. At the grand opening were Arne Sorenson, CEO of Marriott International, as well as the founder of AC, Antonio Catalan. NewcrestImage demonstrated their niche in the growing lifestyle hotel trend—properties with the local personality of a boutique hotel but the convenience of a chain brand.
