Tuesday, June 21, 2016

New Castle Hotels and Resorts Outlines Strategic Plan to Double Portfolio in Four Years

Gerry Chase
SHELTON, CT,  June 21, 2016—New Castle Hotels and Resorts (NCHR), a leading developer, owner and operator of a diverse, international portfolio of hotels and resorts, today announced an ambitious plan to double the company’s roster of owned and managed hotels by 2020.  

The growth will be split evenly among new management contracts, acquisitions and new-build hotels. 

        "Throughout this most recent economic upturn, our development team has been cultivating a broad range of opportunities that are poised to come to fruition over the next four years,” said Gerry Chase, president and COO.  “Simultaneously, we selectively refined our existing portfolio and expanded our investment capacity to take advantage of the coming opportunities.

“We have a clear strategic plan of what we want; a mix of full and select service hotels with major brands,” he added.  “We have an excellent reputation as a manager, and deliver stellar returns on investments.  That, coupled with being a preferred operator with all of the major flags, puts us in a great position to execute this four-year plan.”

For a complete copy of the company’s news release, please contact:

Lauralee Dobbins
Write Touch PR

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