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| 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
609-451-5102
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