New Castle Opens First Marriott Property in New Brunswick, Canada.
The Shelton, Conn. based third-party manager and hotel development company, co-developed the 133-suite extended stay property and will manage it. MORE
Select Service Hotels
New Castle Hotels & Resorts actively plans, finances, develops and operates upscale select service properties. Properties currently under operation include Hilton, Starwood and Marriott brands.
Case Study:
Courtyard by Marriott – Shelton, Connecticut
New Castle led an investment partnership in the aquisition of a 160-room Ramada. Renovated and repositioned as a Courtyard by Marriott, the hotel achieved immediate market leadership.
Results:
Three years after purchase, the property sold for approximately twice its investment cost.