Newcastle Hotels

New Castle Hotels & Resorts identifies quality development opportunities and creates profitable acquisition or new build ventures. It has critical understanding of the intricacies of hotel markets, the relationship of supply and demand, and can identify the focused pre-opening efforts needed to successfully launch a hotel so that it realizes 100%+ marketshare within six months of opening. With its development partners, New Castle has successfully launched a new construction program of upscale hotels in the high barrier-to-entry development markets of the Eastern United States and Canada. Success is achieved through a combination of:

• Creative deal sourcing
• Rigorous underwriting and market research
• Experienced transaction management
• Effective capital placement

Case Study:

Courtyard by Marriott — Brookline, Massachusetts
This property exhibits the key elements of a New Castle development project: distinctive, high quality construction; strong location with significant barriers to entry; top tier branding; and on-time under budget completion.

Results:

Several years after opening, this Courtyard by Marriott was sold for a record-breaking result.