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NEW CASTLE HOTELS & RESORTS

PERSEVERE
& LEAD WITH
PURPOSE
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New Castle Hotels & Resorts is a premier hospitality management company, fully committed to enhancing value for our owners and partners, all while creating amazing experiences across all properties. Our family owned and operated team is driven by innovation, a forward-thinking approach, and a lineage of success. Let’s build a lifelong relationship and set the future’s pace.

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HOW WE DELIVER RESULTS
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MANAGEMENT

We bring an entrepreneurial, owner-operator mindset to every property we manage. With decades of hospitality experience, strong brand partnerships, and innovative strategies, we drive industry-leading performance, guest satisfaction, and profitability while delivering tailored solutions, exceptional F&B, and efficient operations for our investment partners.

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DEVELOPMENT

We guide hotel projects from concept to opening with expertise in planning, financing, construction, and FF&E and IT integration. With a track record of 30-plus developments and conversions, we deliver profitable, functional properties through hands-on involvement and strategic partnerships.

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INVESTMENT

We identify untapped potential in hotels and redevelopments, leveraging our management platform to maximize value. With precise underwriting, feasibility analysis, and a proven track record in acquisitions and conversions, we help partners achieve strong returns in upper-midscale to upper-upscale properties across urban, suburban, and resort markets.

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SHARED SERVICES

At New Castle, our entrepreneurial team provides our investment partners the opportunity to take advantage of a number of value-add services that we provide on an a-la-carte basis, driving efficiency, best practices, and the commitment to delivering cost-effective solutions and services.

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CASE STUDIES
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EXCEPTIONAL HOTELS. EXCEPTIONAL RESULTS. Hilton Garden Inn Portland

Opportunity:

  • Site located adjacent to Maine’s busiest airport
  • Develop the leading hotel in an underserved airport market with a superior brand amidst outdated competition

Value Creation Drivers:

  • Added an additional 36 rooms to take advantage of airport expansion
  • Achieved a stabilized market share exceeding 130%+ despite additional competition
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EXCEPTIONAL HOTELS. EXCEPTIONAL RESULTS. Hilton Downtown Lexington

Opportunity:

  • Property conversion into the Hilton system
  • Takeover from weak, unfocused management
  • Upside in expense margin and market share

Value Creation Drivers:

  • Provide the hands-on, personal oversight necessary
  • Improved the hotel’s image with the local community
  • Lifted the property’s market share over 14%
  • Achieved a compound annual growth rate in gross operating profit of 15.7% between 2011 and 2014
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EXCEPTIONAL HOTELS. EXCEPTIONAL RESULTS. Algonquin Resort St. Andrews

Opportunity:

  • Gut renovation of existing historic, inefficient building
  • Historic preservation efforts and physical plant modernization
  • Re-integrate the hotel into the community
  • Enhance the F&B experience with destination restaurant
  • Modernize facilities while retaining historic character

Value Creation Drivers:

  • Identified and secured Autograph branding strategy
  • Ranked #6 Best Resort in Canada by Condé Nast 2014
  • Negotiated favorable financing/refinancing term
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EXCEPTIONAL HOTELS. EXCEPTIONAL RESULTS. Westin Oceanfront Jekyll Island

Opportunity:

  • Prime beachfront location
  • Adjacent to a new 128,000 SF convention center
  • Partnering with tourism authorities to re-brand the island
  • Key component of a larger, beach-themed mixed-use project
  • Capture Tax Credits in the form of a Room-Tax Refund

Value Creation Drivers:

  • Identified and secured Westin branding strategy
  • Captured $1.2M in key money through strong Starwood relationship and negotiation
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EXCEPTIONAL HOTELS. EXCEPTIONAL RESULTS. Holiday Inn Saratoga Springs

Opportunity:

  • Well positioned and high barriers to entry asset
  • Takeover from weak, unfocused management
  • Upside in expense margin and market share

Value Creation Drivers:

  • Provide the hands-on, personal oversight necessary
  • Centralize various roles including accounting, revenue management, sales and digital marketing
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EXCEPTIONAL HOTELS. EXCEPTIONAL RESULTS. Hampton Inn & Suites Dartmouth

Opportunity:

  • Develop leading select-service asset in prime Dartmouth Crossing location with enhanced amenities
  • Site located in underserved submarket with immediate access to high quality shopping, dining and businesses in Dartmouth

Value Creation Drivers:

  • Identified top available brand and secured franchise
  • Delivered asset on-time and under budget
  • Achieved a stabilized market share exceeding 130%+
  • New Castle retained as manager upon sale to BBS
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EXCEPTIONAL HOTELS. EXCEPTIONAL RESULTS. AC Hotel by Marriott Missoula Downtown

Opportunity:

  • Takeover from passive management
  • Target and build ESOcc and Group business
  • Upside in housekeeping productivity

Value Creation Drivers:

  • Provide the hands-on training and oversight necessary to reduce MPOR from 35 to 26 at the AC and from 40 to 30 at the Residence Inn
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KEY FACTS
45+
Years
100+
Management
Engagements
30+
Development
Projects
$1B+
Investment Volume
$500M
AUM
19
Current
Properties

A Portfolio Built on Purpose

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  • HOTELS
  • RESTAURANTS
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    HONORED
    BY THE
    HEADLINES
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    GREAT PARTNERS

    “I’ve had the pleasure of working with New Castle Hotels & Resorts for over 30 years. They’ve been great partners, in every sense of the word. Together, we’ve achieved tremendous results for our guests, team members, and investors.”

    -Dave Curtis, Co-Managing Partner, LNW Hospitality
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    PEDIGREE,
    PICTURED