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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

Achieved a stabilized market share exceeding 130%+

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EXCEPTIONAL HOTELS. EXCEPTIONAL RESULTS. Hilton Downtown Lexington

Lifted the property’s market share over 14%

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EXCEPTIONAL HOTELS. EXCEPTIONAL RESULTS. Algonquin Resort St. Andrews

Ranked #6 Best Resort in Canada by Condé Nast 2014

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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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    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

    CASE STUDY

    Hilton Garden Inn Portland

    • Opening Date: April 2001 (expanded 2013)

    • Partner: Widewaters / Rockbridge Capital

    • Rooms: 88/124 Meeting Space: 700 SF

    • Food & Beverage: Restaurant & Bar

    • Total Basis: $8.0M ($91 per key)

    • Exit Date: July 2018

    • Sale Price: $19.6M ($158K per key)

    • Realized IRR: 21%

    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

    CASE STUDY

    Hilton Lexington Downtown

    • Takeover: August 2011

    • Partner: Madison Capital

    • Rooms: 366 Meeting Space: 18,000 SF

    • Ballroom: 7,000 SF

    • Food & Beverage: The Triangle Grill Restaurant, The Bigg Blue Martini

    • Other: Connected to Rupp Arena and the Lexington Convention Center

    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

    CASE STUDY

    Algonquin Resort

    • Acquired: 2012

    • Re-Opened: 2014

    • Partner: Southwest Properties

    • Rooms: 234 Meeting Space: 20,000 SF

    • Food & Beverage: Braxton’s, Right Whale Pub, Passamaquoddy Veranda

    • Amenities: Indoor Pool & Waterslide, 18-hole seaside Golf Course, Spa

    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 terms