Homewood Suites Parsippany is now open in Parsippany, New Jersey. NewcrestImage acquired the 150-unit, five-story all-suites building in June 2022 and renovated it.
Dallas-based NewcrestImage is led by Mehul Patel, managing partner and CEO.
“We don’t just see properties as they are, but as what they can be,” said Patel. “This hotel, with its location along Interstate 80 between New York and Pennsylvania in northern New Jersey, offered a compelling opportunity for increased profitability through rebranding.”
The hotel offers two meeting rooms, an indoor pool and an upgraded fitness center.
The Homewood Suites is near Newark Liberty International Airport, Parsippany Railway Station, and five major interstate and state highways. It is also close to the 2,500-seat Mennen Sports Arena, Frelinghuysen Arboretum, Morris Museum, American Dream Mall, and New York City.
In October, NewcrestImage expanded its luxury full-service portfolio with the addition of The Beeman Hotel in Dallas, which features 296 guestrooms and suites across nine floors.
